Nexi agrees to sell payment provider Ratepay to Affirm

Nexi has agreed to sell Ratepay, its payment provider business, to buy now pay later company Affirm. Financial terms were not disclosed. Closing is subject to customary regulatory approvals, expected in the first half of 2027, and Nexi will provide transitional support after closing, including technology expertise.

Alongside the sale, Nexi and Affirm signed a memorandum of understanding to expand their existing partnership in Germany, Austria and Switzerland and to explore new opportunities together.

Nexi CEO Bernardo Mingrone said the divestment fits the group's strategy of focusing on core activities and an optimised portfolio, and that new ownership will better enable Ratepay to strengthen its BNPL offering. Affirm's Pat Suh, SVP and Managing Director of Global Markets, said pay-by-invoice is popular because shoppers know what they owe and when.