French fintech Alma closes a $59 million Series B round

French Alma, a fintech company offering payment solutions, has closed a $59 million Series B financing round. The round was led by Cathay Innovation, Bpifrance, Seaya Ventures, and Picus Capital, Fintech Collective reports

Founded in 2017 by Louis Chatriot and Guillaume Desloges, Alma allows merchants to increase their sales by offering their customers to pay in installments. The company is aimed to help SMEs with all their financial matters: cash, loans, insurance.

Thanks to the fundraising, the company will continue to invest and be able to boost the sales of (many) more merchants. Also, Alma wants to strengthen its presence in the French market and abroad.