ePaylater said to raise $10m in funding

India-based buy now pay later solution ePaylater has reportedly raised $10m in a new funding round.

The capital injection was backed by Responsibility Investments, Blue Ashva Capital, Pravega Ventures and others, according to a report from Economic Times India.

With the capital burst, ePaylater is looking to help more retailers and deepen its existing suite of products.

ePaylater, which was founded in 2015, gives consumers the ability to take out buy now pay later loans at online portals. The consumer will be given 14 days to complete the repayment, with them able to make as many instalments as they want in that period.

The FinTech company also offers a digital card that lets users instantly get credit and pay later for services.

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