Nexi sells Ratepay to US firm Affirm
Italy-based Nexi Group will transfer ownership of its Ratepay division to Affirm, the US-based consumer finance network. The sale is projected to finalize within the first half of 2027, pending necessary regulatory clearances. No details regarding the financial agreement have been released.
Ratepay, founded in Berlin in 2009, specializes in white label buy now, pay later solutions for online stores in Germany, Austria, and Switzerland. Its products include pay-by-invoice and direct debit.
Nexi acquired Ratepay through its purchase of Nordic payment firms Nets in 2021. Ratepay was originally owned by German e-commerce giant Otto Group, which sold it to Advent International and Bain Capital in 2017.
Under Nexi, Ratepay has performed well, with a 7.7% year-on-year increase in DACH revenues to €330.1 million in 2025. This region accounted for 9% of the group’s total revenue last year.
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The sale to Affirm comes amid a leadership transition at Nexi, with former UniCredit executive Bernardo Mingrone taking over as CEO in March. Mingrone stated that the divestment is in line with the company’s strategy to focus on core activities and optimize its portfolio.
Nexi will remain a partner to Ratepay once the transaction closes and has signed a memorandum of understanding with Affirm to identify new business opportunities. Mingrone believes the new ownership will enable Ratepay to strengthen its buy now, pay later offering, which includes a product called Pay in 30 days.
Affirm, a public company headquartered in San Francisco, will use the deal to expand its reach to European markets, building on its UK debut in 2024 and recent establishment of Amsterdam as its regional hub.
Mingrone describes Ratepay and Affirm as “a strong commercial fit”, and the deal is expected to benefit Ratepay’s customers and Nexi as a partner. The acquisition will help Affirm expand its buy now, pay later offerings in Europe, leveraging Ratepay’s expertise in the region.
