- Slovenian installment payment solutions provider Leanpay announced that it has secured €10 million ($10.8 million) in a Series B funding round.
- The round was led by Bulgarian private equity firm BlackPeak Capital and Catalyst Romania’s Fund II.
- The funding round also saw participation from Belgrade-based South Central Ventures and Hungarian venture capital fund Lead Ventures, both of which have previously invested in Leanpay. The company plans to use the funds to scale its operations.
Leanpay offers a Buy Now, Pay Later (BNPL) solution in CEE countries that provides instant installment payment options for online purchases. This solution is more flexible than traditional loans, allowing users to repay over a longer period and benefiting from fully digitized processes.
Leanpay was inspired by the Swedish fintech company Klarna, known for its online payment and post-purchase solutions. Klarna’s payment systems are integrated into over a quarter-million e-commerce businesses, providing seamless transactions for customers.
“This investment is a testament to our team’s hard work and commitment to delivering a superior user experience. It will enable us to solidify our market leadership in Slovenia, scale our operations in Romania and Hungary, continue to roll out innovative services, and attract top talent to our growing team to become the digital consumer lending champion in the Central & Eastern European region,” said Leanpay’s co-founder & CEO Misa Zivic.
Founded in 2016, the Slovenian fintech is now making waves in Romania and Hungary, boasting 120,000 satisfied customers and over €200 million in issued consumer loans.
The platform’s growth has seen revenue increasing 2.5 times last year and a fourfold growth since their Series A round in late 2021.
