Klarna’s Spanish clone SeQura raises €150M to bring its BNPL service to global markets.
The Barcelona-based organization SeQura has committed to an executive facility agreement worth up to €150 million with Citi. Chenavari, a special financial ownership stake based in London, joined the round as a traditional financing companion. SeQura’s net financial capacity has increased to €200 million as a result of this fundraising round.
The financial innovation has been crowdfunded until about the end of 2021 and has developed at an estimate of 100% per year during the last 5 years, with an income strike rate of €100 million proposed by the end of 2023.
The new structure will boost SeQura’s overall investment capabilities and help it widen across Southern Europe. It will additionally assist the business in the creation and deployment of new and inventive payment systems.
SeQura believes that purchasing digitally ought to be as simple as it has traditionally been in person. SeQura offers e-retailers an alternative for lowering consumption tolerances, increasing lead generation, and increasing average order sizes while ensuring disbursement certitude.
At the same time, it seems to provide internet-based customers with simplicity, protection, and versatility. SeQura provides e-retailers with convenient access to invoices without trying to take on inordinate default risk or significant financial management – all through a simple API. Citi recently completed an asset-backed arrangement for up to €150 million in executive funding.
SeQura Rundown
David Bäckström, David Vrensk, Iván Parraga, Joaquim Ferrer, and Luis Miguel Oyaga originally established SeQura in 2013. The headquarters of the company are in the European Union (EU). Its most recent source of funding was financial leverage. It is a for-profit corporation with a direct cause status.
It has dominance in the following areas: E-Commerce, Investment Management, Financial Technology, Smartphone Payouts, and Payments.
Purchase With Complete Confidence
Cost transparency
They express themselves plainly and unequivocally. Transparent and genuine pricing enables you to make an informed purchase.
Your information is secure.
They do not disclose them to anyone. You can repurpose them in your next transactions without needing to do anything.
Buyer Security
If you are dissatisfied with the product you obtained, they will try to negotiate a reimbursement with the retail outlet on your behalf.
Select A Payment Method
Divide it into three parts for free.
There will be three equal financial transactions with no extra fees. The wiser idea is to shop.
at your personal speed
Choose the amount of time that works best for you, ranging from 3 to 24 months. Enjoy complete freedom.
First and foremost, obtain it.
You’re not sure if you’ll like this one? Don’t you remember where the store is? Purchase it first, then accept and charge for it within 7 days. There is no additional expense.
SeQura Purchase Procedures And Locations
Simply make your usual purchase at one of the retail locations with which they collaborate. Add the items to your shopping cart and proceed to the payment page. You can discover one or several of their payment options among the various modes of compensation offered at the store.
Their framework will access the means of payment you selected, allowing you to view all of the payment details. Simply adhere to the instructions until you have finished your purchase, and you’re done! They will keep you informed of the progress of the payout via email at all times.
You can discover the retail locations they collaborate with by using their search function. They would also add more every single day until they achieved the over 4,000 shops and facilities in which they are currently stationed.
Funding
SeQura has received $144.9 million in investment over two rounds. Their most recent budget comes from a convertible debt round on September 27, 2022. SeQura is backed by three venture capitalists. The most subsequent shareholders are Chenavari Investment Firms and Citi. as per citi led chenavariprnewswire
Conclusion
SeQura believes that purchasing digitally ought to be as simple as it has traditionally been in person. At the same time, it seems to provide internet based customers with simplicity, protection, and versatility. Transparent and genuine pricing enables you to make an informed purchase. They do not disclose them to anyone.
There will be three equal financial transactions with no extra fees. Choose the amount of time that works best for you, ranging from 3 to 24 months. SeQura has received $144.9 million in investment over two rounds.
SeQura is backed by three venture capitalists. The Barcelona-based organization has committed to an executive facility agreement worth up to €150 million with Citi.
FAQs
SeQura offers e-retailers an alternative for lowering consumption tolerances, increasing lead generation, and increasing average order sizes while ensuring disbursement certitude.
SeQura believes that purchasing digitally ought to be as simple as it has traditionally been in person.
David Bäckström, David Vrensk, Iván Parraga, Joaquim Ferrer, and Luis Miguel Oyaga originally established SeQura in 2013.
The headquarters of the company are in the European Union (EU).
SeQura has received $144.9 million in investment over two rounds.
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