About PayL8r
PayL8r is a company based in Manchester (United Kingdom) founded in 2014.. PayL8r has raised $55.15 million across 1 funding round from investors including Conister Bank. PayL8r offers products and services including Retail Finance, Merchant Integration, and Open Banking Tools. PayL8r operates in a competitive market with competitors including Klarna, Afterpay, Zilch, Laybuy and DivideBuy, among others.
- Headquarter Manchester, United Kingdom
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Social Money Limited
- Date of Incorporation 02 May, 2012
- Jurisdiction ALTRINCHAM, GREATER MANCHESTER, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$55.15 M (USD)
in 1 rounds
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Latest Funding Round
$55.15 M (USD), Series C
Jul 27, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of PayL8r
PayL8r offers a comprehensive portfolio of products and services, including Retail Finance, Merchant Integration, and Open Banking Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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 Total Funding
- Total Rounds 1
- Last Round Series C — $55.2M
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First Round
First Round
(27 Jul 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Series C - PayL8r | Valuation | Conister Bank |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PayL8r
PayL8r has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Conister Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Offers savings accounts, personal loans, mortgages, and business finance services locally.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayL8r
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PayL8r
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payl8r Comparisons
Competitors of PayL8r
PayL8r operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Klarna, Afterpay, Zilch, Laybuy and DivideBuy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated through an online platform for purchases.
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| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Direct-to-consumer ad-subsidised payments network
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| domain | founded_year | HQ Location |
App-based platform for point of sale financing
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| domain | founded_year | HQ Location |
Interest-free credit is offered for consumer purchases via retail partners.
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| domain | founded_year | HQ Location |
POS financing solutions are offered to businesses through monthly subscriptions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Payl8r
Frequently Asked Questions about PayL8r
When was PayL8r founded?
PayL8r was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Where is PayL8r located?
PayL8r is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Is PayL8r a funded company?
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 27, 2021.
What does PayL8r do?
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.
What products or services does PayL8r offer?
PayL8r offers Retail Finance, Merchant Integration, and Open Banking Tools.
Who are PayL8r's investors?
PayL8r has 1 investor. Key investors include Conister Bank.