Quick View: ZoodPay To Provide Zain With Access To Payments, Ecommerce Markets

摘要

The Latest: Zain Ventures has invested in Swiss buy-now-pay-later (BNPL) company ZoodPay during a Series B funding roundthat raised USD38mn. The investment exposes Zain to the booming trend of BNPL and e-commerce adoption in the MENA regionthrough a player that is well-established in emerging markets that hold extensive growth opportunity. However, ZoodPay faces aconsiderable level of competition in the region's BNPL space and its long-term success is not guaranteed.