Leanpay, the Buy Now Pay Later (BNPL) and Point-of-Sale (POS) lending platform announced the successful completion of its Series B funding round, securing a total investment of €10 million. This investment round was led by BlackPeak Capital, a leading growth equity firm in Southeast Europe, followed by Catalyst Romania Fund II, both new investors, joined by South Central Ventures and Lead Ventures, which had already invested in previous rounds.
Originating from Slovenia, Leanpay is now present in Romania and Hungary and boasts 120 thousand satisfied customers, more than €200 million in consumer loans issued, and cooperation with over 1500 merchant partners, enabling consumers to pay in installments for a wide range of purchases. Last year alone, the company’s revenue grew 2.5x, while since Series A, the company’s revenue growth has been 4x.
Miša Živić, Leanpay co-founder & CEO, expressed his enthusiasm about the new funding: “This investment is a testament to our team’s hard work and commitment to delivering a superior user experience. It will enable us to solidify our market leadership in Slovenia, scale our operations in Romania and Hungary, continue to roll out innovative services, and attract top talent to our growing team to become the digital consumer lending champion in the Central & Eastern European region.”
Janko Medja, Leanpay co-founder and CBDO is proud of how Leanpay accelerates merchant partner revenues across different retail industries. “We have provided value to numerous merchants across a wide range of industries, from electronics and furniture to sports equipment, medical services, and much more. We work with some service providers where Leanpay is one of the top two payment methods, occasionally even the first one. When we implement our solutions with the partners, they can instantly reap the benefits. On top of that, we listen to shops’ feedback to customize our approaches and innovate solutions, leading to even greater success for our partners.”
“This investment will improve Leanpay’s capital structure and decrease overall financial risk. Additional funds will enable greater investment potential and strengthen the financial stability of all companies in the Leanpay group,” stated Tilen Zugwitz, Leanpay co-founder and CFO.
Niklas Pichler, Managing Partner at BlackPeak Capital and instrumental in the success of this transaction, will join Leanpay’s board to bolster the company in achieving its growth objectives. “The shift in consumer behavior towards flexible payment methods like BNPL is increasingly influencing daily life for all generations and reshaping the e-commerce landscape, which is pivotal for both businesses and customers alike. We are excited to partner with Leanpay, a Slovenian leader in responsible POS lending and a pioneer in the 3rd generation of BNPL solutions in our region operating an asset-light model”, said Niklas Pichler. “Covering an interesting niche within the lending industry, we are confident that the company, with our support, will achieve its full potential and significantly impact the market,” he added.
“We are seeing great potential for Leanpay in our region, and it was a natural move for Catalyst to participate in this investment round, especially since we can help create significant additional value in the company in one of the key markets of Eastern Europe, Romania. We have specific expertise in the team, we have the local network, and we can bring together multi-channel opportunities for Leanpay here, as we have already started to do, in the months leading up to the investment”, said Marius Ghenea, Managing Partner at Catalyst Romania.
Jure Mikuž, Managing Partner at South Central Ventures, remarked, “Developing technologies, which enable traditional industries like consumer lending to get digitalized and more efficient, have always been the core of our strategy. Leanpay is a brilliant example of a company where we’ve found a perfect match of entrepreneurial ambition and industry expertise – all of which have been brought on board by the three co-founders. They are not looking to reinvent the wheel but rather to explore how to make the ride smoother. And by partnering with new investors, this ride should be even faster and more dominant in the markets Leanpay aims to conquer in the next couple of years.”
Balázs Haszonics, Partner at Lead Ventures, reaffirmed their support for Leanpay, which aligns perfectly with Lead Ventures’ investment thesis. “The success of this Series B funding round, joined by prestigious investors, underscores our belief in Leanpay’s robust business model and ability to grow and innovate in digital consumer lending space rapidly. We recognize the exceptional founding team with great respect, whose vision and dedication have driven Leanpay’s impressive growth and market presence, and we confidently see significant further expansion opportunities. Leanpay’s growth trajectory and strategic vision make them a standout leader in the CEE region, and we are excited to be part of their journey towards market dominance.”
Leanpay is one of the handful of regional companies that have completed a Series B funding round.
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