Koverly, a global B2B payments solution providing payment flexibility alongside reduced foreign exchange rates, introduces the only buy now, pay later (BNPL) solution to give a 30-day extension on FX payments at no cost to the buyer or seller. Through the new KoverlyPay service, businesses also have the flexibility to further extend payments over four, eight or 12 fixed weekly installments.

Founded in 2021, Koverly has raised $7.6 million in seed funding from Accomplice VC, Vinyl Capital, and One Way Ventures to build the first payment platform that combines foreign currency and B2B cashflow management designed for international business trade, such as importing. Koverly is currently on target to originate $70 million in new loans over the next year.

Koverly is a venture-backed B2B global payments platform with a mission to empower businesses with cash flow to improve profitability, and tools to save time managing payments and receivables. Koverly enables companies to save on transaction and foreign exchange fees, get more time to pay, and receive funds faster and safer through a single online interface.