Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Kuvi.ai introduces the private beta of its agency financing system

August 2, 2025

The new legislation provides AI testing facilities for U.S. financial organizations.

August 2, 2025

Daloopa secures $13 million in strategic funding to advance the future of AI in finance.

August 2, 2025

Reinstating Trust in Cryptocurrency: The Significance of Reliable Information

August 2, 2025
Facebook X (Twitter) Instagram
Trending
  • Kuvi.ai introduces the private beta of its agency financing system
  • The new legislation provides AI testing facilities for U.S. financial organizations.
  • Daloopa secures $13 million in strategic funding to advance the future of AI in finance.
  • Reinstating Trust in Cryptocurrency: The Significance of Reliable Information
  • Revolutionizing Birth Control Access: How a Startup is Utilizing Fintech to Offer $16 Care to Millions on Medicaid
  • The King, Crisis, and Future Prospects for 2025
  • AI turns AR teams into financial superheroes.
  • Encourage regulatory advancements in Fintech for accelerated growth – FF News
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    As profits increase, PB Fintech makes another move into common funds.

    August 1, 2025

    The integration of AI is advancing within Israel’s fintech sector.

    July 31, 2025

    The Journey of Sofi: Transitioning from Student Loans to Fintech Dominance

    July 25, 2025

    This Week in Fintech: Biweekly News Summary for June 24

    July 19, 2025

    Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

    July 15, 2025
  • AI

    Kuvi.ai introduces the private beta of its agency financing system

    August 2, 2025

    The new legislation provides AI testing facilities for U.S. financial organizations.

    August 2, 2025

    Daloopa secures $13 million in strategic funding to advance the future of AI in finance.

    August 2, 2025

    The King, Crisis, and Future Prospects for 2025

    August 2, 2025

    AI turns AR teams into financial superheroes.

    August 2, 2025
  • Acquisitions

    The funding strategy for the Fintech company is secured.

    July 31, 2025

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025
  • Trends

    GCC Fintech Market Forecasted to Grow at a CAGR of 15.68% from 2025 to 2033

    August 1, 2025

    Fintech algoquant hits a 52-week peak amid broader market trends.

    July 31, 2025

    Exploring the Challenges of a Unsuccessful Proposal in a Turbulent Fintech Environment

    July 29, 2025

    European fintech company Tractial boosts its Bitcoin holdings to 25.03 BTC, highlighting trends in institutional cryptocurrency adoption.

    July 24, 2025

    Impacts of Q2 2025 Success for QCR Holdings Compared to Revenue Shortfall: A Disconnect in the Fintech Sector

    July 24, 2025
  • Insights

    Key Investors Drive Fintech Growth in the Philippines

    August 1, 2025

    Co-founder of Wise claims £10 billion fintech misled investors

    July 29, 2025

    Bruce Markets obtains strategic investment from Apex Fintech Solutions, Robinhood, and Tastytrade.

    July 23, 2025

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025
  • Rumors

    Reinstating Trust in Cryptocurrency: The Significance of Reliable Information

    August 2, 2025

    Mybambu is expanding in West Palm Beach, aiming to create 200 new jobs, among several financial services firms that have relocated to Palm Beach County recently.

    July 31, 2025

    Hang Seng Electronic denies claims of partnership with anti-establishment groups as stock exchange declines by 0.17%

    July 29, 2025

    Kakaopay Stock Halted Amid Concerns Over Stablecoins

    July 26, 2025

    JPMorgan’s new fintech fees are provoking a response from the industry.

    July 26, 2025
  • Startups

    Revolutionizing Birth Control Access: How a Startup is Utilizing Fintech to Offer $16 Care to Millions on Medicaid

    August 2, 2025

    Policybazaar PB Fintech sees a 33% rise in turnover, reaching Rs 1.348 crore in the first quarter of FY26.

    August 2, 2025

    Fintech Mobikwik’s losses increased sixfold to Rs 42 crore in the first quarter of FY26.

    August 2, 2025

    Saudi startups in AI and food technology showcase the swift growth of the ecosystem.

    August 1, 2025

    Zaggle, located in Hyderabad, purchases finup fintech rio.Money for Rs 22 crore.

    August 1, 2025
  • finjobsly
fintechbits
Home » Budapest-based startup PastPay raises €12 million
Startup News

Budapest-based startup PastPay raises €12 million

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Pastpay.jpg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

PastPay, a Budapest-based B2B payment solutions provider, announced on Tuesday that it has secured €12 million in a Series A funding round led by Platina Capital, making it the largest B2B payment solutions provider in the world. BNPL increase throughout the EEC.

