Playter Pay to get £1 million in debt and equity funding.

Playter Pay, a London, UK-based startup building a BNPL business around SMEs recruitment process, announced that it secured £1 million for financing the company.

The money is a combination of both debt and equity, provided by investors whose name was not disclosed.

The proceeds will be used to expand operations as well as marketing and development efforts.

Playter Pay, founded in 2018 by CEO Jamie Beaumont, builds what thay call a "Hire Now, Pay Later" business, a financial service producs that helps SMEs to borrow and spread the cost of their recruitment invoices over 6 months whilst paying the recruitment agency within 24 hours of invoice.