Engage Capital Leads Three Bids for Struggling Fintech Lipa Later
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Engage Capital Leads Three Bids for Struggling Fintech Lipa Later
Venture capital firm Engage Capital has submitted a USD 24.5 million bid to purchase ‘buy-now-pay-later’ firm Lipa Later. The VC is one of three investment firms to offer the financially troubled hire-purchase firm, which went into administration in March 2025, money to either acquire or finance it. Lipa Later, which purchased the similarly cash-strapped e-commerce firm Sky.Garden in late 2022, was launched in 2018, and immediately raised USD 12…
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