Playter, a London-based growth platform that helps SME’s scale quicker with buy now, pay later (BNPL), closed a $55m equity and debt funding round.
The round was led by Adit Venture Capital and Fasanara Capital, with participation from Fin Capital, Act Venture Capital, and 1818 Ventures.
The company intends to use the funds for expansion within the UK market.
Led by Jamie Beaumont, founder and CEO, Playter brings BNPL to the B2B space enabling businesses to pay for professional services invoices. For SMEs, the company’s platform allows businesses to take control of payment terms. This means that they can spread the cost of software, agency fees, rent, marketing, and many more payments over 6 or 12 months. SMEs can apply in five minutes and access funds in as little as 24 hours from gaining access to the platform.