in3, a Netherlands-based buy now – pay later (BNPL) provider has raised $85.5 million in equity and debt funding. The Series B funding round was provided by British VC Force over Mass, U.S. institutional asset manager Waterfall Asset Management LLC and Dutch investor Finch Capital. in3 recently raised its Series A round for $11.1 million bringing total investment to date to $96.4 million.
Hans Langenhuizen, CEO of in3 said they are thrilled to have secured the funding calling it a testament to the scale and growth of their BNPL proposition.
“We will be expanding further in the Netherlands through the partnership with Mollie and plan to launch in Germany soon. Over the past year, we have invested in our tech stack and team to prepare for the next phase of the business. The new funds will help us process transactions on a larger scale, both online and in the physical stores. We’re grateful to all our investors as we enter our growth phase.”
The partnership with Mollie, an online and in-person payment provider was announced today and now in3 will be an option for consumers. Mollie is said to support over 130,000 merchants. Langenhuizen called the partnership a significant opportunity for growth across the Netherlands.
Ken Serdons, Chief Commercial Officer of Mollie, said that consumers might not have the money to buy what they need right now and BNPL provides flexibility in a purchase decision:
“We are excited to partner with in3 to offer an alternative, interest-free BNPL payment method, where payment to our merchants is guaranteed. In addition, in3 also attaches great importance to the importance of localization by offering iDEAL, which is an important core value of Mollie. We look forward to exploring similar opportunities in Germany and other European countries together with in3.”