Fly Now Pay Later secures EUR 39 million for travel payments app

Tuesday 19 May 2020 08:32 CET | News

UK-based travel fintech, Fly Now Pay Later, has raised EUR 39.2 million in funding for developing an app to finance travel in a post COVID-19 world.

With Fly Now Pay Later, instead of buying tickets up front, users can spread the cost over 1-12 months, from as low as 0% APR. Travel providers can sign up to be present on the platform, targeting new audiences. Currently, the alternative travel payment provider employs 70 staff in the UK, and its goal is to help the travel industry recover after the COVID-19 pandemic. 

The funds will be mainly used for further developing its proprietary payment technology. Additionally, funding will also support the launch of its new Fly Now Pay Later app, where users can browse options for when travel restrictions are lifted.

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Keywords: Fly Now Pay Later, travel, fintech, funding, travel payments app, buying tickets, COVID-19, pandemic, travel industry
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech