B2B buy now pay later platform Playter has reportedly collected $55m in funding, which was mixed with debt and equity.
The funds were deployed by Adit Ventures, Fasanara Capital, Fin Capital, Act Venture Capital and 1818 Ventures, according to a report from TechCrunch.
It was not revealed what the split between debt and equity was.
This funding comes just months after PLayter’s seed round, which closed on $1.7m in March 2022.
Playter is a B2B BNPL platform that helps companies improve their cashflow by spreading payments across six to 12 months.
Playter founder and CEO Jamie Beaumont told TechCrunch, “BNPL for business is a completely different concept to B2C BNPL. Right now, there are very few B2B purchases happening online.
“We’ve created a platform that gives total control for businesses to dictate what payment terms they want to have, helping them pay over 6-12 months, whilst their suppliers are still paid within 24 hours. With this superpower, we help businesses that want to scale regardless of the market conditions.”
This is the second B2B BNPL service to close funding this week. Hokodo picked up $40m, as it looks to expand into new European markets and build new products.
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