Sileon expands internationally by signing an agreement with Paysome in Hungary. The agreement is Sileon‘s first for its self-developed BNPL SaaS platform. The collaboration enables Paysome to offer Buy Now, Pay Later functionality to its customers by using Sileonits technology. The BNPL platform is expected to be integrated into Paysome’s infrastructure during the first quarter of 2023.
Paysome is a Hungarian fintech company that offers interest-free BNPL through card payments. Onboarding is easy with immediate approvals and payments can be made in, for example, 30 days or 3 to 6 instalments.
“One of the most important factors for us is being able to use the BNPL platform agnosically across multiple markets. Sileon makes this possible and helps us grow our presence in the growing BNPL market at a rapid pace,” says Mete Atug, CEO of Paysome.
The collaboration with Paysome is entirely SaaS-based, where Paysome pays a fixed fee per month for an agreed period of 3 years, as well as a small fee per transaction. Signing the Hungarian company Paysome as a new platform customer reinforces Sileons strategy of being a leading international supplier of BNPL technology.
“We are very happy to meet the high demand for BNPL technology and live up to our goal of international growth in an accelerating segment. This is a milestone for Sileon and we look forward to supporting Paysome with their BNPL expansion,” says David Larssonmanaging director at Sileon.
For more information, please contact:
David LarssonCEO, Sileon AB
Email: [email protected]
Telephone: +46 725 502 306
This information is such that Sileon AB (publ) is obliged to make public in accordance with the EU’s Market Abuse Regulation and the Swedish Securities Markets Act. The information was sent for publication, through the contact persons mentioned above, on 15 November 2022 on 07:30 CEST.
About Sileon
Sileon AB (publ) is a global fintech company that offers an innovative SaaS-based Buy Now Pay Later (BNPL) functionality to banks, lenders and fintechs. Sileonits BNPL solution is integrated into the customer’s environment and operates under the customer’s trademark, which, unlike conventional BNPL solutions, enables the customer to independently deliver BNPL without being dependent on third parties. Sileon operates in a rapidly growing international market with an estimated transaction value of 680 billion dollars globally by 2025. Sileon is listed on the Nasdaq First North Growth Market and has approximately 60 employees at its head office in Stockholm, Sweden.
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