Funding Circle launches Buy Now, Pay Later for SMEs

Funding Circle, the platform for small business loans, has launched a new Buy Now, Pay Later (BNPL) service.

FlexiPay, which enables SMEs to spread UK invoices and supplier payments over three months, is the first payment product offered by the company.

Funding Circle said that companies can access between £2,000 and £30,000 through the service.

“We are really excited to be using our market-leading technology to launch FlexiPay, which is designed to support small businesses to manage and control their cash flow,” said Lisa Jacobs, Europe managing director, Funding Circle. “The new product enables businesses to buy now and pay later on any business spend in a way that suits them.”

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