Zebit offers a buy‑now‑pay‑later solution that lets online shoppers split purchases into interest‑free installments while merchants receive full payment at checkout. The platform integrates with major e‑commerce systems, uses alternative data and machine‑learning to approve users without a credit check, and provides a digital payment card and merchant dashboard for managing transactions and analytics.
Funding
$75M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
R6Founders
Product
Problem
Many consumers struggle to afford larger purchases upfront, leading to missed sales opportunities for merchants and financial strain for shoppers who lack access to traditional credit.
Solution
Zebit provides a buy‑now‑pay‑later platform that lets shoppers split purchases into interest‑free installments while merchants receive full payment at the time of sale. The service integrates with e‑commerce checkout flows, performing real‑time eligibility checks using proprietary risk algorithms that do not require a credit check. Approved customers complete a simple registration and receive a digital payment card to use across participating online stores. Zebit handles all repayment collection and offers a dashboard for merchants to track transaction performance and manage refunds.
Target Audience
Primary customers are online retailers seeking to increase conversion and average order value, and consumers looking for affordable, credit‑free financing for e‑commerce purchases.
Features
- Seamless API and plugin integrations for major e‑commerce platforms (Shopify, WooCommerce, Magento)
- Real‑time underwriting using alternative data and machine‑learning risk models
- Interest‑free installment plans with flexible repayment schedules (e.g., 4‑week, 6‑week)
- Digital payment card that can be used for online purchases without additional checkout steps
- Merchant dashboard with analytics on conversion rates, average order value, and chargeback management
- Automated repayment processing and reminder notifications to reduce delinquency