Scalapay is a buy now pay later app which was created in 2019, focused on merchants and increasing sales. As is traditional with buy now pay later apps, the company offers three interest repayments at no extra cost to the customer. The services funded by commission paid by merchants with the Scalapay BNPL service now available in 5000 physical stores and more than 3000 e-stores. The company reports an average 48% increase in order value for clients, enhanced cart conversion and a significant reduction in abandoned sales. Interestingly, over a three-month period, research shows that 65% of platform users return to either the e-commerce store or the physical store at which they used the buy now pay later service.
Company name: Scalapay
Website: https://www.scalapay.com/
Target market: Merchants
Founded: 2019
Founders: Johnny Mitrevski, Simone Mancini
Funds raised: $727m
Location: Milan, Lombardia, Italy
Type of company: Private
Status: Active
Contact email: info@scalapay.com
