Alma provides a guaranteed installment payment platform that lets shoppers split purchases into 2‑4, 10‑12 or 15‑30 day pay‑later options across e‑commerce, POS and payment‑link channels. The service integrates via REST APIs, SDKs or pre‑built modules, uses Open Banking‑based underwriting to approve in under 10 seconds, and guarantees merchants immediate net payouts while assuming collection risk.
Funding
Funding not disclosed
Founders
Product
Problem
Merchants often experience cart abandonment and limited average order values because customers lack flexible financing options at checkout, especially across multiple European markets. Traditional credit solutions can introduce payment risk and delayed cash flow for retailers.
Solution
Alma offers a guaranteed installment payment platform that lets shoppers split purchases into 2‑4, 10‑12, or pay‑later (15‑30 days) installments directly on e‑commerce sites, POS terminals, or via payment links. The service integrates through RESTful APIs, SDKs, or pre‑built modules with over 20 PSP partners, enabling rapid deployment across web, mobile, and in‑store channels. Alma’s underwriting engine leverages Open Banking data and real‑time credit‑card validation to approve requests in under 10 seconds, while assuming full collection risk and settling the merchant’s net amount instantly. All transaction data are encrypted, stored in a PCI‑DSS Level 1 environment, and protected by 3‑D Secure authentication. Merchants access a unified dashboard with over 30 KPIs, automated refunds, and exportable accounting feeds, supported by dedicated account management for scaling across France, Germany, Benelux, Spain, Italy, Portugal, and Luxembourg.
Target Audience
The solution targets mid‑size to large e‑commerce operators and brick‑and‑mortar retailers in Europe seeking to increase conversion and average order value through risk‑free installment financing.
Features
- REST API and SDK integrations for e‑commerce platforms, POS systems, and call‑center workflows
- Flexible installment plans: 2‑4, 10‑12 payments, or 15‑30 day pay‑later options, configurable per market
- Real‑time underwriting using Open Banking and credit‑card checks, with approval latency <10 seconds
- 100 % guaranteed merchant payouts; Alma assumes all collection and fraud risk
- PCI‑DSS Level 1 compliance and mandatory 3‑D Secure for all card transactions
- Multi‑currency, multi‑payment‑method support (Visa, Mastercard, Amex, iDEAL, Bancontact, etc.) across eight European countries
- Merchant dashboard featuring real‑time sales analytics, KPI tracking, refunds, and accounting data exports
- No monthly subscription; transaction‑based commission model with transparent pricing