Australia’s latest almost-unicorn: What is BNPL player Scalapay, and where did it come from?
Yet another Aussie BNPL has burst onto the scene, with Scalapay’s $210 million Series A valuing the newcomer at more than $1 billion.
Yet another Aussie buy-now, pay-later player has burst onto the scene, with a $210 million Series A raise valuing the newcomer at more than $1 billion.
While it is Aussie-born, Scalapay’s focus is actually on the other side of the world, and on the luxury retailers of Milan, Madrid, Paris and Porto.
The round was led by US giant Tiger Global, and also included backing from Baleen Capital and Woodson Capital.
They join existing investors Fasanara Capital and Ithaca Investments.
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