Today Skeps, the Point-of-Sale technology firm, announced that Bertelsmann India Investments participated in its $9.5 million Series A funding round, alongside existing investor Accel. Skeps provides a buy now pay later (BNPL) lending solution that uses an enterprise blockchain to create a decentralized loan marketplace.
“Skeps is the most innovative point-of-sale financing solution we have come across over the past few years,” said Rohit Sood, Partner at Bertelsmann India Investments.
In the past 18 months, Skeps has powered more than $1 billion in loan evaluations and claims to have an 80% approval rate. It effectively provides a decentralized match-making solution between merchants and lenders or banks.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
