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Top 3 Installment Payment and Buy Now Pay Later Software Companies With $1M–$5M Revenue (September 2026)

As of September 2026, Latka tracks 3 installment payment and buy now pay later software companies with $1M–$5M in annual revenue. They have combined revenues of $7M and employ 154 people. They have raised $5M and serve 10 customers combined.

Every company below sells installment payment and buy now pay later software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Installment Payment and Buy Now Pay Later Software Companies do

Installment Payment and Buy Now Pay Later (BNPL) Software facilitates a flexible payment option that allows consumers to purchase goods or services immediately and pay for them in manageable installments over time. This model is particularly advantageous for consumers, enabling them to acquire high-ticket items without the burden of an upfront payment. These solutions are typically employed in various retail environments, e-commerce platforms, and service industries, enhancing affordability and improving customer satisfaction. Key features of BNPL software often include user-friendly interfaces for customers, seamless integration with point-of-sale systems, credit risk assessment tools, and the ability to monitor payment schedules. The target users of such software include retailers seeking to increase sales through flexible payment solutions, while financial institutions leverage these platforms to broaden access to credit among consumers. Typical buyer personas include finance professionals, retail executives, and operations managers looking to optimize payment methods and increase customer conversion rates.

Companies
3
Revenue
$7M
Funding
$5M
Employees
154

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Top Installment Payment and Buy Now Pay Later Software Companies With $1M–$5M Revenue

Showing 3 of 3 companies ranked by annual revenue.

1Alternative logo
Alternative

New York, New York, United States

Alternative is a B2B payments and sales enablement company founded by Baxter Lanius that offers flexible pay-over-time financing solutions for SaaS and services businesses. The company fronts capital to vendors on day one, collecting installment payments from end customers over a standard six-month term, charging a 5% fee on each transaction. Alternative operates through a $10 million warehouse credit facility structured in senior and junior tranches, with a blended cost of capital between 10% and 13% and a projected fund IRR in the mid-20s percent range. As of April 2022, Alternative had just launched its go-to-market strategy four weeks prior and counted just over 10 beta customers, all B2B SaaS and services companies. The company had raised just under $15 million in combined debt and equity, including a $5 million seed equity round closed in Q3 2021. Lanius, the sole founder and CEO, previously worked as a fintech technology investor at Apollo Global Management and Victory Park Capital. At full deployment of the $10 million facility, the company projects an annualized run rate of approximately $1.2 million to $1.3 million, driven by recycling capital as monthly installment payments return. Lanius set a target of originating $1 million in new loans in April 2022 alone, the first full month of public go-to-market activity.

Revenue
$4M
Customers
10
Year founded
2021
Funding
$5M
Team size
36
2Atrato logo
Atrato

Mexico City, Mexico

Enabling consumers split the cost of purchases without a credit card

Revenue
$2M
Year founded
2019
Team size
111
3Airfordable logo
Airfordable

Chicago, Illinois, United States

Buy flights for only a fraction upfront and pay off the rest in…

Revenue
$1.1M
Year founded
2015
Team size
7

Frequently asked questions about Installment Payment and Buy Now Pay Later Software Companies With $1M–$5M Revenue

How many installment payment and buy now pay later software companies with $1M–$5M in annual revenue are there?

Latka tracks 3 installment payment and buy now pay later software companies with $1M–$5M in annual revenue. Together they generate $7M in annual revenue and employ 154 people.

Which installment payment and buy now pay later software company with $1M–$5M in annual revenue is the largest?

Alternative is the largest, with $4M in annual revenue, founded in 2021.

How much revenue does a typical installment payment and buy now pay later software company with $1M–$5M in annual revenue make?

The average installment payment and buy now pay later software company in this list makes $2.3M a year, across 3 companies with reported revenue. They serve 10 customers combined.

Who are the leading Installment Payment and Buy Now Pay Later software vendors with $1M–$5M in annual revenue?

Ranked by annual revenue, the leaders are Alternative, Atrato and Airfordable.

How much funding have installment payment and buy now pay later software companies with $1M–$5M in annual revenue raised?

The 3 installment payment and buy now pay later software companies with $1M–$5M in annual revenue tracked here have raised $5M in disclosed funding between them.

Related Commerce Software categories

All Commerce Software SaaS categoriesEvery category we track inside Commerce Software, each ranked by revenue.Browse every SaaS industryThe full A-Z of SaaS categories Latka tracks, from Installment Payment and Buy Now Pay Later to everything else.

Inclusion Criteria

- Must provide options for customers to make payments in installments. - Must include features for credit approval and risk assessment. - Should integrate with e-commerce platforms or POS systems. - Must offer a user-friendly customer interface for payment management. - Should allow for deferred payments without interest for a defined period. - Not just limited to retail; must also cater to service-based businesses. - Must have tools for tracking payment schedules and reminders.