Leanpay, the pioneering Buy Now Pay Later (BNPL) and Point-of-Sale (POS) lending platform announced the successful completion of its Series B funding round, securing a total investment of €10 million. This investment round was led by BlackPeak Capital, a leading growth equity firm in Southeast Europe, followed by Catalyst Romania Fund II, both new investors, and joined by South Central Ventures and Lead Ventures, which had already invested in previous rounds.

Originating from Slovenia, Leanpay is now present in Romania and Hungary and boasts 120 thousand satisfied customers, more than €200 million in consumer loans issued, and cooperation with over 1500 merchant partners, enabling consumers to pay in installments for a wide range of purchases. Last year alone, the company's revenue grew 2.5x, while since Series A, the company's revenue growth has been 4x.

Miša Živić, Leanpay co-founder & CEO, expressed his enthusiasm about the new funding:

"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."

Leanpay is renowned for its seamless user experience, setting it apart from traditional financing options. The platform offers an entirely digital experience, eliminating the need for bank visits or paper documentation. Shoppers enjoy the flexibility to check their credit limit before the purchase and choose their installment plan entirely online, making Leanpay a convenient and user-friendly choice.

Janko Medja, Leanpay co-founder and CBDO is proud of how Leanpay accelerates merchant partner revenues across different retail industries.

Source: Leanpay

"We have provided value to numerous merchants across a wide range of industries, from electronics and furniture to sports equipment, medical services, and much more. We work with some service providers where Leanpay is one of the top two payment methods, occasionally even the first one. When we implement our solutions with the partners, they can instantly reap the benefits. On top of that, we listen to shops' feedback to customize our approaches and innovate solutions, leading to even greater success for our partners."

Jure Mikuž, Managing Partner at South Central Ventures, remarked,

"Developing technologies, which enable traditional industries like consumer lending to get digitalized and more efficient, have always been the core of our strategy. Leanpay is a brilliant example of a company where we've found a perfect match of entrepreneurial ambition and industry expertise - all of which have been brought on board by the three co-founders. They are not looking to reinvent the wheel but rather to explore how to make the ride smoother. And by partnering with new investors, this ride should be even faster and more dominant in the markets Leanpay aims to conquer in the next couple of years."

Leanpay is one of the handful of regional companies that have completed a Series B funding round. This round marks a significant milestone in the company's journey, reinforcing its status as a leading BNPL and POS lender and setting the stage for future growth and expansion.

Source: Leanpay Secures €10M Series B Funding. (2024, July 30). Leanpay. Retrieved August 21, 2024, from website