Playter Pay plans to use the funds to support expansion within the UK. Here are the top-line bullets you need to know.
Playter Pay, a provider of B2B buy now, pay later (BNPL) services, has raised $55M in a mix of debt and equity from investors including 1818 Venture Capital, ACT Venture Capital, and Fin Capital, among others.
HOW’S THE COMPANY PERFORMING?
- UK-based Playter Pay enables businesses to pay off invoices over the course of 6 months to a year.
- The company’s software partners include Webflow, Slack, Stripe, AWS, Airtable, and Zendesk.
- Playter Pay’s office is located in Paddington, London.
Source: Playter Pay
WHY DOES THE MARKET MATTER?
- The global BNPL market is expected to reach a value of $90.5B by 2029, growing at a CAGR of 21.7%, according to Fortune Business Insights.
- The rising adoption of e-commerce and online payment methods has contributed to market growth.
- There have been major acquisitions in this space as well, such as Square acquiring AfterPay for $29B.
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