Visa Backs Fintech Company ChargeAfter
ChargeAfter develops a system that allows retailers to offer customers instant credit and financing plans
Visa Inc. has invested in and partnered with Sunnyvale, California-headquartered fintech company ChargeAfter, the latter announced Wednesday. The amount of the investment was not disclosed.
Founded in 2017 by Israeli entrepreneur Meidad Sharon, ChargeAfter develops a system that allows retailers to offer customers instant credit and financing plans.
As part of the partnership agreement, Visa’s network of sellers, merchants, and issuing banks will have the option to offer ChargeAfter’s financing and crediting plans, Sharon said in a Wednesday interview with Calcalist.
Visa. Photo: Reuters
The company intends to use the funding to grow its research and development team in Israel, Sharon said. Prior to Visa’s investment, the company had raised $9.5 million. ChargeAfter operates additional offices in New York, Dallas, and Tel Aviv and currently employs a team of 35 people, Sharon said. The company intends to frow its Israel-based team to 100 employees by the end of the year.