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 by the company to expand its presence in the UK.
Jamie Beaumont is the CEO and founder of Playter. Playter allows businesses to use BNPL for professional service invoices. For SMEs, the company’s platform allows businesses to take control of payment terms. They can spread out the cost of software, agency fees and rent over six or twelve months. SME’s can apply in just five minutes, and they will have funds within 24 hours after gaining access.