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Fintech Company ChargeAfter Raises $8 Million

ChargeAfter develops a system that allows retailers to offer customers instant credit and financing plans

Meir Orbach 15:0429.05.19

New York-headquartered fintech company ChargeAfter has raised $8 million in a series A funding round led by Propel Venture Partners, the investment arm of Spanish banking group Banco Bilbao Vizcaya Argentaria, SA, ChargeAfter announced Wednesday.

 

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Founded in 2017 by Israeli entrepreneur Meidad Sharon, with additional offices in Sunnyvale, California, and Tel Aviv, ChargeAfter develops a system that allows retailers to offer customers instant credit and financing plans.
New York. Photo: Shutterstock New York. Photo: Shutterstock
The company intends to use the funding to hire expand its sales, marketing, and research and development teams, and its network of merchants and lenders, Sharon said in a statement.

 

Additional participants in the round, which brought ChargeAfter’s total funding raised to date to $9.5 million, include Israel-based venture fund PICO Venture Partners, Sunnyvale, California-based accelerator Plug and Play Tech Center, and NYSE-listed consumer financial service company Synchrony Financial.
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