Buy-now-pay-later on a Porsche? Zaver now has $30 million to make it a reality [TechCrunch]
BNP PARIBAS SPONS ADR (BNPQY)
NASDAQ:AMEX Investor Relations:
invest.bnpparibas.com/en
Company Research
Source: TechCrunch
The company has now closed a $10 million extension to its Series A funding round, bringing its total Series A to $20 million. Total investment to date stands at $30 million. In Europe, Zaver competes on BNPL with Klarna, PayPal, and incumbents such as Santander and BNP Paribas. However, Zaver's schtick is it claims it can assess the risk on BNPL cart sizes of up to €200,000 in real time due to its risk assessment algorithms. Other BNPL providers rarely fund anything beyond €3,000, at least in Europe. Founded by Amir Marandi and Linus Malmén in mid-2016, while both were students at the KTH Royal Institute of Technology in Stockholm, the company has a strategic alliance with the Nissan Group for direct-to-consumer sales in the Nordics, and client relationships with Volkswagen and Porsche. This allows customers to buy even a car on BNPL. Amir Marandi, CEO and founder told me the company is able to offer size-agnostic payment solutions because it's spent most of its product deve
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