Tencent reinvested in the buy now, pay later sector, backing Alma in a round consisting of $131m in equity and $108m in debt financing.
France-based buy now, pay later (BNPL) service Alma raised €210m ($239m) yesterday in a series C equity and debt round featuring internet group Tencent, highlighting the growing popularity of that model.
The round comprised approximately $131m in equity funding and $108m in debt and included BPIfrance’s Large Venture fund, Cathay Innovation, Seaya Ventures, Picus Capital, GR Capital and Roosh Ventures.
Alma provides a number of BNPL options both for consumers and business-to-business transactions, allowing for payments to be made across…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
