Payl8r raises £40mn funding 

UK buy now, pay later platform Payl8r is set for unicorn status after its recent £40mn funding. 

In Brief:

The funding comes from Conister Bank. 

The Manchester based FinTech says it’s set to become a unicorn within five years. 

In the past year, Payl8r has tripled its lending. 

What does this mean?

In a press release, Payl8r says the funding has the potential to generate another £40mn. It is currently expanding its office space and has built a new in-house creative team. 

Read more here.