“Fly Now Pay Later” funding: raises €39.2 million

Fly Now Pay Later

The London based startup “Fly Now Pay Later” raises €39.2 million from Revenio Capital, Shawbrook Bank, and BCI Finance in Series A round of funding.

The company wants to use it for expansion in Europe like France, Germany, etc. Also wants to add more travel booking partners.

Founder & CEO of Fly Now Pay Later, Jasper Dykes says “Few industries have been affected as significantly as tourism in the wake of COVID-19. Many companies have been affected and we are no different. This investment is a welcome boost to the sector and provides us with adequate cash flow to help steer us through these challenging times”.

Founded in 2015 by Jasper Dykes in the UK. Fly now Pay later is a fintech company that allows people to travel by paying the traveling expenses in installments. Therefore, providing flexibility to its consumers instead of buying tickets in one go, the expenses can be spread over with 1-12 months of time period. The current team consists of 70employees in total.

Founder & CEO of StartupLanes, Shishir Gupta says no doubt COVID impacted the traveling sector. People will be extra cautious to move from one city/country to another. Also traveling abroad includes a huge costs. Here companies like Fly Now Pay Later come as a benison for people who love traveling. Congratulations to Jasper Dykes and the team. My best wishes to you. Hoping the COVID situation will resolve soon and we will be back to normal life.

The global online travel market was worth more than US$629 billion in 2017, and is predicted to reach almost US$818 billion by 2020.

According to the UNWTO report 2019, globally, 1 in 10 jobs are linked to the travel and tourism industry.