Fly Now Pay Later secures £54.7m in debt finance from Atalaya Capital Management to fund expansion
Atalaya Capital Management provided the debt and equity funding package to support growth in the United States.
Fly Now Pay Later provides alternative finance solutions for consumers to spread the cost of travel bookings. The company operates in core markets including the UK, US, and EU.
Fly Now Pay Later has secured a debt financing package of £54.7m from Atalaya Capital Management. The funding includes an additional equity investment from the New York based firm. The capital will be deployed to scale operations within the United States travel sector following previous investment rounds.
From the founder
"To have secured another landmark amount during one of the worst slow downs in travel history after it ground to a halt is testament to the efforts of the whole team."
Jasper Dykes
founder and chief executive at Fly Now Pay Later
Investor perspective
"Fly Now Pay Later has handled the past 24 months admirably. It’s a strong brand in a high growth mode, that’s well positioned to capture the buoyant category demand."
James Intermont
Principal, Atalaya Capital Management
Use of funds
- 01Scale operations
Investors
Categories
About the company
Fly Now Pay Later
Fly Now Pay Later provides flexible payment solutions for travel consumers globally.