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Paris, February 10th, 2022 – Only three years after its launch, Alma, the French financial platform offering installment payments and pay later solutions for merchants and consumers, has just completed a €210 million Series C financing round, of which €115M in equity and €95M in debt. Existing investors (Seaya Ventures, Cathay Innovation, Eurazeo, Bpifrance via its Large Venture fund, Picus Capital) participated, as well as new investors Tencent, GR Capital and Roosh Ventures. This round will help Alma accelerate the large scale delivery of their products and vision throughout the retail ecosystem in continental Europe.

Alma wants to reinvent the relationship between merchants and consumers: Alma enables the latter to buy what they really want and upgrade to higher-quality items, and the former to convert more customers and increase basket sizes. With more than 6,000 merchants of all industries using Alma, the company’s transaction volume has already exceeded 1 billion euros annually.

«We are creating the most trusted BNPL platform to swing the balance in favor of merchants and consumers» explains Louis Chatriot, co-founder and CEO of Alma, and continues: “We want to be part of consumers’ daily lives and help them shop better, not just more. We strive to be an efficient and sane alternative to traditional consumer credit. It’s equally important for us to improve our merchants’ economics by bringing them new customers in a balanced relationship quite opposite to what we see from large Internet platforms.


After its success in France, Alma continues its expansion to become the preferred BNPL alternative throughout Europe

This €210 million fundraising will allow Alma to facilitate access to BNPL solutions to more than 270m European consumers, throughout France, Germany, Italy, Spain and Belgium. In 2022, Alma is planning to open new markets especially the Netherlands, Luxembourg, Portugal, Ireland and Austria. This comes at a time when merchants have become fully aware that, by enabling installment and deferred payments, they can capture greater demand, in a market where competition and consumer expectations are continuously growing.

In 2021, Alma focused on expanding its product suite (launching in-store payment terminal-based installments, longer-term financing options, and B2B pay later), as well as kickstarting expansion efforts.

In 2022, Alma will focus on accelerating its international expansion, accompanying existing merchants on their operations abroad, as well as serving larger local merchants. The company has recently onboarded major French retailers and marketplaces as Alain Afflelou, Etam, Galeries Lafayette, Printemps or Ankorstore. In addition to this, Alma will continue to expand its product suite in particular with its consumer-focused payment application as well as scale existing products such as pay in up to 12 months and B2B payments.

With its expansion in Europe, Alma is doubling its size to support the growth and recently hired Stéphanie Combe, as Head of Finance, and Jonathan Trepo-Lantelme, as Chief Revenue Officer, to strengthen the team.

Aristotelis Xenofontos, Partner at Seaya Ventures, commented: “When we first invested in Alma in 2021, we were impressed by the talent of Louis, Guillaume and their team. And, having worked with them this year, we are even more excited to continue to support this exceptional team, and to take their technology and their brand to the next level, especially in different markets.“

Major achievements in only 3 years :

  • €180M raised in equity
  • More than 200 employees
  • Operating in 5 countries
  • 6,000 merchants
  • 1 billion euros transactions over a year