BNPL Fintech in3 Secures $11.1m Series A from Finch Capital
Grace Mahas — March 10, 2022 — Business
in3, a leading Dutch buy-now-pay-later (BNPL) fintech brand, recently secured $11.1m funding in series A funding from Finch Capital.The company also announced the launch of a free BNPL services for consumers, starting in the Netherlands, through a new partnership with Worldline, a global digital payments leader.
With its payment service partners, in3 enables consumers to pay for purchases in three instalments at zero cost: no interest or transaction fees and no credit registration. Kwik Fit, EP, La Souris, Matt Sleeps, and Dekbed-Discounter are current customers. In3's partnership with WorldLine will allow both online and offline merchants that are part of the Worldline network to offer BNPL payment services to their customers without having to implement additional integrations.
Erwin Oudshoorn, Manager Direct Sales Netherlands: “BNPL is a tremendous value add for merchants in today’s uncertain times and we are thrilled to work with the team at in3 to expand our service offerings.”
Image Credit: in3
With its payment service partners, in3 enables consumers to pay for purchases in three instalments at zero cost: no interest or transaction fees and no credit registration. Kwik Fit, EP, La Souris, Matt Sleeps, and Dekbed-Discounter are current customers. In3's partnership with WorldLine will allow both online and offline merchants that are part of the Worldline network to offer BNPL payment services to their customers without having to implement additional integrations.
Erwin Oudshoorn, Manager Direct Sales Netherlands: “BNPL is a tremendous value add for merchants in today’s uncertain times and we are thrilled to work with the team at in3 to expand our service offerings.”
Image Credit: in3
Trend Themes
1. Dutch BNPL Fintech - Dutch BNPL fintech startups are disrupting the traditional lending industry.
2. Zero-cost BNPL - Zero-cost BNPL services are a growing trend in fintech, enabling consumers to purchase without the burden of high interest rates.
3. Fintech Partnership - Fintech partnerships are on the rise, allowing for easy integration of new payment services.
Industry Implications
1. Fintech - Fintech is a growing industry, offering innovative payment solutions to businesses and consumers alike.
2. Retail - The retail industry can benefit greatly from BNPL services, providing more payment options for customers and potentially increasing sales.
3. Payment Processing - Companies in the payment processing industry can benefit from partnering with BNPL fintech startups, giving them a competitive edge in offering new payment solutions.
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