Swedish Fintech Zaver Secures $5 Million Through Latest Funding Round

Zaver, a Sweden-based fintech that allows merchants to accept careless payments and offers buy now, pay later (BNPL), has reportedly secured $5 million through its new funding round, which involved participation from  Inbox Capital, Inventure, Fredrik Österberg, Magnus Rausing, Joen Bonnier, Fabian Hielte, and Max Hobohm and Johannes Hobohm,  Founded in 2016, Zaver stated it is building payment solutions that its team would like to use.

By connecting the offline world with the online one, our customers can increase their sales, reduce costs, and get rid of that old clumsy card reader.”

During an interview with TechCrunch, Amit Marandi, Co-Founder of Zaver, stated that since the launch of “Zaver for Business” a couple years ago, the company now has hundreds of millions of dollars in processing volume.

By durables, we mean goods (and services) that do not need to be purchased often, and typically last for a longer period of time e.g. automotive, a visit to the dentist clinic or kitchen renovation. [These] are often higher transaction value than ‘common’ retail products or services. Today, we have a product-market fit proving that the users are willing to leave old habits, and instead use their phone in order to pay for even larger items or services.”

Zaver previously raised $1.2 million through its seed funding round in 2019. The company is planning to use the latest funding round to continue the development and expansion of the Zaver platform.

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