SeQura receives up to €150M of financing from Citi and further secures its continued growth
Retrieved on:
Tuesday, September 27, 2022
BARCELONA, Spain, Sept. 27, 2022 /PRNewswire/ -- 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.
Key Points:
- BARCELONA, Spain, Sept. 27, 2022 /PRNewswire/ -- 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.
- The new agreement significantly reduces SeQura's funding cost and will allow SeQura to further its investment into strategic and high-growth initiatives to support our mission of being the preferred partner to the merchants.
- The company has several thousands of merchants and offers all payment methods; "Pay Now", "Buy Now Pay Later" or "Pay in 3".