Affirm, a US-based payment network, will acquire Ratepay from Milan-based digital payments group Nexi.
Following the change of ownership, Ratepay aims to offer a complete range of buy now, pay later (BNPL) products, including instalment payments.
Based in Germany, Ratepay provides payment services to merchants in Germany, Austria and Switzerland.
Its main product is pay by invoice, known in German as Rechnungskauf.
As part of the transaction, the two companies signed a memorandum of understanding.
The agreement covers plans to expand their existing partnership in the DACH region and to identify new business opportunities together.
For Nexi, the sale forms part of a strategy focused on core activities and an optimised portfolio.
“The new ownership will better enable Ratepay to strengthen its BNPL offering to the benefit of its customers and us as a partner,”
said Bernardo Mingrone, CEO at Nexi Group.
“This will allow us to combine our local market expertise in Germany, Austria and Switzerland with Affirm’s global reach, technology and expertise in credit and risk assessment,”
said Sabrina Flunkert, CEO at Ratepay.
After the deal closes, Nexi will provide transitional support to Ratepay and Affirm, including specialist on-the-ground support and technology expertise.
Completion of the transaction is subject to customary regulatory approvals, which are expected in the first half of 2027.
Featured image: Edited by Fintech News Switzerland, based on image by toia via Magnific.
