Sileon expands internationally by signing an agreement with Paysome in Hungary. The agreement is Sileon's first for its self-developed BNPL SaaS platform. The collaboration allows Paysome to offer Buy Now Pay Later functionality to its customers by using Sileon's technology.

The BNPL platform is expected to be integrated into Paysome's infrastructure during the first quarter of 2023. Paysome is a Hungarian fintech company that offers interest-free BNPL through card payments. The onboarding is simple with instant approvals and payments can be made in for example 30 days or 3 to 6 installments. The collaboration with Paysome is completely SaaS-based, in which Paysome, during an agreed period of 3 years, pays a fixed fee per month, as well as a smaller fee per transaction.

Signing the Hungarian company Paysome as a new platform customer reinforces Sileon's strategy of being a leading international supplier of BNPL technology.