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Buy now, pay later on a Porsche? Zaver now has $30M to make it a reality
We last checked in on Zaver, a Swedish B2C Buy-Now-Pay-Later (BNPL) provider in Europe, when it raised a $5 million funding round in 2021. The company has
Founded by Amir Marandi and Linus Malmén in mid-2016, while both were students at the KTH Royal Institute of Technology in Stockholm, the company has a strategic alliance with the Nissan Group for direct-to-consumer sales in the Nordics, and client relationships with Volkswagen and Porsche. Amir Marandi, CEO and founder told me the company is able to offer size-agnostic payment solutions because it’s spent most of its product development not “on linear regression models (like the others) but on advanced risk assessment algorithms.” This shift first appeared in 2012 when Elon Musk proposed selling a Tesla online, and now today many OEMs are attempting to go ‘direct-to-consumer’ using BNPL.
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