28 July 2021

Payl8r raises £40mn funding 

Written By FinTech Alliance in Payments

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. 

Up Next ...
22 November 2024

Eden AI raises €3M seed round to bridge the gap between AI models and business needs

Eden AI, which works with more than 500 organisations including the Council of Europe and Atos, translates sophisticated AI models into practical tools for businesses...

22 November 2024

City Bank Adopts TranzAxis for E-Commerce Payment Solutions

This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.

22 November 2024

Zellis summit maps bold future of innovation

Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features

21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

More in Payments

Paymentology partners with Sopra Banking Software

25 April 2024

Aimed at delivering comprehensive card issuing services. In brief:- The strategic ...

Banking Circle Business AML team best-in-class

11 April 2024

Banking Circle Business AML team recognised for best-in-class strategy. In brief:- ...

Klarna launches data hub

05 April 2024

Including facts on how Brits use its credit products.In brief:- ...

Visa and Mastercard lower fees

27 March 2024

Visa and Mastercard reach $30bn interchange fee settlement with merchants.In ...

White Papers Payments

Deloitte and Mambu guide to Buy Now, Pay Later

02 October 2023

Buy Now, Pay Later (BNPL) is finance for the digital age. This report focuses on the online BNPL mar...

White Papers Payments

Building a business card program in today’s digital fist landscape

12 June 2023

For many financial institutions (FIs), the rapid transformation to a digital-first mentality greatly...

White Papers Payments

The Case for Payments as a Service

28 March 2023

The demands on financial services technology have increased significantly and the pace of change con...

White Papers Payments

How the rise of PayTech is reshaping the payments landscape

28 March 2023

PayTechs’ relentless disruption means that only banks and payment service providers that offer “valu...

There are no Events in this category