Supporting the businesses and customers overlooked by traditional lenders. For business use only.
Supporting the businesses and customers overlooked by traditional lenders. For business use only.
Business: FCA-authorised UK retail finance provider (trades as Payl8r; legal name Social Money Ltd)
Product: Point-of-sale retail finance and second-line lending for merchants (loans £50–£3,000; terms 3–24 months)
Tech: Uses Open Banking for real-time affordability and counter-offer workflows
Funding: £40.0m debt facility announced Jul 26, 2021 (lead: Conister Bank)
Headcount & HQ: ~30 employees; Manchester / Altrincham, United Kingdom
Financial inclusion and point-of-sale lending for customers declined by primary lenders.
Fintech / Retail Finance
£40,000,000.00
Debt facility announced July 26, 2021
“Conister Bank led disclosed July 2021 debt financing”