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Italian BNPL provider Scalapay acquires Italian payment company Cabel IP
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Mar 7, 2023
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Mar 7, 2023

Italian BNPL provider Scalapay acquires Italian payment company Cabel IP

M&A

  • Italian BNPL provider Scalapay announced its acquisition of Italian payment company Cabel IP for an undisclosed amount.

  • The acquisition will enable Scalapay to accelerate its growth in Europe and launch new products and services, as well as allow merchants to integrate Scalapay via their payment service provider. Cabel IP will be renamed Scalapay IP, with Scalapay being the sole shareholder of the company.

  • The acquisition of Cabel IP follows the company’s expansion into Germany and other European markets in 2021 . Scalapay has experienced rapid growth since its establishment in 2019 and achieved unicorn status in 2022.

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