Platina Capital is a global private equity and venture capital firm.

The VC company’s mission is to provide the most promising companies with international and national growth potential, thereby improving their global competitiveness.

Other investors including MBH Bank, Advance Global Capital, Quantic Financial Solutions, STRT and BNL Start Partners, as well as several leading private investors, such as Jared Schrieber and Mark Ransford, participated in the funding round.

The Hungarian company will use the funds to expand its offering, focusing on B2B transactions and financing across Europe.

They will also invest in product development and digital infrastructure to fully support merchants in both digital and traditional formats.

– A message from our partner –

Benjamin Berényi, Co-Founder and CEO of PastPay, said: “B2B commerce is becoming an increasingly digitalized market, and the demand for flexible payment options is matched by the need for innovative solutions. This funding shows that investors are eager to capitalize on this demand and take the lead in a market that is still in its infancy but promises solid growth and profitability. To achieve this, we need to invest more in the product side and, in the face of the growing threat of AI-enhanced cybercrime, strengthen our risk infrastructure.”

PastPay: B2B payment solutions

Founded by Benjamin Berényi and Bálint Réti, Past Payments provides B2B payment solutions and offers Buy Now, Pay Later (BNPL) services to enable flexible payment terms for business transactions.

Since its launch, the company has enabled more than 170 merchants to offer flexible payment terms, allowing customers to pay later on more than 15,000 occasions.

In doing so, the company has allocated more than €33 million in funding to support SMEs across the European Union, helping businesses grow and thrive with greater financial flexibility.

More specifically, the platform allows businesses to extend payment terms for purchases from more than 170 merchants from 15 to 90 days.

Currently, PastPay operates in Central and Eastern Europe (CEE), including Italy, Germany, Poland, Czechia, Slovakia, Romania and Hungary, with plans to expand to other EU markets.

Bálint Réti, Co-Founder and COO of PastPay, adds: “In terms of expansion, we have historically focused on the CEE region. However, our goal is to become a pan-European provider and a trusted payment and financing partner for all transactions within the European Union and the EEA. The last few years can be considered a less favourable environment for fintech startups, but this fundraising highlights the quality and resilience of our product and team. Our partnership with these new investors is in line with our vision to make financing accessible to as many SMEs as possible. They bring significant expertise in finance and technology, as well as a strong network that we can leverage. With the current funding round, we can finance over €300 million of invoices per year.”

Mark Ransford, a private investor who participated in the Series A round, said: “I decided to invest in PastPay because of the quality of the company’s team and its highly efficient overhead structure. The founders’ ambition to expand into Western Europe is also particularly compelling and will be greatly enhanced by this significant fundraising. PastPay’s commitment to providing a platform that seamlessly integrates online and offline transactions really sets it apart, with its ability to offer flexible payment solutions that significantly improve the liquidity of small businesses across Europe.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Revolutionizing Birth Control Access: How a Startup is Utilizing Fintech to Offer $16 Care to Millions on Medicaid

August 2, 2025

Policybazaar PB Fintech sees a 33% rise in turnover, reaching Rs 1.348 crore in the first quarter of FY26.

August 2, 2025

Fintech Mobikwik’s losses increased sixfold to Rs 42 crore in the first quarter of FY26.

August 2, 2025
Leave A Reply Cancel Reply

Latest news

Kuvi.ai introduces the private beta of its agency financing system

August 2, 2025

The new legislation provides AI testing facilities for U.S. financial organizations.

August 2, 2025

Daloopa secures $13 million in strategic funding to advance the future of AI in finance.

August 2, 2025
News
  • AI in Finance (1,431)
  • Breaking News (161)
  • Corporate Acquisitions (66)
  • Industry Trends (184)
  • Jobs Market News (298)
  • Market Insights (194)
  • Market Rumors (260)
  • Regulatory Updates (155)
  • Startup News (965)
  • Technology Innovations (156)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,431)
  • Breaking News (161)
  • Corporate Acquisitions (66)
  • Industry Trends (184)
  • Jobs Market News (298)
  • Market Insights (194)
  • Market Rumors (260)
  • Regulatory Updates (155)
  • Startup News (965)
  • Technology Innovations (156)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.