Fly Now Pay Later, a UK alternative payments provider, raised a further £10m ($14m) in Series A funding, bringing its total to £45m ($62m).
The round was co-led by asset management firms Revenio Capital and Taurus Wealth Advisors.
The company intends to use the funds to launch US and grow UK and German operations.
Founded by CEO Jasper Dykes, Fly Now Pay Later is a fintech company providing an alternative payments solution exclusively for the travel sector. This enables customers to spread the cost of a trip over up to 12 monthly installments by partnering with travel merchants or directly to consumers through its Anywhere app.
Hundreds of travel companies use it to offer finance (from as little as 0% APR) to holidaymakers, who can make repayments in affordable scheduled installments. Its merchant partnerships range from SME travel operators to leading operators like Malaysian Airlines, Lastminute.com and TravelUp.