Scalapay Raises $155 Million in Series A Funding Round at $700 Million Valuation

Italy-based third party payment solutions provider, Scalapay announced that it has raised $155 million in Series A funding round, boosting its valuation to $700 million. 

The latest funding round was led by Tiger Global with participation from Baleen Capital, Woodson Capital, Fasanara Capital and Ithaca Investments.

As detailed in the official announcement, Scalapay will utilise the new funds to grow its team and operations. Additionally, the new funding will help scale internationally and launch new products to support merchants in luxury, fashion, and travel.

"We are giving customers the ability to enjoy the small pleasures in life without needing to compromise; a favorite fragrance, dress or romantic weekend," said Simone Mancini, Co-Founder and CEO of Scalapay. "This has become especially important over the past year as many of us rethink what's important. We want to bring the Italian concept of dolce vita and slowing down to enjoy the small things in life - to the rest of the world, via our partners."