PastPay, a Hungarian B2B BNPL startup, raised $13.3 million in Series A funding.
The company offers flexible payment terms to merchants through factoring to improve liquidity.
AdvertisementPastPay, a Hungarian startup that offers businesses buy-now, pay-later services for invoices, has raised $13.3 million in Series A funding.
Companies typically provide invoices for services, but payment timelines can be tricky, with windows of 15 to 90 days for transfers.
Once merchants are approved, PastPay says it provides cash to businesses awaiting invoice payments within 24 hours — minus charges.
Persons:
—, PastPay
Organizations:
SME, Service, Business
Locations:
Hungarian, Budapest