COMPANY PROFILE

Pace

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Spreading purchases into 3 interest-free installments so that to give the breathing space to buy now

SingaporeFounded 2020Fintech

Valuation $100–250M Last recorded · 2022

Revenue $10–50M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Pace

Pace is a financial technology company that provides flexible payment solutions for e-commerce platforms. The company operates primarily in the Asia-Pacific region, including markets such as Singapore, Hong Kong, Malaysia, Thailand, and Taiwan. Pace's core product is a 'buy now, pay later' service that allows consumers to split their purchase payments into smaller, more manageable installments. This service is integrated into popular e-commerce platforms like WooCommerce and OpenCart through dedicated plugins, making it easy for merchants to offer this payment option to their customers.

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Pace serves a diverse range of clients, from small online retailers to large e-commerce businesses, helping them increase sales by offering more flexible payment options to their customers. The business model is based on charging merchants a fee for each transaction processed through its platform, as well as potentially earning interest from consumers who opt for extended payment plans.

The company leverages technology to ensure a seamless and secure payment experience, featuring a user-friendly interface and robust backend systems to manage transactions. Pace aims to empower consumers by giving them more control over their finances, promoting transparency and trust in the shopping experience.

Source: Dealroom company data