Scalapay

Scalapay is Italy's leading Buy Now Pay Later fintech, enabling shoppers to split purchases into three interest-free installments both online and in-store. Founded in 2019 by Simone Mancini and Raffaele Terrone, the Milan-based company operates across nine European countries and partners with over 1,500 merchants, reporting a 48% increase in average basket size for retailers. Backed by Tiger Global, Tencent, and Poste Italiane with $783 million raised in total including a $497 million Series B in 2022, Scalapay reached unicorn status and received €70 million in EIB debt financing — the EU bank's first direct financing to an Italian scale-up.