Buy Now, Pay Later is quickly becoming the future of commerce, and Kafene is excited to share we're positioned to provide greater opportunities to consumers who want to leverage this payment model. Our goal is prompting and promoting financial inclusion for "consumers that are left behind by traditional lenders."
With our unique goal, Global Founders Capital and Third Prime Ventures co-led a $14 million Series A funding round, which also included Valar, Company Ventures, Hermann Capital, Gaingels, Republic Labs, Uncorrelated Ventures, and FJ Labs, taking us one step closer to providing flexible ownership opportunities to all consumers.
Our typical lease is simple: Kafene buys the product on behalf of the our customers, renting it out over a 12-month period. Once the payments are made in full, the customer takes full ownership. Earlier payments are rewarded with discounts, and we reclaim the item if payments can no longer be fulfilled. Keeping with our mission, Kafene reports customer success to major consumer reporting agencies, fueling better credit scores.
Read more about our win through Kafene's feature with TechCrunch —
