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