Pay4Later, a London, UK-based fintech company that gives merchants a solution to offer finance to their customers, received a growth investment of undisclosed amount.
Backers included new investor Honeycomb Investment Trust plc, an investment trust managed by Pollen Street Capital Limited, and existing investor MissionOG.
The company intends to use the funds to accelerate growth and further enhance its suite of services that connect merchants and their customers directly to immediate financing solutions.
Founded in 2008 and led by CEO Scott Law, Pay4Later has developed a smart technology platform that connects lenders and merchants to give consumers a better way to finance expensive items, such as jewellery, electronics, healthcare and education.
The company currently provides services to over 1,400 merchants.