Playter raises £1m in seed funding to expand its recruitment payment platform.
Playter secures £1m led by a consortium of investors to develop its recruitment payment solution.
Playter operates a growth platform providing buy now, pay later services for small and medium enterprises. The company is headquartered in London.
Playter has secured £1m in a seed round comprising both debt and equity financing. The funding was led by a consortium of investors to support the expansion of the company's payment platform.
The capital will enable small and medium businesses to spread recruitment fees over six months while recruitment agencies receive payment within twenty-four hours. Several fast-growing British technology start-ups have already adopted the platform.
The fresh funds will be directed towards internal hiring, marketing initiatives, and enhancing the overall user experience for customers.
From the founder
"Playter brings to market a completely unique product that allows agencies to focus on what they do best – finding the right candidate for their client – and enabling SMEs and the recruiters who serve them to grow and thrive."
Jamie Beaumont
CEO at Playter
Use of funds
- 01Grow the team
- 02Invest in sales and marketing
- 03Continue product development
