Other companies that participated in this funding round are Draper Nexus, Ridge Ventures, Highgate Ventures, Barton Asset Management, and PAR Capital. Previously, Uplift raised USD 23 million in funding.
The startup works with partners like Allegiant Travel Company and Kayak to offer financing to travellers, allowing them to pay for their trips in monthly instalments. Moreover, the payment option Uplift Pay Monthly has been adopted by travel brands and can be found, for example, on the vacation package sites of United Airlines, American Airlines, JetBlue Airways, and Southwest Airlines.
The new funding aims to allow Uplift to bring on new partners, offer new services, and grow the business. At the same time, the startup will remain focused on travel and on reaching consumers through its partners rather than launching a marketplace of its own.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.