UK-based Playter Raises $55m to Expand B2B BNPL Platform

Funding Rounds

▤ Summary

Playter, a London-based growth platform that helps SMEs scale quicker with buy now, pay later (BNPL), has today announced the closing of a $55 million funding round from the backers of Klarna, SoFi and Pipe. Weve created a platform that gives total control for businesses to dictate what payment terms they want to have, helping them pay over 6-12 months, whilst their suppliers are still paid within 24 hours. Playters management team, technical platform and customer-first focus all make for a compelling investment opportunity, and we see a growing need for their services across the ecosystem particularly as capital and credit conditions tighten because of broader macroeconomic trends.Playter has a truly unique commercial model, boasting a world-first subscription model within the B2B lending markets. This means all funding is non-dilutive, unsecured, and carries no interest either.Francesco Filia, CEO of Fasanara Capital, said: We are delighted to partner with Playter. Looking ahead, Playter will continue to build on its unique approach to scaling businesses to set a new standard for SME funding with speed and simplicity.

$ Funding

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Amount $55.0M Total raised
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Date June 22, 2022 Announcement date
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Investors Klarna Lead investors
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Company https://www.playter.co Funded company

▥ Classifications

industries
Retail
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Embedded Finance SaaS Financial Software

▦ Linked Companies