PastPay, based in Budapest, specializes in providing B2B buy-now, pay-later services. Their flexible factoring solutions allow businesses to convert invoices into immediate cash, streamlining cash flow.
The B2B BNPL market is experiencing rapid growth due to the increasing digitalization of payments, particularly benefiting small and medium-sized enterprises that struggle with cash flow issues.
Benjamin Berényi, CEO of PastPay, emphasized the importance of bringing embedded finance solutions to invoicing systems, revealing the challenges of a lengthy sales cycle yet the positive outlook in B2B e-commerce.
The Series A funding for PastPay was a challenge, particularly after the onset of the war in 2022, but effective discussions resumed in 2023, resulting in significant financial backing.
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