Tencent and Willoughby Capital led a $497m Series B round in Scalapay.

Tencent Capital and Willoughby Capital led a $497m Series B round in Scalapay, a payment solution provider, with participation from Tiger Global, Gangwal, Moore Capital, Deimos, and Fasanara Capital. "With interest-free installments, we transformed one of the most frustrating parts of the shopping experience, the payment, into something pleasurable. Now with Magic, we are going one step further and helping European merchants transform their entire checkout experience, leverage a large network of shoppers, and offer repeat-like purchase experiences which drive significant increases in conversion," Simone Mancini, Scalapay Co-Founder, and CEO.