ePayLater said to close $2.5m in fresh funding

Buy now, pay later platform ePayLater has reportedly raised around $2.5m in funding to support its growth.  

The investment was led by Pravega Ventures, with additional commitments coming from internal investors, according to a report from Inc 42.

With the funds, the FinTech hopes to bolster its position in the market, with a focus on the retail space.

The FinTech, which was founded in 2015, offers buy now and pay later services to let consumers get quick access to loans.

There have been a number of buy now, pay later solutions to raise capital over the past few months. London-based platform Zilch collected a $40m round and Saudi Arabia-based startup Tamara raised a seed round.

Earlier this year, San Francisco-based Affirm launched its shares on the Nasdaq, rising from $49 per share to $100 apiece on the first day.

Here are seven POS lending platforms to raise funds in recent months.

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