PayBreak, an Altrincham, UK based fintech company, secured an additional £15m in funding in July.
Specialist banking group Paragon provided the funds, which is allowing the company to expand its lending capacity.
Led by Julia Throop, Managing Director, and Joost Schuijff, Chairman, PayBreak specializes in innovative digital point of sale finance through online retailers, allowing customers to spread the cost of payments on purchases through its afforditNOW online lending platform.
Using experience in banking, payments, and e-commerce, the company uses advanced analytics, flexible finance solutions and technology to enable real-time lending decisions to retailers at the point of sale along with individual customers.
Clients include health and life insurance firm Vitality.