Whoa, is the b2b buy-now-pay-later space in Europe hot, or what?
The spectatular draw down in valuations of tech companies (and fintech companies) is happening. Klarna - the most valuable fintech startup from Europe had to notoriously slash down its valuation by 85%, when it was forced to raise fresh capital in 2022 at a new valuation point of $6.7 billion.
It might come as a surprise then that one of the hottest fintech verticals in Europe in 2022 is another incarnation of the ‘buy now pay later’ (BNLP) formula. This time - in the b2b domain.
Why is that the case? Simply put - b2b payments and b2b lending are an absolutely massive opportunity space. There are currently 11 startups building in this space in Europe and so far; they have collectively raised almost 400 million EUR to do that.
There are several themes emerging with these companies:
digitazing traditional b2b trade financing and factoring
digitazing traditional payment pathways (i.e. financing the delayed replacing payment which occurs in an invoice-based transaction)
embedding these propositions into ecommerce checkouts, marketplaces and platforms
exploring specialized (yet still big markets) use-cases such as hardware provisioning or import-export financing
Without further ado; Here are 11 European startups building in the b2b bnpl space:
1 🇩🇪 Billie
raised: 129.7 mil. EUR
Notable Investors: Speedinvest, Creandum, Picus Capital, Global Founders
Billie is a fintech startup that provides Buy Now, Pay Later payment methods for the B2B market.
2🇬🇧 Playter
raised: 58.4 mil. USD
Notable Investors: Fasanara Capital
Playter is funding the community of startups and scaleups by helping them convert any invoice into Buy Now, Pay Later.
3 🇩🇪 Mondu
raised 56.9 mil. EUR
Notable Investors: Cherry Ventures
Mondu is a B2B payment fintech company
4 🇬🇧 Hokodo
raised 56.9 mil. USD
Notable Investors: Notion Capital, Mosaic Ventures, Anthemis Hokodo is a provider of buy now, pay later solutions for e-commerce and B2B merchants.
5 🇩🇪 Topi
raised 49.5 mil. USD
Notable Investors: Index Ventures, Creandum
topi offers a B2B subscription platform that allows retailers and manufacturers to rent out their equipment to other businesses.
6🇫🇷 DeFacto
raised: 21 mil. EUR
Notable Investors: Northzone
Defacto is a fintech firm that offers credit infrastructure using an API for small and medium companies.
7 🇸🇪 Treyd
Raised 12.3 mil. EUR
Notable Investors: Antler, J12 Ventures
Procurement finance for fast-growing brands. Sell first, Pay Suppliers Later
8 🇳🇱 Sprinque
Raised 1.8 mil. EUR
Notable Investors: Force Over Mass, Volta Ventures
Sprinque is a B2B checkout platform for merchants & marketplaces.
9 🇬🇧 Tranch
Raised: 4.3 mil. EUR
Notable Investors: Y Combinator, Global Founders Capital
Tranch enables B2B SaaS and Services companies to give their customers flexible payment options with 3 to 12 month terms
10🇭🇺 PastPay
Raised: 1.1. mil. EUR
Notable Investors: Hi Ventures,365.fintech
PastPay is a B2B BNPL and digital factoring provider active in the CEE region.
11 🇩🇪 Tilta
Tilta is the next-gen collateralised SME buy-now-pay-later solution for B2B platforms and marketplaces.
Note: data on fundraised amounts comes from Crunchbase.