Funding

[Funding alert] Dutch BNPL Fintech Startup Billink Secures €29.5 Million in Funding

Jan 18, 2024 | By Startup Rise EU

Dutch BNPL fintech startup Billink secures €29.5 million in funding from the German Varengold Bank.

Dutch BNPL fintech startup Billink secures €29.5 million in funding from the German Varengold Bank.

By bringing the same level of assurance clients have in offline transactions online, the payment provider hopes to further fuel its ambitions of making online shopping more equitable for both web shops and consumers by expanding its offering to encompass the top 50 largest Benelux web shops and breaking into the German market.

Read also - Pet-Wellness Company Jampy Secures €1 Million in Pre-Seed Funding

With Billink, payments are made only after customers receive their items. With over 3,000 webshops currently using Billink's payment service, the company has amassed 3 million consumers since its first BNPL transaction in 2012.

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Frank Waagmeester, CEO of Billink said, “We differentiate ourselves by being a ‘local hero’, We have been active in the payment market in the Benelux for over a decade and understand the challenges of our webshop owners. We see this reflected in, among other things, a high customer retention and satisfaction score and a 4.7 Trustpilot rating, the highest in the market. With this great foundation, we are ready to take the next step.”

With the funding, Billink will be able to begin serving the top 50 online retailers in the Netherlands and free up operating capital to quickly expand into the German market. Billink aims to lead the online payment industry in dependability by emphasising both client satisfaction and innovation.

Read also - Barcelona-based Delfos Secures €6.3 Million in Seed Funding

Waagmeester said, “Offline, a consumer is used to paying only aGer receiving a service or product. Online, you pay in advance, assuming everything goes well and your purchase is to your liking. We think that’s unfair, We are now working on Billink Check-out 2.0, which makes the customer experience even more personal and helps web shop owners further optimize conversion. For this we are not only talking to the largest webshops in the Benelux about their challenges and needs, we are also developing our own AI (Artificial Intelligence) application.”

About Billink

Billink is a cutting-edge post-payment solution for internet merchants. With Billink, any online store may offer a simple and risk-free method of payment that lets customers accept their purchases now and pay for them later.

Read also - German Wastewater Recycling Company Membion Secures €5 Million in Funding

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