Congratulations to our fintech client Scalapay on closing its $497 million Series B financing round – making it the latest European unicorn. The round was led by Tencent and Willoughby Capital, with participation from Tiger Global, Gangwal, Moore Capital, Deimos and Fasanara Capital. Scalapay has raised over $700 million in funding to date.
Scalapay is a “buy now pay later” business and has developed a payment platform designed to make shopping convenient. The platform offers a payment method that allows customers to buy online and in-store and pay the purchase in three instalments without any additional interest, enabling customers with an easy and flexible payment method.
Orrick previously advised Scalapay on its Series A financing last year. The Orrick Milan and London-based team advising Scalapay was led by Attilio Mazzilli and Shawn Atkinson, and includes Stephen Tallon, Sidd Balani, James Badge, Marianna Meriani and Matthew Rose.