Case Study: Alma achieves higher conversion and lower processing costs with Stripe

Alma boosts AOV 262% and saves €300,000 with Stripe

Alma, a European fintech company offering a buy now, pay later service, needed a seamless and reliable payment partner to handle its complex transaction process. Their challenge was to provide a smooth customer experience while effectively evaluating credit scores and preventing fraud, all without charging late fees. They turned to Stripe for its payment processing services.

Stripe implemented a high-touch, collaborative solution, providing Alma with dedicated enterprise support and technical expertise. This partnership delivered substantial results, including a 262% increase in average order value for merchants and a 90%+ conversion rate. Alma also achieved significant cost savings, reducing its monthly scheme costs by 57% and saving over €300,000 annually in processing fees, all while scaling quickly across Europe with Stripe's infrastructure.

Alma