ABF WatchEuropean Fintech Credit TrackerUpdated

Deals / 15 Apr 2025

Ratepay: Private securitisation, €125m

BNPL provider Ratepay closed a €125m private STS securitisation of German and Austrian pay-by-invoice receivables, funded by UniCredit as arranger and senior lender.

Borrower
Ratepay, Germany · BNPL
Announced
Facility
Private securitisation · New
Size
€125m
Funders
Asset class
Buy now, pay later
Assets originated in
Germany, Austria
Notes
Revolving programme: Ratepay sells most of its future BNPL portfolio to a Luxembourg vehicle, and other lenders can join. Ratepay's first STS securitisation; Ratepay belonged to Nexi at the time.
Source quality
Confirmed: announced by the borrower or a funder itself. How we check
Last checked
7 Nov 2026

Sources

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