Italian fintech Scalapay, recently valued at over $1bn, plans to launch its comprehensive services in Ireland and open an office in Dublin.
Scalapay is buy now, pay later Service that allows buyers to pay for goods in installments.
Earlier this month, the company raised $497 million to expand its presence across Europe.
Chief Executive Simone Mancini said the company already has a presence in Ireland, with its Dublin-based COO Arlene Reynolds, but it will expand its bridgehead here.
“Ireland is also where our board is based. Although only a few people are currently being hired in Dublin, we plan to expand the operations and finance teams and all roles,” he said.
“We are currently looking for a larger office that can accommodate the new number of employees.”
Mancini has not given the number of employees for the Irish operations but said the Milan-headquartered company as a whole plans to have around 400 employees by the end of the year.
“Our main markets are currently Italy, followed by France, Spain, Portugal and Germany. We are actively looking for new markets to further improve the customer and dealer experience, including Ireland.”
Irish merchants are currently able to sell products in tiered payments to the markets where Scalapay already operates, but it is not yet available to Irish shoppers.
Scalapay will enter a teeming market for Buy Now Pay Later services in Ireland.
Industry leader Klarna, Europe’s largest fintech company, started here late last year and Humm has had a presence for a number of years.
Meanwhile, other European space players are making plans for a launch in Ireland.
British company Zilch plans to enter the Irish market soon as part of a broader European launch, while Dutch company In3, which raised $11.1 million in a Series A round this month, said Ireland was ” on the radar”.
https://www.independent.ie/business/world/buy-now-pay-later-firm-scalapay-to-develop-presence-in-ireland-41489100.html Buy now, pay later Scalapay company to establish a presence in Ireland