Fly Now Pay Later (FNPL), a UK-based BNPL provider focused on the travel industry, has raised GBP 55 million (approx. USD 75 million) in a debt funding round from Atalaya Capital Management. The round follows its extended Series A round worth GBP 10 million (approx. USD 14 million) in May 2021. Moreover, FNPL reportedly received an undisclosed equity investment from Atalaya alongside the debt funding.
The debt infusion is earmarked to support its expansion efforts in the US, which it entered into in 2020.