French FinTech Alma has raised €49mn in its Series B round.
Alma offers solutions for installment and deferred payments to merchants and consumers.
The round included Idinvest and Cathay Innovation.
Alma’s most recent feature is a “pay later” option where it pays the merchant upfront, and the customer can pay two weeks to a month later.
What does this mean?
With payment solutions, and particularly buy now, pay later, booming over the past year or so, Alma will use the fresh funds to triple its workforce and expand its service to more merchants. It aims to design new products, build B2B partnerships and grow both in France and beyond.