London based online consumer financier PayBreak has raised £24.5m in an undisclosed venture funding round from undisclosed investors. PayBreak is changing the way online retailers offer finance to their customers. Through afforditNOW, retailers can offer their customers more flexible and affordable payment terms across all sales channels. Operating and abiding by the Consumer Credit Trade Associations strict code of practice for lenders.
The funds raised through the round will be used to accurate the company’s further growth and development. Chairman at PayBreak, Joost Schuijff added: “Consumer finance is a high growth market and our innovative finance products, resilient, highly scalable technology and operational expertise allow us to make considerable inroads into this market whilst upholding ethical, safe lending for our consumers.”