BNPL fintech ChargeAfter raises $44m

ChargeAfter's new funding follows a strategic investment and partnership with Visa, bringing the company's total amount raised to $60 million

Buy now, pay later (BNPL) fintech ChargeAfter has completed a $44 million series B funding round.

The Phoenix led the series B round, with participation from Citi Ventures, Banco Bradesco, Mitsubishi UFJ Financial Group, and existing investors.

ChargeAfter’s new funding follows a strategic investment and partnership with Visa, bringing the company’s total amount raised to $60 million.

The New York-, California- and Tel Aviv-based fintech operates a BNPL consumer financing network that provides shoppers with access to credit from multiple lenders with a single application at the point of sale, as well as bespoke whitelabelled BNPL platform services for global banks and financial institutions.

Meidad Sharon, chief executive officer and founder of ChargeAfter, said the investment will enable the fintech “to accelerate growth and further diversify our global lender and merchant networks”, while “scaling strategic partnerships by providing leading banks, lenders, financial institutions, and industry partners a turnkey whitelabel BNPL platform of their own”.

Image: ChargeAfter

Mark Dugdale