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Announced

Poste Italiane to invest $27m in Scalapay.

Financials

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Transaction Value£21m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

Single Bidder

Minority

Friendly

Payments / Commerce

payment solutions

Italy

Private

Domestic

fintech

Synopsis

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Poste Italiane, a firm that operates in three main business segments, insurance services, financial services, and mail and parcel services, agreed to invest $27m in Scalapay, a European buy now-pay later provider. This funding is an extension of Scalapay's $497m Series B funding round, which was announced in February 2022. This funding will go towards the continued expansion and development of Scalapay's world-class team, product development, and brand building.

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