Mexico City based BNPL startup focused on B2B raised $6.5m in new funding led by Portage.
Most companies selling to small- and medium-sized businesses need to offer point of sale financing, or ‘net terms,’ to be competitive. Moreover, there are currently no viable options to outsource this function. Lastly, fast and flexible payment terms at the point of sale lead to higher average order values and higher overall sales — much like with BNPL in the consumer segment.