Paypo

PayPo is a Polish BNPL provider allowing customers to pay for their purchases within 30 days without any fees and the option to convert transactions into four installments after the initial 30 days have passed. The platform accepts 80%-90% of its loan applications and can be used for transactions up to PLN 1,000 (approximately USD 270). Revenue is generated from the interest differential on its installment loans, late payment interest fees of 11.2%, and merchant fees that range from 0%-15% of the transaction value. The company claims its default rate is around 3%.

As of May 2021, the platform had more than 400,000 active customers, and it was available across 5,000 stores, spanning almost 800 brands such as H&M, Decathlon, Sephora, Top Secret, and Moodo.

In November 2018, Alior Bank, the 10th largest financial group in Poland, made a strategic investment (to hold a 20% stake) in PayPo. PayPo was selected for Alior’s RBL_Start accelerator program in September 2018, where the idea for the investment originated. Alior Bank exited its investment in January 2021 through a management buyout.

In December 2019, the company revealed that it was profitable in Q3 2019, while revenue was expected to be PLN 3.2 million (approximately USD 830,000) the same year. Additionally, it announced that it aims to handle transactions amounting to PLN 500 million (approximately USD 136 million) and up. The company revealed its plans to expand to Central and Eastern Europe in the same month, specifically to the Czech Republic, Slovakia, Romania, or Hungary. In 2020, the platform was reported to have handled more than 3 million transactions and generated revenue of PLN 20 million (approximately USD 5 million).