London-based fintech company, PayBreak, announced it raised £24.5 million during its latest fundraising round. According to the company, the round was supported by existing shareholders and saw new investors as well. Speaking about the round, managing director of PayBreak, Julia Throop stated:
“The fundraising shows high confidence in our performance to date and expectation for the future.”
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.”