LONDON - Rapidly growing British fintech company, Fly Now Pay Later, which offers consumers a new and more flexible way to finance travel all across the world, has struck a deal with worldwide hotels reservation network, HotelsOne.
The nature of the new partnership will provide flexible finance to FNPL customers who book hotel reservations through HotelsOne. An entire holiday from flights to hotels can be paid through installments, giving consumers access to any luxury hotels or destinations they desire - taking the stress out of arranging a holiday.
“There are millions of consumers who have families around the world who need a frictionless way to finance their flights. By partnering with HotelsOne we can now bring hotels, flights and much more, in an improved manageable financial system” said Jasper Dykes, CEO of Fly Now Pay Later.
The partnership will be rolled out predominantly online & throughout the United States, with plans to reach UK customers through Eurobookings (EU sister site of HotelsOne) as well, opening up this unique service to millions of consumers.
HotelsOne has grown from strength to strength, providing over 600,000 hotel listings on their website, with rapid plans for expansion within 2022 they are aiming to add an additional 400,000 listings which will enlarge their offering into villas and apartments too.
“In 2019 over 20 million visits to HotelsOne accommodation were made. Through partnering with Fly Now Pay Later we’re excited to be able to expand our offerings, and tailor our offering even more closely to our growing and evolving audience” said Marcel Stillekens, Co-Founder of HotelsOne.
Despite the headwinds created by COVID-19, Fly Now Pay Later has continued to secure integral partnerships with companies globally. Founded by CEO Jasper Dykes (32) in 2015, the alternative travel payments provider recently secured a further £10m ($14m) in Series A funding, bringing its total to £45m ($62m) in Series A funding. It now serves thousands of consumers in the UK, US, Germany and this year looking to push the boundaries into new markets.
Fly Now Pay Later is aiming to create over $1B of enterprise value within the next 12 months, driven by the success of its direct to consumer app & digital platform, new partnerships and the rapidly expanding Buy Now Pay Later sector.
“Our success relies on us listening to our consumers and evolving our services accordingly. HotelsOne not only assists us in this but they are also helping us to flourish in new markets like the USA” said Jasper Dykes, CEO of Fly Now Pay Later.
“Our projections are built on past sales and we are confident we will hit them. We are looking forward to growing together this year,“ said Marcel Stillekens, Co-Founder of HotelsOne.
Fly Now Pay Later has focused on building a smooth service product around consumer buying habits. It can be used to book flights, hotels, package holidays, car hire and more and offers frictionless financing options to support businesses and the end consumer.