Company Overview
Snapshot
Founded in October 2016 by Meidad Sharon, ChargeAfter operates with 51–200 employees. The company has raised $53.5M across 4 funding rounds from 9 investors. In March 2022, ChargeAfter secured a B Round, with Phoenix Insurance and MUFG Innovation Partners (MUIP) participating.
Business overview
ChargeAfter provides a market-leading financing platform that enables retailers to offer personalized financing options from multiple lenders at the point of checkout. Its core technology facilitates real-time approval of more applications, aiming to increase sales for merchants by up to 45%. The platform serves the fintech and eCommerce sectors, specifically targeting financial institutions, banks, and retailers with solutions for lending and financing, and sales and marketing.
Strategic signal
In February 2024, Israeli fintech company ChargeAfter partnered with Citi Retail Services to provide point-of-sale customer financing, an agreement estimated to be worth millions of dollars. This partnership signals strong market validation for ChargeAfter's technology and its ability to integrate with major financial institutions, indicating significant growth potential and strategic alignment within the consumer financing landscape.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent partnership for ChargeAfter?
- In February 2024, ChargeAfter partnered with Citi Retail Services to integrate its lending hub technology for point-of-sale customer financing. This collaboration is expected to be worth millions of dollars and will enable Citi to offer installment plans and quick financing options to its customers.
- Which investors participated in ChargeAfter's B Round funding?
- In March 2022, ChargeAfter secured a B Round of funding. Key investors in this round included Phoenix Insurance and MUFG Innovation Partners (MUIP).
- What was the nature of Visa's involvement with ChargeAfter?
- In February 2020, Visa Inc. invested in and partnered with ChargeAfter. This collaboration aimed to enable retailers to offer customers instant credit and financing plans, with ChargeAfter planning to expand its research and development team in Israel using the funding.
- What was the purpose of the Series A funding round for ChargeAfter?
- In May 2019, ChargeAfter raised $8M in Series A funding. This capital was allocated to expand the company's US-based presence, hire sales and marketing veterans, grow its network of merchants and lenders, and establish a second office in Sunnyvale, California.
- Which investors participated in ChargeAfter's Series A funding?
- In May 2019, ChargeAfter's Series A funding round saw participation from investors including.