SeQura receives up to 150 million euros in financing from Citi and ensures its continued growth
Barcelona, September 27, 2022 . – SeQura , the leading BNPL and flexible payments platform. In Spain and Southern Europe, has clos a structur crit agreement of up to €150 million with Citi as preferr financier. The current financial partner, Chenavari , a London-bas specialist crit investor, continues to support SeQura, raising the total financing potential to €200 million.
This new facility will increase the company’s
Global financing capacity and support SeQura’s international list of egypt consumer email expansion in. Southern Europe, as well as the development and launch of new and innovative payment solutions. The agreement significantly ruces SeQura’s cost of financing and will allow it to continue investing in strategic and high-growth initiatives to support its mission of being the preferr partner for merchants.
We are delight to sign a new financing agreement with Citi, one of the largest and most recogniz banks in the world, which will support our focus on building a sustainable business model and allows us to continue providing innovative payment solutions for both merchants and buyers ,” explains Markus Jennemyr, CFO of SeQura.
In contrast to most venture-fund fintechs
And payment startups around the world, SeQura has how to plan seo campaigns for ecommerce in 2024 proven to have a sustainable and profitable business model in the flexible payments and BNPL sector. The company, which has been self-fund until the end of 2021. Has grown rapidly at an average of 100% per year over the past 5 years. And is expect to reach €100 million in revenue by the end of 2023.
The company’s mission to be the best partner for merchant growth becomes even more relevant in the current economic climate, where declining consumer disposable income is holding aleart news back e-commerce growth: “ One-size-fits-all BNPL solutions are not enough in this market; merchants – and shoppers – ne a diverse set of flexible payment solutions tailor to their industry and business. Our products go beyond the checkout and cover key touchpoints in the customer journey to further optimize merchants’ conversion rates and repeat purchases adds Markus .