The Kafene BNPL app was built to complement the FinTech company’s existing lease to own business model. In just less than five minutes, clients can sign up to the buy now pay later app and stagger their payments. While the company is focusing on industries such as furniture, appliances and electronics, in reality this can be used across any business. Kafene already operates cutting-edge technology in areas such as payment processing, servicing and underwriting. These existing services offer firm foundations as the company looks to expand on is by now pay later operations.
Situated in the US, there is some feedback from US companies but this is a technology which can easily be rolled out across the globe. While relatively new to the party, having joined in 2019, so far the company has raised $122 million and is certainly becoming more established.
Company name: Kafene
Website: http://www.kafene.com/
Target market: Merchants
Founded: 2019
Founders: Neal Desai
Funds raised: $122m
Location: New York, New York, United States
Type of company: Private
Status: Active
Contact email: marketing@kafene.com
