Funds SC Ventures and Lead Ventures have invested another € 3 million in fintech startup LeanPay, which is developing a solution for deferred payment – both online and in physical stores.
LeanPay bases its business on the Point-of-Sale financial option (POSF), which provides types of consumer instant loans that allow users to obtain a loan on the spot (online or offline) for a specific purchase, which they can repay in several monthly installments.
This type of service is called the BNPL service (buy now, play later) and it allows consumers to buy goods using deferred payment. On one hand it increases the average sales for partners per basket and, on the other hand, it makes it easier for customers to make purchases – all they need is a mobile phone and a Leanpay app.
The new investment will be used to further expand the team, which currently has 25 developers and financial experts. Next year, the services of this startup will be available in Romania and Hungary as well (in addition to Slovenia and Croatia) and the company plans to expand into other Central and Eastern European markets.
