The Dutch player BNPL in3 raised 11.1 million dollars and closed deal with Wordline
The BNPL company from the Netherlands allows payments in 3 parts, as the name says, while it is going to expand the provision of its services to members of the Wordline network
The Dutch buy now, pay later in3 raised 11.1 million dollars funding and struck a deal with payments firm Worldline to bring its services to more merchants.
In3 was established in 2018 by a team that had been a part of the early BNPL wave in the 2010s. It allows customers to pay for goods over three payments within 60 days with zero per cent interest and without credit registration.
According to the company, revenue has increased 300% year-on-year since launch, with partner merchants such as Kwik Fit, EP, La Souris, Matt sleeps and Dekbed-Discounter signed up.
Through the partnership with Worldline, in3 will provide a technology stack that will allow both online and offline merchants, who are part of the Worldline network, to offer BNPL services.
Meanwhile, the 11.1 million dollars funding from Finch Capital will be used to further build out the technology platform and proceed to strategic hiring across the company.