What is Alma?
Alma provides merchants with innovative installment payment and pay-later solutions designed to enhance sales and elevate customer satisfaction. The core value proposition lies in its ability to guarantee immediate payment to merchants, thereby mitigating risk, while offering customers flexible payment terms over time. This model positions Alma as a key enabler for businesses looking to optimize their checkout processes and improve conversion rates in an increasingly digital commerce environment. The company's focus on a seamless integration and a robust payment guarantee system supports its mission to empower merchants with advanced financial tools.
How much funding has Alma raised?
Alma has raised a total of $306.4M across 4 funding rounds:
Series A
$8M
Series B
$59.4M
Debt
$109M
Series C
$130M
Series A (2019): $8M with participation from First Round Capital, Sound Ventures, Tusk Venture Partners, and Box Group
Series B (2021): $59.4M led by Idinvest Partners, Seaya Ventures, Bpifrance, Picus Capital GmbH, and Cathay Innovation
Debt (2022): $109M supported by Eurazeo, Cathay Innovation, and Bpifrance
Series C (2022): $130M featuring Cathay Innovation, Eurazeo, and Bpifrance
Key Investors in Alma
Eurazeo
Eurazeo is a leading global investment company with a strong presence in private equity and venture capital, supporting companies of all sizes in their development with deep sector expertise and a gateway to global markets.
Cathay Innovation
Cathay Innovation is a global venture capital firm that invests in multi-stage startups making a positive impact through technology, focusing on sectors like AI and healthcare, and connecting entrepreneurs to a worldwide ecosystem.
Bpifrance
Bpifrance finances companies at every stage of their development with credit, guarantees, and equity, supporting innovation projects and international expansion for French businesses.
What's next for Alma?
With substantial backing and a clear strategic direction, Alma is poised for continued expansion and product development. The recent major strategic investment suggests a focus on scaling operations, potentially entering new markets, or further enhancing its technological infrastructure. Future initiatives may involve deepening partnerships with enterprise-level merchants, refining its risk assessment models, and exploring new payment modalities to stay ahead of market trends. The company's trajectory indicates a strong emphasis on solidifying its position as a leader in the European BNPL market and potentially beyond, leveraging its financing to drive innovation and customer acquisition.
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