Payment solution platform UpLift has raised $15m from four investors after a series B funding round.
The round was led by Draper Nexus Ventures, which invested alongside PAR Capital Management, Erik Blachford and Highgate Ventures.
Including the most recent funds raised, the company now has just shy of $100m to put to work after receiving an additional $75m in debt financing this month.
UpLift aims to make travel more accessible by providing travel providers with its software which allows flexible payments. The platform improves travel marketing metrics, including conversion, booking value, channel loyalty and ancillary revenue.
It has recently launched UpLift Pay Monthly which provides consumers with a monthly payment option in the booking process. It has been adopted by a number of high profile clients, including United Airlines, SouthWest Airlines and JetBlue Airways, among others.
The funding raised will be used to continue the growth of the pay monthly solution and market it globally.
Founder of the business Brian Barth said, “There is an acute need for travel-specific solutions that make consumer travel more affordable, accessible and rewarding, while providing upside revenue opportunities for suppliers without any operational impact.
“The capital events announced today allow us continue to scale and accelerate our solution across travel categories and worldwide.”
The company first raised capital in 2014, and pulled in $8.1m in a series A round led by Ridge Ventures.
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