4 years ago
Fly Now Pay Later Secures £55.2 Million to Expand Travel Financing Services in the US
London-based fintech company Fly Now Pay Later has secured £55.2 million in debt funding from Atalaya Capital Management
The funding will be used to support the company's expansion into the US market
Fly Now Pay Later, founded in 2015, allows consumers to spread the cost of travel expenses through flexible installment plans
The company has partnerships with various travel companies, including Malaysia Airlines and TravelUp HotelsOne.
ProblemFinancial Services
"making travel more accessible and affordable by offering flexible payment options for consumers."
Solution
"Fly Now Pay Later provides a platform that allows consumers to spread the cost of their travel over a flexible duration, partnering with travel merchants and offering direct-to-consumer financing through its Anywhere app."