Dutch Paytech Firm Billink Secures $32.1M Investment from Varengold Bank for European Expansion

Billink, a Dutch paytech company, has received a significant $32.1 million investment from Varengold Bank, propelling its BNPL platform expansion across the Netherlands, Luxembourg, Belgium, and Germany.

Dutch paytech company Billink has recently secured a substantial $32.1 million investment from Germany’s Varengold Bank, paving the way for the expansion of its buy now, pay later (BNPL) platform. The Gouda-based payments provider has announced its plans to utilize the funding to drive the adoption of its BNPL solution among online sellers in the Netherlands, Luxembourg, and Belgium. Additionally, the company aims to establish a strong foothold in the German market in the near future.

Billink prides itself on prioritizing payment transparency, aiming to replicate the level of trust and confidence that consumers experience in offline transactions within the online realm. This strategic focus positions the company to compete with industry giants such as Klarna and Riverty. Since its establishment in 2011 and the subsequent launch of its first BNPL transaction in 2012, Billink has distinguished itself from competitors by processing payments only after the corresponding purchase has been received by the consumer. This unique approach has garnered significant traction, with the paytech now boasting an active user base of 3 million consumers and over 3,000 web shops.

The substantial investment from Varengold Bank is set to propel Billink’s expansion efforts, enabling the company to solidify its presence in the European BNPL market and potentially make inroads into the German market. With a strong emphasis on payment transparency and a growing user base, Billink is poised for continued success in the evolving payments landscape.