Playter Paid is a win-win product for SMEs.

Playter, a provider of B2B Buy-Now-Pay-Later for small and medium-sized businesses in the UK, has introduced a new credit offering called “Paid.” The company’s mission is to help SMEs release cash flow for growth and investment by offering flexible financing options.

With the addition of Paid, Playter’s clients can now offer their own customers extended BNPL payment terms of up to 12 months, which can help drive sales and close deals by allowing customers to settle invoices in manageable monthly installments, while still getting paid in full and on time. This creates liquidity and opportunities for growth for both the business and its customers. (CISION PR NEWSWIRE)

The launch of Paid is a key part of Playter’s plan to create a comprehensive credit platform that allows SMEs to access up to £1,000,000 of funding to drive growth. Paid enables users to combine both Playter Pay and Playter Paid as part of a 360-degree financing toolkit, spreading outgoing bills, while being paid for their receivables instantly.

CEO of Playter, Jamie Beaumont, said in a statement: “SME’s can use clever credit to both increase revenues through customer acquisition whilst decreasing cash outflow by never having to pay an invoice up front ever again, removing many cashflow worries for business owners in a tough economic market.”

This new addition to its original product Playter Pay ensures that suppliers get paid the full amount of their invoice on day one, while Playter allows the customer to spread the cost of the invoice through an easy payment plan.

Businesses can make their cash go further and free up time spent chasing invoices by using Paid.

Playter therefore provides accessible, affordable funding for SMEs.

Related Story:  Middle-East Focused BNPL Fintech Tabby Lands $58M Funding