Scalapay raised $155 million in a round led by Tiger Global.

Scalapay, a Milan, Italy-based provider of a third-party payment solution that enables customers to buy now and pay later (BNPL) without interest, announced raising $155 million.

The deal, which was made at a $700 million valuation, was led by investors from Tiger Global, joined by new backers Baleen Capital and Woodson Capital also participating, alongside Fasanara Capital and Ithaca Investments.

Scalapay, founded in 2019 by CEO Simone Mancini and Johnny Mitrevski, provides a third-party payment solution that enables customers to buy now and pay later (BNPL) without interest and merchants to grow sales, acquire new customers, and provide a better customer experience. The company works with 3000 merchants in Europe, specifically Italy, France, Germany, Spain, Portugal, Finland, Belgium, Netherlands and Austria.

Scalapay previously raised $48M in January 2021.