Spanish BNPL provider receives €150m investment

The Spanish Buy Now, Pay Later (BNPL) provider SeQura has closed an agreement with Citi bank of up to €150 million.

Along with existing financial partner Chenavari, the agreement with Citi brings SeQura’s total financing potential up to €200 million.

The new facility comprising the agreement will increase the company's overall funding capacity and support SeQura's international expansion across Southern Europe, as well as the development and launch of new payment solutions, it said.

"We are delighted to enter into a new financing with Citi, one of the largest and most renowned banks in the world, which will support our focus on building a sustainable business model and enables us to continue to bring innovative payment solutions for both merchants and shoppers," said Markus Jennemyr, chief financial officer at SeQura.

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