Scalapay, an Italian buy now, pay later (BNPL) provider, has secured €70M in EIB scale-up debt to fund BNPL product expansion and deepen its presence across European markets, marking the first such facility granted to an Italian unicorn. The deal reflects institutional confidence in BNPL platforms that have reached scale, regulatory maturity, and repeat user adoption, shifting funding from equity-heavy growth to structured debt. Strategically, it signals Europe’s push to back late-stage fintech infrastructure as a pre-IPO growth engine under the EIB’s broader TechEU innovation mandate.

Scalapay Secures €70m Debt Financing Agreement With EIB to Scale BNPL Offering