Uplift, a Buy Now, Pay Later (BNPL) solution for travel brands, has announced they have secured a new USD 68 million credit line from Atalaya Capital Management.
To date, Uplift has raised a total of approximately USD 695 million since its founding in 2014.
The additional funds will help Uplift extend financing to Uplift customers who want to book now and pay over time for travel purchases in the new year. Uplift is expected to exceed USD 1 billion in transaction volume over the next 18 months in flexible payments for leisure travel purchases.
Uplift's enterprise BNPL solution is available for purchases from the travel brands such as United Airlines, Carnival Cruise Line, Southwest Vacations, and many more. Uplift has partnerships with major travel brands, including airlines, cruise lines, and hospitality companies, to help those companies' customers book travel early and pay over time. Uplift's personalized, targeted offer engine helps match the right payment plan to the right customer.
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