PastPay, a Budapest, Hungary-based provider of B2B payment solutions, raised €12M in Series A funding.
The round was led by Platina Capital with participation from MBH Bank, Advance Global Capital, Quantic Financial Solutions, STRT and BNL Start Partners, as well as a number of private investors, such as Jared Schrieber and Mark Ransford.
The company intends to use the funds to invest in product development and expand its digital services and infrastructure.
Led by Benjamin Berényi and Bálint Réti, PastPay is a fintech startup focused on providing B2B payment solutions. Its Buy Now, Pay Later (BNPL) services enable flexible payment terms for business transactions, enhancing liquidity for small and medium enterprises across the European Union. Specifically, the company enables businesses to extend payment terms for purchases from over 170 merchants by 15 to 90 days.
Since launch, PastPay has already served over 170 merchants to offer flexible payment terms, enabling customers to pay later on more than 15,000 occasions.
FinSMEs
10/09/2024