Sofia-based BlackPeak Capital has announced its lead investment during a €10 million Series B funding round for Leanpay, Slovenia’s Buy-Now-Pay-Later (BNPL) and point-of-sale lending platform. The round was also co-led by Catalyst Romania and will allow Leanpay to expand its operations and strengthen its market position.
- Leanpay was founded in 2016 by Janko Medja, Misa Zivic, and Tilen Zugwitz, has over 120,000 users and 1,500 merchant partners. It develops Buy Now Pay Later 3.0, providing instalment payment solutions for vendors and consumers.
- The startup employs a team of 70, serves more than 120,000 customers and 1,500 merchants, and has issued around €103 million in loans across Serbia, Slovenia, Romania, and Hungary.
Investment details
- The investment was led by BlackPeak Capital, a Bulgarian private equity firm that invests in Southeast European startups like Bianor Holding, GenePlanet, and Pick&Pack.
- The firm currently manages two funds with a total of €150 million in assets. The round was also co-led by Catalyst Romania, a private equity and venture capital fund platform from Bucharest.
- BlackPeak Capital’s Managing Partner, Niklas Pichler, will join Leanpay’s board to guide the company in reaching its growth goals.
The shift in consumer behavior towards flexible payment methods like BNPL is increasingly influencing daily life for all generations as well as reshaping the e-commerce landscape, being pivotal for both businesses and customers alike. We are excited to partner with Leanpay, a Slovenian leader in responsible lending and a pioneer in the 3rd generation BNPL solutions in our region operating an asset-light model, — Niklas Pichler said.
This funding will allow Leanpay to expand its operations, launch new services, and recruit new talents to strengthen its market position.
