Pace is a multi-territory fintech offering a Buy Now Pay Later (BNPL) product that lets customers split purchases into three interest-free payments and matches shoppers with appropriate spend limits. The company is building a cross-border banking engine to operate across countries and help merchants create sales efficiencies. Led by founder and CEO Turochas ‘T’ Fuad, Pace serves merchants through more than 3,000 points-of-sale across the region. The company intends to use recent funding to expand technology, operations, and business development across Taiwan, Japan, Korea and China. Pace targets a Gross Merchandise Value run rate of USD1 billion in 2022 and aims to grow its user base by 25X over the following 12 months. The article reports the company raised USD40M in a Series A to support these plans.

Total raised

$40M

Funding rounds

1

Latest round

Series A

Latest activity

Nov 2021