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
- UniCredit (senior lender)
- 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
- Ratepay · primary · 15 Apr 2025
- Baker McKenzie · secondary · 15 Apr 2025
- Jones Day · secondary
- IT Finanzmagazin · secondary · 16 Apr 2025
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