Act Venture Capital backs buy now pay later firm Playter
Dublin-based VC joins Klarna backer Adit Ventures in new $55m debt and equity raise for the British start-up
Act Venture Capital, the Dublin-based VC firm, has participated in a $55 million debt and equity round for buy now pay later (BNPL) company Playter, which is focused on SMEs rather than consumers.
London-based Playter helps SMEs manage their cashflow by allowing them to split invoice payments via a non-revolving credit facility. It charges a monthly subscription charge but no interest fees.
SMEs can apply in just five minutes and access funds in as little ...