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Sequra Receives Up To €150M Of Financing From Citi And Further Secures Its Continued Growth

Sep 27, 2022almost 3 years ago

Amount Raised

€150 Million

BarcelonaPaymentsFintechFinancial ServicesE Commerce

Description

SeQura the leading BNPL and flexible payments platform in Spain and southern Europe, closed an asset-backed agreement with Citi of up to €150m of senior financing. Existing financing partner Chenavari, a specialized credit investor based in London, continues its support for SeQura, bringing the total financing potential up to €200m.

Company Information

Company

SeQura

Location

Barcelona, Catalonia, Spain

About

SeQura provides e-retailers with a solution to reduce consumer thresholds, improving conversion rates and raising average basket sizes while securing certainty of payment. At the same time, it provides comfort, security and flexibility to the online consumers. SeQura offers e-retailers easy access to invoice without having to bear excessive credit risk or taking on extensive financial administration – just by accessing a simple API. The SeQura initiative is headed by successful serial entrepreneurs and top Scandinavian e-commerce management with unmatched e-retail track record and extensive insight and experience of managing and starting online businesses in continental Europe.

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