Nexi sells pay-by-invoice firm Ratepay to Affirm, closing in 2027

Nexi sells pay-by-invoice firm Ratepay to Affirm, closing in 2027

10 November 2026: Nexi has agreed to sell Ratepay, a provider of pay-by-invoice checkout in Germany, Austria and Switzerland, to US buy now, pay later company Affirm, with closing expected in the first half of 2027 subject to regulatory approval. Online merchants using Ratepay will have a new owner and, on Affirm's stated plan, a wider range of payment options at checkout.

Not yet independently verified. We read Nexi's release. Affirm's investor page refused our request, so its own statement has not been seen, and no price has been published. We will update this when it can be confirmed, and remove this note.

Why invoice payment is the prize

Rechnungskauf, paying after the goods arrive, is a habit of German-speaking shoppers, and it is the product Nexi's release calls Ratepay's local expertise. "Pay by invoice is popular for a simple reason: shoppers know exactly what they owe and when," said Pat Suh, senior vice president and managing director of global markets at Affirm.

Sabrina Flunkert, Ratepay's chief executive, said that "being able to expand our product portfolio to a complete BNPL offering is an exciting outlook", which points at instalments being added to what merchants already take through Ratepay.

Nexi trims, and stays close

For Nexi the sale is portfolio tidying. Bernardo Mingrone, its chief executive, said the divestment "is in line with our strategy focused on core activities and optimized portfolio", and the company expects a slightly positive effect on its net financial position. Affirm expects no material impact on its results or fiscal 2027 outlook. Nomura advised Nexi.

The two are not parting ways. They have signed a memorandum of understanding to extend their existing partnership in the region, and Nexi will provide transitional support, including technology and people on the ground, once the deal closes.

What merchants should settle before closing

The timetable leaves months for merchants on Ratepay to review their contracts. Three points are specific to this deal:

• the transitional technology arrangement has no published end date, so ask how long the current integration is guaranteed
• any change-of-control clause in a Ratepay agreement falls due at closing rather than at signing
• the revised EU Consumer Credit Directive applies from 20 November 2026, and a purchase on credit offered through a third party falls within its creditworthiness rules unless an exemption applies

No price was given in the release or in press reports of the sale, and the regulators whose approval is needed are not named.

Our payment processing software category lists 14 products, and the digital payments term links our wider coverage of checkout providers.

Company profile on TrustList: Ratepay

Sources

• Nexi Group: Nexi divests Ratepay and plans strategic BNPL partnership with Affirm, 9 November 2026
• startup.eu: Affirm acquires Ratepay, 9 November 2026