Playter

Playter Pay is a UK-based BNPL solution specifically designed for businesses to finance the costs of their professional services (legal fees, recruitment costs, marketing, rent and software fees). For recruitments, Playter Pay covers the cost of the recruitment agency within 24 hours while the business pays over six monthly installments at 0% interest. In January 2023, the company launched “Paid”, a B2B BNPL solution allowing SME clients to extend BNPL payment terms up to 12 months.The platform also offers ancillary HR software for recruiters and businesses to post job ads. Playter Pay generates revenue through commission-based arrangement fees and subscription fees (GBP 250/USD 345) charged to the recruitment agency, representing a percentage of the invoiced amount. Furthermore, it charges a processing fee from businesses that contract the installment financing service. As of June 2021, Playter Pay had more than 500 businesses as clients.

Funding and financials

Playter raised USD 55 million through a combination of debt and equity funding in June 2022 . The round was co-led by Adit Venture Capital and Fasanara Capital. The fresh funds are earmarked to support its expansion plans in the UK. The round followed its USD 1.7 million seed funding round co-led by Fin Capital and 1818 Ventures in March 2022 . Although specific metrics were not disclosed, it reported a more than 10x growth in revenue in the months preceding the seed round.

Key competitors: None comparable (Playter allows businesses to finance professional services costs including legal, recruitment, and software costs)