Fly Now Pay Later, a London, UK-based fintech startup focused on the travel industry, raised £35m in Series A equity and debt funding.
The round was led by Revenio Capital with participation from Shawbrook Bank and BCI Finance.
The company will use the funds to support its product offering in the UK including further development of its proprietary payment technology designed to offer travel providers with payment solutions for their customers, launch a consumer payments app called “Fly Now Pay Later”, offering a flexible payment solution that will ensure flights are financially accessible for people and businesses looking to book their trip with any provider once travel restrictions are lifted, followed by France later this year.
Led by Jasper Dykes, CEO, Fly Now Pay Later is an FCA regulated alternative payment provider making it easier and more flexible for people to spread the cost of big-ticket trips and flights from as low as 0% APR.
The travel payment provider currently employs 70 staff in the UK and is aiming to support each market over the next year in line with customer demand and as travel restrictions ease.