About PayL8r
PayL8r is a Financial Services company based in Manchester (United Kingdom) founded in 2014. Online marketplace for purchase financing. PayL8r has raised $55.15 million across 1 funding round from investors including Conister Bank. Its website payl8r.com draws about 83 thousand monthly visits. PayL8r offers products and services including Retail Finance, Merchant Integration, and Open Banking Tools. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is SOCIAL MONEY LIMITED. Its competitors include Zilch, Raylo Pay and Deko; 2 of its 3 listed competitors have raised funding.
Company details
PayL8r was founded in 2014 in Manchester, United Kingdom, within the fintech sector focused on purchase financing. An online marketplace is operated to allow users to acquire products from various stores through installment payments, facilitated by payment cards or bank transfers. Tools are also supplied to merchants for integrating and accepting these installment options in their operations.
- Headquarters Manchester, United Kingdom
- SectorsFinancial Services
- Email••••••••
- Website payl8r.com
- Social LinkedIn X Facebook Instagram
- Legal Name Social Money Limited
- Date of Incorporation 02 May, 2012
- Jurisdiction ALTRINCHAM, GREATER MANCHESTER, UNITED KINGDOM
- Total Equity Funding$55.15M (USD)
in 1 rounds
- Latest Funding Round$55.15M (USD), Series C
Jul 2021
- Investors
Products & Services of PayL8r
PayL8r offers a comprehensive portfolio of products and services, including Retail Finance, Merchant Integration, and Open Banking Tools.
Offers flexible payment plans for retail purchases up to £3,000
Enables businesses to add finance options at checkout seamlessly
Uses real-time data to evaluate customer credit fairly
Funding Insights of PayL8r
PayL8r has successfully raised a total of $55.15M through 1 strategic funding round. The most recent funding activity was a Series C round of $55.15 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $55.15M
- Total Rounds 1
- Last Round Series C — $55.15M
- First Round $55.15M
(Jul 2021)
- Investors Count 1
All 1 funding rounds of PayL8r with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $55.15M | Series C | – | Conister Bank | – |
1 investors in total: 1 institutional.
Investors in PayL8r
PayL8r has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Conister Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers savings accounts, personal loans, mortgages, and business finance services locally. | 1935 | conisterbank.co.im | Douglas, United Kingdom |
Investor details for PayL8r
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of PayL8r
9 people are tracked at PayL8r (4 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Samantha Palmer | Managing Director | Leadership |
Louis Alexander | CEO | Leadership |
Jason B. | CTO | Leadership |
Samantha Fogerty | Chief Operating Officer | Leadership |
Lindsey O'Neill | Senior Talent Sourcing & Relations | Team |
Greg Bateman | Operations Manager | Team |
Kellyanne Porter | Collections Team Leader | Team |
Rachel Meehan | Marketing Manager | Team |
Jordan Palmer | Lead Developer | Team |
Complete people profiles for PayL8r
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PayL8r
2 dated milestones of PayL8r across 7 years, from founding to its latest funding, stage changes and deals.
- Founded PayL8r is founded.
- Funding First funding round of $55.2M.
Competitors of PayL8r
PayL8r has 3 listed competitors in our database, 2 of them funded. They include Zilch, Raylo Pay and Deko.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zilch.com | 2018 | London, United Kingdom | $566.17M | Direct-to-consumer ad-subsidised payments network | ||
| raylopay.com | 2018 | London, United Kingdom | $7.67M | 69 | POS financing solutions are offered to businesses through monthly subscriptions. | |
| dekopay.com | 2008 | London, United Kingdom | 48 | Purchase financing is enabled through a B2B2C multi-lender platform. |
Detailed competitors of PayL8r
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PayL8r
The website of PayL8r (payl8r.com) receives about 82.9K visits a month.
- Monthly visits82.9K
▼ 17.3% vs previous month
Websites whose visitors overlap most with PayL8r. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fashionworld.co.uk | 100% | #77,914 | View details | ||
simplybe.co.uk | simplybe.co.uk | 93% | #28,953 | – | |
| youtube.com | 63% | 30.4B | #2 | View details | |
| google.com | 59% | 85.8B | #1 | View details |
Top companies in Alternative Lending
2 companies that operate in the same segment as PayL8r (Alternative Lending) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Payl8r
Complete news archive for PayL8r
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about PayL8r
PayL8r was founded in 2014 and raised its 1st funding round 7 years after it was founded.
PayL8r is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
PayL8r is a funded company, having raised a total of $55.15M across 1 funding round to date. The company's 1st funding round was a Series C of $55.15M, raised on Jul 2021.
PayL8r was founded in 2014 in Manchester, United Kingdom, within the fintech sector focused on purchase financing. An online marketplace is operated to allow users to acquire products from various stores through installment payments, facilitated by payment cards or bank transfers. Tools are also supplied to merchants for integrating and accepting these installment options in their operations.
PayL8r offers Retail Finance, Merchant Integration, and Open Banking Tools.
PayL8r has 1 investor. Key investors include Conister Bank.
PayL8r operates through Social Money Limited.