12 January 2022

Fly Now, Pay Later FinTech raises £55mn for US expansion 

Written By FinTech Alliance

Fly Now, Pay Later FinTech raises £55mn for US expansion 

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. 

Read more here.

Up Next ...
20 January 2022

Spendesk is now a unicorn 

Spendesk, a spend management FinTech, has reached a valuation of ...

20 January 2022

Zopa reaches £1bn in customer savings 

Peer to peer lending platform Zopa has attracted a total ...

20 January 2022

SEON is the fastest growing fraud prevention company in the world 

Hungary-founded fraud prevention business, SEON, has been named the fastest ...

19 January 2022

Press Release: FinTech Alliance announces third annual investment series, with a UK-wide focus

London, UK, 19th January 2022 – FinTech Alliance has announced ...

More in Consumer Lending

Mastercard partners with Zilch on buy now, pay later for Europe 

13 January 2022

Mastercard and UK FinTech Zilch have announced an expanded partnership ...

Another Buy Now, Pay Later FinTech is launching in the UK

05 January 2022

PollenPay, a new UK FinTech, is preparing for launch in ...

One in 4 consumers concerned about credit card spending at Christmas

16 December 2021

Klarna, which is seeking to be an alternative to credit ...

Butter partners with Ophelos for debt repayment

16 December 2021

Buy now, pay later provider Butter is partnering with debt ...

Articles Consumer Lending

2021 State of credit

11 October 2021

In partnership with Propeller Insights, Marqeta conducted a survey of 3,500 consumers across the US,...

Articles Consumer Lending

What’s next: How consumer goods leaders envision tomorrow

27 July 2021

In partnership with The Consumer Goods Forum, PwC’s latest report examines how business leaders are...

Articles Consumer Lending

EBA consumer trends report 2020/21

01 June 2021

The report covers the retail banking products and services that fall within the EBA’s consumer prote...

Articles Consumer Lending

Consumer use of payday, auto title, and pawn loans

01 June 2021

In this research brief, we examine the prevalence, persistence of use, and alternate credit sources...

There are no Events in this category