B2B BNPL Startup Playter Raises $55m from Klarna, Sofia and Pipe

  • Fundraising News
  • 23.06.2022 09:20 am

Playter, a BNPL company based in the United Kingdom, has secured a $55 million loan and equity round led by Klarna, SoFi, and Pipe. 

Adit Venture Capital and Fasanara Capital led the round, and Fin Capital, Act Venture Capital, and 1818 Ventures also participated. The financing follows $1.7 million in seed funding in March. 

Playter offers to assist SMBs minimise their burn rate by allowing for the instalment payment of professional services fees. 

Launched last year, the platform enables firms to access up to £300,000 without incurring any interest fees or revenue sharing for a monthly subscription fee beginning at £550. 

Jamie Beaumont, founder and CEO of Playter, states, "Business-to-business BNPL is an entirely different notion than business-to-consumer BNPL. There are currently very few B2B transactions occurring online. We've established a platform that provides businesses complete control over their payment terms, allowing them to pay over 6-12 months while their suppliers are still paid within 24 hours." 

CEO of Fasanara Capital, Francesco Filia, explains the investment rationale: "We are thrilled to work with Playter. As capital for early-stage firms dries up, Playter presents a new and extremely flexible funding proposition that we believe will have a significant positive impact on the ecosystem.

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