PayBreak scores £24.5m for latest funding round

UK-based point of sale lending platform PayBreak has scored a £24.5m funding round.

PayBreak, which is a brand under afforditNOW, is a trading platform that helps retailers set up flexible and affordable payment terms through all sales channels for customers.

Currently the platform operates within the retail, healthcare, education and training sectors.

This funding round saw both return investors and existing shareholders take part.

The capital will help the company continue to grow and develop, having seen significant growth over the last year.

PayBreak chairman Joost Schuijff said, “Consumer finance is a high growth market and our innovative finance products, resilient, highly scalable technology and operational expertise allow us to make considerable inroads into this market whilst upholding ethical, safe lending for our consumers.”

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