The Spanish Buy Now, Pay Later (BNPL) provider SeQura has closed an agreement with Citi bank of up to €150 million.
Along with existing financial partner Chenavari, the agreement with Citi brings SeQura’s total financing potential up to €200 million.
The new facility comprising the agreement will increase the company's overall funding capacity and support SeQura's international expansion across Southern Europe, as well as the development and launch of new payment solutions, it said.
"We are delighted to enter into a new financing with Citi, one of the largest and most renowned banks in the world, which will support our focus on building a sustainable business model and enables us to continue to bring innovative payment solutions for both merchants and shoppers," said Markus Jennemyr, chief financial officer at SeQura.
Latest News
-
Pinterest signs $4bn AWS agreement to expand AI capabilities
-
Walmart brings in-store meal delivery service to app
-
Charles Tyrwhitt promotes chief operating officer to managing director
-
Amazon plots €10bn European logistics expansion
-
Lidl invests £250m in price cuts and mobile app
-
Howdens to acquire DIY Kitchens for £390m
From CapEx to AI: Understanding the evolving cost structure of retail technology
This Retail Systems webinar, sponsored by Aptos, brings together leading voices from across the retail technology ecosystem to examine how modern PoS has transformed the cost ownership model – and how the emergence of agentic commerce is poised to rewrite the rules once again.
Beyond Channels: Redefining retail with Unified Commerce
This Retail Systems fireside chat with Nikki Baird, Vice President, Strategy & Product at Aptos will explore how unified commerce strategies enable retailers to tear down these barriers and unlock new levels of operational agility and customer satisfaction.
© 2024 Perspective Publishing Privacy & Cookies
Recent Stories