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UK-based Playter concludes $ 55 million in a round of BNPL platform – TechCrunch for small businesses

There isn’t a shortage of “buy now and pay later” startups in Europe, a simple search reveals. Berlin-based fintech startup Mondu has spent € 39.9 million to expand its B2BBNPL solution. Madrid’s RITMO has won over € 184 million. Tranch in the UK has launched BNPL in the € 4 million B2B market. Berlin-based Billy has raised approximately € 86.2 million. The list continues!

The latest entry into the BNPL field that attacks the B2B / SME market Preighter A London-based BNPL platform for small businesses. Currently, the $ 55 million round of funding from Adit Ventures and Fasanara Capital has been completed, with Fin Capital, Act Venture Capital and 1818 Ventures also participating. Financing is a mix of equity and debt, but it wasn’t announced what the split would be. This investment follows March’s $ 1.7 million seed funding.

Jamie Beaumont, Founder and CEO of Playter, said in a statement: Currently, there are few B2B purchases made online. We have created a platform that provides complete control for companies to determine their desired payment terms. This allows suppliers to pay for 6-12 months while receiving payment within 24 hours. This superpower helps businesses want to grow in size regardless of market conditions. “

According to Playter, companies can manage payment terms, allowing them to spread software, agency fees, rent, marketing, and other payment costs over 6 or 12 months. SMEs can access the funds within 24 hours of application.

Jon Cholak, Managing Partner of Adit Ventures, said:

Francesco Philia, CEO of Fasanara Capital, said:

https://techcrunch.com/2022/06/23/uk-based-playter-closes-55m-round-for-its-bnpl-platform-aimed-at-smes/ UK-based Playter concludes $ 55 million in a round of BNPL platform – TechCrunch for small businesses

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