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Uplift raises USD 68 mln to support growth in anticipation of 2021 travel industry rebound

Friday 8 January 2021 08:28 CET | News

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.

By offering financing to Uplift, Atalaya Capital Management is also casting a vote of confidence in Buy Now, Pay Later as a method of payment and as a business model. 

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Keywords: Uplift, travel, pay later, funding
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce