A year later, Pace has kept up with the market — and some more. On March 30, Pace announced the acquisition of Rely, Singapore’s first BNPL provider. This marked Asia’s first acquisition between BNPL operators.
This time last year, Pace Enterprise was among the newest kids on the “buy now, pay later” (BNPL) block. The local fintech company had launched its BNPL solution in January 2021, nearly five years after competitor Rely.
Pace told The Edge Singapore that it had signed on more than 500 merchant partners since a soft launch in November 2020.
