BNPL-Fintech Billink has raised $29.5 million in funding from German bank Varengold to expand its services to the top 50 largest online retailers in the Benelux region and enter the German market. The Netherlands-based buy now, pay later (BNPL) provider has already gained 3 million users since its first BNPL transaction in 2012, with over 3,000 web shops offering its payment service. The funding will be used to develop Billink Check-out 2.0, an AI-powered application that aims to optimize the customer experience and help web shop owners improve conversion rates. Billink aims to bring the same level of assurance seen in offline transactions to online purchasing.
BNPL-Fintech Billink secures €29.5 million for fairer online purchases.
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