11/11/2023 0 Comments Kayak fly now pay later“This investment is a welcome boost to the sector, and provides us with adequate cash flow to help steer us through these challenging times. Many companies have been affected and we are not different. The company, which was co-founded by Jasper Dykes, raised £35 million in May and is looking to expand into Germany before the end of June followed by a move into France.ĭykes says: “Few industries have been affected as significantly as tourism in the wake of Covid-19. On its website the company uses this example: borrowing £600 over nine months, a one off transaction fee of 14.99 per cent is payable (fixed), you will repay nine monthly payments of £66.66 per month. Interest rates vary between 0 and 40 per cent. Users of the service can borrow up to £3,000 and stagger repayments for the cost of their trip over a period of up to 12 months. It could particularly appeal to cash-strapped Gen Z (read Globetrender’s Gen Z Horizons report to learn more) and is similar to Swedish post-purchase payments platform Klarna, for online shopping.įly Now Pay Later, a credit intermediary, works with about 250 travel companies including Emirates, Expedia and. Travel start-up Fly Now Pay Later is offering budget-conscious travellers the opportunity to pay for their holiday in installments, even after they’ve returned home. Could Fly Now Pay Later be an ideal way for young people to fund post-Covid getaways? Sam Ballard reports A company that lends its customers money to go on holiday has raised £35 million in investment.
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