“Can Scalapay become the default BNPL rail embedded across Southern European retail both online and in-store, while scaling its card-issuing infrastructure via Marqeta to unlock new merchant verticals?”
Founded in 2019 as a pure-play Buy Now, Pay Later platform targeting Europe's underdeveloped installment credit market, Scalapay grew rapidly in Southern Europe (Italy, France, Spain, Portugal) by offering zero-interest Pay-in-3/Pay-in-4 to consumers while paying merchants immediately. It expanded from online-only to in-store via the Marqeta virtual card partnership in 2023, and deepened its credit stack with institutional financing from the EIB in 2024–2025. The Lendismart partnership in 2025 signals a push to embed Scalapay as a rail within third-party POS lending platforms rather than only operating its own checkout widget.
Scalapay discloses Marqeta as its banking provider, according to the Embedded Finance Index 2026.
Scalapay does not disclose a bank charter of its own; its banking services are provided through Marqeta.
Scalapay's cards are issued through Marqeta.
Scalapay uses Jumio for KYC and identity verification.
The Embedded Finance Index 2026 maps 4 layers in Scalapay's stack: Banking / BaaS (Marqeta); Card issuing (Marqeta); Lending (Pay-in-3 installments, Pay-in-4 installments and In-store BNPL (via Lendismart POS integration)); KYC (Jumio).
Scalapay was founded by Simone Mancini and Johnny Mitrevski and is founded in 2019, headquartered in Milan, Italy (with offices in Paris, Monaco, Sydney).
Scalapay has raised $727M+ in total (latest round: Debt Financing, October 2024).
Get a read on where your own stack stands against Scalapay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.