Berlin-based fintech Billie has integrated with Stripe making it the first B2B Buy Now, Pay Later (BNPL) solution available on the platform in Europe.
In a statement, the firm said throughout the summer, a select number of online shops and marketplaces selling to business customers in Germany, France, and the Netherlands will be able to test the new solution.
Later this year, any business running on Stripe’s financial infrastructure platform will be able to offer Billie’s Buy Now, Pay Later payment method to their business customers.
With Billie, business customers can make purchases and defer a payment for up to 30 days. At the same time, merchants receive payment upon the shipment of goods, aiding with cash flow management of both merchants and business buyers. This made possible due to real-time approval of buyers at checkout in addition to default and fraud risk protection for merchants.
As part of the deal, Stripe’s B2B sellers can now offer their business customers flexible payment terms while reducing their credit risk and the administrative burden of collection and dunning processes to zero.
“Our partnership will enable thousands of merchants across Europe to grow their customer base, modernize their B2B payment systems, and expand into new markets without facing the risks of payment default or fraud,” Mauro Miotto, VP Partnerships at Billie said.
The integration with Stripe comes in the wake of strong growth for the German scale-up. In June, Billie crossed the line of 500,000 unique business customers served at more than 3,500 shops and marketplaces throughout Europe and including brands like Alibaba.com or Samsung.
