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Fly Now Pay Later
Buy-now-pay-later for travel
- 21-100 employees
- Fintech
- B2C
- B2B
- Travel
- Marketplace
- Payments
- City of London, London, UK
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Company mission
Fly Now Pay Later is on a mission to make travel affordable and flexible for everyone.
15% employee growth in 12 months
Our take
Fly Now Pay Later is riding the growing wave of buy-now-pay-later (BNPL) business models with its marketplace dedicated exclusively to the travel industry. As the name suggests, users are able to break up payments for flights and accommodation without using a credit card, instead paying the cost back to the company at a small interest.
BNPL has gone through a resurgence in recent years, particularly amongst younger users who earn steadily, but can not afford large outlays at one time. There have been a few warnings from well known business figures that due to growing inflation rates, the model may not stand the test of time though, so it’s a case of wait-and-see.
Fly Now Pay Later is undeterred however, and with international travel snapping back to pre-pandemic levels, the UK-based company has been expanding rapidly, launching in the US and striking partnerships with the likes of SATA Group Airlines, airline payments network Universal Air Travel Plan (UATP), and MyVoiceTravel, the voice travel assistant service.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 25 holiday days + birthday leave
- Team lunches, get-togethers and a great atmosphere
- Plenty of opportunities for growth and personal development
- Interest-free travel (of course)
- Excellent medical insurance
Funding (last 2 of 4 rounds)
May 2021
$12.7m
SERIES A
May 2020
$44.3m
SERIES A
Total funding: $60.2m
Leadership
Jasper Dykes
(CEO)Fintech entrepreneur and investor who invested in Revolut and Mercury, the digital banking company that provides banking services and accounts specifically for startups. Is also Co-founder & Non Executive Director of Car Financing startup Carmoola.
Stuart Jeffrey
(Executive Director)Veteran CFO, with spells in the role spent at Movebubble, SpeechIntelligence.ai, and DSX Cloud. Was also Non Executive Director of Krzana, a real-time search engine for the financial sector.