Fly Now Pay Later has secured £35mn in Series A funding.
Fly Now Pay Later will allow customers to split the cost of a trip over 12 months.
It works with leading brands like lastminute.com.
The round raised equity and debt investment and included Revenio Capital, Shawbrook Bank and BCI Finance.
What does this mean?
The company offers options to book not just flights but also hotels, car hire and insurance. With travel currently put largely on hold, it’s hoped that this will encourage people to spend and help both business and consumer once borders reopen. The new funding will help grow UK operations as well as launching the app.