Kontempo raises $30m in seed round

Kontempo has raised $30m in a seed round.

The money will go towards expaning its BNPL solution for B2B transactions in Latin America.

Kontempo CEO and co-founder Matthew Meehan said: “Kontempo sees an opportunity with its BNPL product to increase the use of digital payments in the B2B space, boost sales for both online and offline distributors and suppliers to SMBs and be an early mover in building critical payments infrastructure for the still small but fast-growing B2B eCommerce market.”