Today In Payments Around The World: Japan’s Paidy Inc. Lands $120 Million; Italy’s Everli Raises $100 Million

In today’s top payments news around the world, Paidy Inc. said it completed its Series D funding round while Everli has raised $100 million in a funding round. Plus, JD.com said it has sold its JD cloud and artificial intelligence (AI) operation to its FinTech unit.

Buy Now, Pay Later Firm Paidy Notches $120 Million In Series D Funding Round

Paidy Inc., the Japanese buy now, pay later (BNPL) company, said it wrapped up its Series D funding round, notching $120 million. “We intend to continue expanding our horizons and raising our sights,” Paidy Founder and Executive Chair Russell Cummer said in an announcement. The company has over 5 million clients in Japan and is accepted by over 700,000 websites. In 2020, Paidy rolled out Paidy 3-Pay, which is an interest-free payment method that divides up the cost of a purchase into three equal payments.

Europe Online Grocery Platform Everli Bags $100 Million In Funding

Italy-based online grocery program Everli has landed $100 million in a funding round. The firm’s platforms allow users to select supermarket items online from different merchants throughout Europe, such as Carrefour and Lidl, with access to approximately 300,000 items throughout 70 cities on the continent. “We have built a model, which we believe offers unparalleled value to consumers, through wide access to the retailers and products they love, even in less urban areas, and to retailers, who are now able to affordably compete online and reach a whole new consumer base,” Everli CEO Federico Sargenti said in a release.

JD.com Sells Off Cloud, AI Units To Its FinTech Arm

JD.com, the Chinese eCommerce company, said on Wednesday (March 31) that it has officially sold its JD Cloud and AI operation to its financial technology arm for an overall $2.4 billion valuation. The FinTech arm will provide JD.com with ordinary shares as part of the transaction. JD, which is one of the biggest eCommerce platforms in China, counts Pinduoduo and Alibaba Group as competitors.