London based BNPL form Fly Now, Pay Later, has secured £55.2mn.
In Brief:
Fly Now, Pay Later offers installment payments in the airline sector.
It’s secured the debt funding package from Atalaya Capital Management.
This brings the total debt and equity funding raised by Fly Now, Pay Later to £110mn.
What does this mean?
Fly Now, Pay Later brings the flexible payment and lending options popularised in sectors like fast fashion to the travel market. It currently partners with “hundreds” of travel companies and will use its new funding to reach US businesses – planning to add more than 250 staff globally in 2022.
