Treyd, a Stockholm-based fintech payment company that provides buy-now-pay-later financing for supplier invoices, has raised $12 million in an extension of its Series A funding round. The round, which brings the total amount raised to $25 million, was led by Nineyards Equity, with participation from Antler, Zenith VC, and J12 Ventures.
Founded by Peter Beckman and Sameh El-Ansary in 2020, Treyd is a regulated payment institution with the Swedish Financial Supervisory Authority (Finansinspektionen). The company's mission is to help businesses grow by providing them with the working capital they need to purchase inventory and other supplies.
Treyd's buy-now-pay-later financing allows businesses to pay their suppliers up to 4 months after the purchase date. This gives businesses the flexibility to manage their cash flow and focus on growing their business. The latest funding round will be used by Treyd to grow in existing markets and expand into new markets. The company also plans to invest in its core product offering and develop new features that will make it even easier for businesses to get the financing they need.
Since its launch, Treyd has financed over $149 million in purchases for businesses in Northern Europe. The company has a team of over 60 people and is headquartered in Stockholm, Sweden.
