๐ฅ๐ฒ๐ถ๐ป๐๐ฒ๐ป๐๐ถ๐ป๐ด โ๐๐๐ ๐ก๐ผ๐, ๐ฃ๐ฎ๐ ๐๐ฎ๐๐ฒ๐ฟโ ๐ฟ๐ฆ
South African fintech Happy Pay has raised $5 million in seed funding, in a round led by global venture capital firm Partech, ๐ฎ๐ ๐ถ๐ ๐น๐ผ๐ผ๐ธ๐ ๐๐ผ ๐๐ฐ๐ฎ๐น๐ฒ ๐ฎ ๐ป๐ฒ๐ ๐บ๐ผ๐ฑ๐ฒ๐น ๐ผ๐ณ ๐ฐ๐ผ๐ป๐๐๐บ๐ฒ๐ฟ ๐ฐ๐ฟ๐ฒ๐ฑ๐ถ๐ ๐๐ต๐ฎ๐ ๐ฟ๐ฒ๐บ๐ผ๐๐ฒ๐ ๐ฐ๐ผ๐๐๐ ๐ณ๐ผ๐ฟ ๐๐๐ฒ๐ฟ๐ ๐ฒ๐ป๐๐ถ๐ฟ๐ฒ๐น๐.
The raised capital will be used to grow the team, enhance the product, ๐ฎ๐ป๐ฑ ๐ฒ๐ ๐ฝ๐ฎ๐ป๐ฑ ๐ผ๐ฝ๐ฒ๐ฟ๐ฎ๐๐ถ๐ผ๐ป๐ ๐๐ถ๐๐ต๐ถ๐ป ๐ฆ๐ผ๐๐๐ต ๐๐ณ๐ฟ๐ถ๐ฐ๐ฎ, ๐๐ถ๐๐ต ๐ณ๐๐ฟ๐๐ต๐ฒ๐ฟ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฒ๐ ๐ฝ๐ฎ๐ป๐๐ถ๐ผ๐ป ๐น๐ถ๐ธ๐ฒ๐น๐ ๐๐ผ ๐ณ๐ผ๐น๐น๐ผ๐.
๐ง๐๐ ๐๐๐ ๐ฆ๐๐๐๐ง
The funding highlights a shift in the Buy Now, Pay Later (BNPL) space, where most providers rely on interest charges, late fees, or consumer-linked costs to generate revenue. However,
๐๐ฎ๐ฝ๐ฝ๐ ๐ฃ๐ฎ๐ ๐ถ๐ ๐๐ฎ๐ธ๏ฟฝ๏ฟฝ๐ป๐ด ๐ฎ ๐ฑ๐ถ๐ณ๐ณ๐ฒ๐ฟ๐ฒ๐ป๐ ๐ฎ๐ฝ๐ฝ๐ฟ๐ผ๐ฎ๐ฐ๐ต.
Instead of charging users, the platform generates revenue from merchants and brands, ๐๐ต๐ผ ๐ฝ๐ฎ๐ ๐๐ผ ๐ฎ๐ฐ๐ฐ๐ฒ๐๐ ๐ฐ๐๐๐๐ผ๐บ๐ฒ๐ฟ๐ ๐ฎ๐ ๐๐ต๐ฒ ๐ฝ๐ผ๐ถ๐ป๐ ๐ผ๐ณ ๐ฝ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ.
โ Consumers can split payments at no cost
โ Merchants fund the financing in exchange for increased sales.
๐๐ฎ๐ฝ๐ฝ๐ ๐ฃ๐ฎ๐ ๐ฏ๐น๐ฒ๐ป๐ฑ๐ ๐ฎ๐ฑ๐๐ฒ๐ฟ๐๐ถ๐๐ถ๐ป๐ด, ๐ฝ๐ฎ๐๐บ๐ฒ๐ป๐๐, ๐ฎ๐ป๐ฑ ๐ฐ๐ฟ๐ฒ๐ฑ๐ถ๐ ๐ถ๐ป๐๐ผ ๐ฎ ๐๐ถ๐ป๐ด๐น๐ฒ ๐๐๐๐๐ฒ๐บ. Businesses are then charged based on completed transactions, not clicks or impressions, effectively turning marketing spend into a driver of financing.
๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐
In South Africa, where borrowing costs remain high and financial pressure is widespread, demand for flexible, low-cost payment options is growing.
Happy Pay's merchant-funded model represents a meaningful rethink of how consumer credit can be structured, by moving costs away from consumers and onto the commercial side of transactions.
Whether it can do so at scale remains an open question, ๐ฏ๐๐ ๐๐ต๐ฒ ๐น๏ฟฝ๏ฟฝ๏ฟฝ๏ฟฝ๐๐ฒ๐๐ ๐ณ๐๐ป๐ฑ๐ถ๐ป๐ด ๐ฟ๐ผ๐๐ป๐ฑ ๐๐๐ด๐ด๐ฒ๐๐๐ ๐๐ต๐ฎ๐ ๐ถ๐ป๐๐ฒ๐๐๐ผ๐ฟ๐ ๐ฎ๐ฟ๐ฒ ๐๐ถ๐น๐น๐ถ๐ป๐ด ๐๐ผ ๐ฏ๐ฎ๐ฐ๐ธ ๐๐ต๐ฎ๐ ๐ฏ๐ฒ๐.
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Although Boeing got $4.2 billion to develop an astronaut capsule and SpaceX only got $2.6 billion, SpaceX finished 4 years sooner.
Note, the crew capsule design of Dragon 2 has almost nothing in common with Dragon 1.
Too many non-technical managers at Boeing.
๐ด Sir Jim Ratcliffe: โWhich team do I want to win the PL title? I hate them all, they are all the enemy!โ.
โI couldnโt possibly choose. It would be good for Arteta, because he has done really well and Arsenal have been patient with himโ.
Itโs JAKE PAUL vs. MIKE TYSON โ yes, really! โ in a LIVE BOXING event at AT&T Stadium you wonโt want to miss. Airing live on Netflix Saturday, July 20 #PaulTyson
NEW: The owner of a $16M California mansion that is on the verge of falling into the ocean, is refusing to leave his home.
82-year-old Lewis Bruggeman says his house is "fine" & isn't worried about it falling into the ocean after a recent storm eroded the cliffside.
"The house is fine, it's not threatened and it will not be red-tagged. The city agrees that there's no major structural issue with the house," the Dana Point home owner said.
The National Weather Service predicts more rain will be hitting the LA area next week, warning of more mud slides.
๐ดโซ๏ธ Bayer Leverkusen win 3-0 vs Bayern and itโs still unbeaten this season in all competitions.
๐๏ธ 31 games
๐ข 27 wins
๐ฐ 4 draws
๐ด 0 defeats
โช๏ธ 93 goals scored
โฉ๏ธ 22 goals conceded
Xabi Alonso masterclass. ๐