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Fly Now Pay Later raises $13.8m for its planned US expansion | Digital Payments | Fintech Magazine

the credit intermediary that works with travel companies to help customers spread the cost of their travel, has raised $13.8m in it’s latest funding round, and has announced plans to expand to the US.

The alternative travel payments provider currently works with more than 250 travel companies globally, including Emirates, Expedia and Booking.com, and enables customers to have flexible payment options on travel purchases. Users can spread the cost over periods of one to 12 months, and interest can be as low as 0% APR.

According to information on it’s website, Fly Now Pay Later, which currently employs around 70 staff in the UK, facilitates loans of up to $4,000. The fintech charges a one off transaction fee of 14.99%. Payments and agreements can also be monitored and arranged through the company’s direct-to-consumer Anywhere app.

Fintech US expansion

According to reports, Fly Now Pay Later has already been beta-testing its technology stateside since autumn 2020 and will use…

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