Greek buy-now-pay-later (BNPL) startup Finloup has raised €1M in a pre-seed round to fuel both product and business development. The investment is led by local early-stage fund Velocity.Partners and joined by TECS Capital, Everypay, and a number of business angels.
Since launching in 2020, Finloup, which is on a mission to bring more affordable credit options to consumers, has already completed partnerships with 21 merchants in Greece, including Funky Buddha, one of the biggest fashion brands in the country. With the new capital, the team will be aiming to onboard at least 200 businesses within the next 12-18 months and test the waters in neighboring markets in Southeast Europe.