Sileon AB (publ) signed an agreement with Provenir. The collaboration with Provenir is strategic and Sileon's first agreement with a functionality supplier of Solutions. This gives Sileon the opportunity to offer international Solution modules for Risk assessment, Fraud, KYC/ID validation, Decisioning, and AML/PEP.

The functionality will be launched gradually during 2023. The agreement means that Sileon integrates Provenir's services with Sileon's BNPL Platform to carry out the best functionality. Sileon's customers thus gain access to an international BNPL Platform, including risk assessment.

Everything becomes available to the customer with one integration with Sileon. As a result, card issuers can now offer BNPL to their existing debit cards in just 6-8 weeks using Sileon's BNPL SaaS technology.