Fly Now Pay Later Raises $42 Million for Loans: Travel Startup Funding This Week
Photo Credit: A view from The Edition hotel in Barcelona. European travelers can pay for trips in monthly installment payments thanks to Fly Now Pay Later. Marriott
Skift Take
Uplift and Affirm have seen gains from installment payments for travel purchases in the U.S., and the London-based startup Fly Now Pay Later wants to apply the model in Europe. The concept could help cash-strapped people resume trips.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
This week, travel startups announced about $45 million in funding.
>>Fly Now Pay Later, a London-based startup, has raised about $6 million in equity and about $36 million in debt for a total of about $42 million (€39.2 million).
Revenio Capital, Shawbrook Bank, and BCI Finance participated in the Series A financing. Fly Now Pay Later began offering installment payments to consumers in 2015. Before this round, it raised an undisclosed amount of "several millions" in venture and debt.
