4 years ago
Butter Raises £15.8M to Expand its BNPL Travel Agency
Butter, a London-based fintech platform providing a Buy Now Pay Later (BNPL) solution for travel, closed a £15.8m funding round led by BCI Finance, the credit arm of Blenheim Chalcot, along with other angel investors
The company plans to use the funds to accelerate the rollout of its open-banking based BNPL shopping app
Butter allows customers to spread the cost of purchases from any online store without requiring merchant integration, with repayment options over 2, 3, or 4 months
The company has achieved full FCA regulation and has over 100,000 customers.
ProblemFinancial Services
"making travel bookings with no immediate payment required"
Solution
"providing a Buy Now Pay Later (BNPL) travel agency app that allows customers to book travel and repay the cost in instalments"