Fly Now Pay Later, a British fintech company offering consumers globally an alternative and more flexible way to finance travel, has closed a US$75m debt funding package provided by funds managed by Atalaya Capital Management to support expansion into the United States – the largest travel market in the world.
With online US commercial aviation returning to pre-pandemic levels, Fly Now Pay Later will use the new investment to further build out and scale its operational footprint in the world’s largest travel market. As part of the funding package, the New York headquartered financier has also provided an equity investment into the business.