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.
Adit Venture Capital was the lead investor, Fasanara Capital participated with 1818 Ventures and Act Venture Capital.
The funds will be used to expand the business in the UK.
Jamie Beaumont is the CEO and founder of Playter. Playter allows businesses to use BNPL for professional services invoices. For SMEs, the company’s platform allows businesses to take control of payment terms. Spreading the cost for software, agency fees or rent, as well as marketing costs, can be done over 6-12 months. SME’s can apply in just five minutes, and they will have funds within 24 hours of gaining access.