Leanpay, a trailblazer in the Buy Now Pay Later (BNPL) and Point-of-Sale (POS) lending sector, has announced the completion of a €10m Series B funding round.
The round was spearheaded by BlackPeak Capital, a prominent growth equity firm in Southeast Europe. Other notable participants included Catalyst Romania Fund II, joining new investors alongside South Central Ventures and Lead Ventures, who had previously invested in Leanpay.
Originating in Slovenia, Leanpay has expanded its operations across Romania and Hungary, servicing over 120 thousand satisfied customers. To date, the company has issued more than €200m in consumer loans and collaborates with over 1,500 merchant partners. This allows consumers to conveniently pay in installments for diverse purchases. The past year has seen Leanpay’s revenue surge by 2.5 times, and since its Series A funding, revenue growth has quadrupled.
Leanpay is celebrated for its seamless user experience, which markedly contrasts with traditional financing methods. The platform offers a fully digital journey, eliminating the need for physical bank visits or cumbersome paperwork. Shoppers can ascertain their credit limits before purchases and select their installment plans online, enhancing convenience and user-friendliness.
Miša Živić, Leanpay co-founder & CEO, shared his enthusiasm about the new funding, stating, “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.”
Tilen Zugwitz, Leanpay co-founder and CFO, added, “This investment will improve Leanpay’s capital structure and decrease overall financial risk. Additional funds will enable greater investment potential and strengthen the financial stability of all companies in the Leanpay group.”
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