Playter Ltd is a London-based fintech founded in 2020 offering Buy-Now-Pay-Later (BNPL) style invoice finance for UK businesses. It allows companies to spread invoice payments over 3 to 12 months, while suppliers receive immediate payment. Playter operates under an unregulated, interest-free credit model and is not FCA-authorised for regulated lending products. This lender may suit SMEs seeking short-term, interest-free instalment facilities rather than traditional bank loans or longer-term financing. For more on similar business loans and invoice financing options, see our guides.
Key Features of Playter Ltd
Playter provides practical features to support quick and flexible business finance for UK limited companies and LLPs.
- Digital, fully online application with e-signatures and quick decisions within 24 hours; learn about the loan application process.
- Interest-free credit option with fixed fees, replacing traditional APR for easier cash flow management; understand interest rates and annual percentage rate.
- Flexible instalment plans between 3 and 12 months, with suppliers paid in full upfront within 1 business day; see how advance payments work.
Funding Eligibility
You may qualify for Playter's facilities if your business meets specific trading and turnover criteria, common in alternative lending.
- Minimum 12 months trading history as a UK-registered limited company or LLP; explore the importance of trading history requirements.
- Annual turnover typically above £100,000, varying by sector and credit profile; check your business turnover requirements.
- No personal guarantees required on standard facilities; read more about personal guarantee requirements in loans.
Loan Options
Playter offers two main loan products tailored for invoice instalment finance and supplier-embedded BNPL programmes.
- Business Buy-Now-Pay-Later (Invoice Instalment Finance): Facility limits up to £300,000, terms from 3 to 12 months, 0% interest with fixed fees between 2% and 8% of invoice value. Suitable for unsecured invoice instalments with no personal guarantees. See invoice financing for details.
- Supplier Embedded BNPL Programme: Up to £300,000 aggregate across buyers, with repayment terms offered of 3 to 12 months and no interest to buyers. Suppliers pay a discount fee between 2% and 8%. Focused on online or invoice-based B2B sales. Learn about alternative finance loans.
How to Apply
The application process is fully online, designed for speed and convenience with minimal paperwork and soft credit checks.
- Submit company registration details, director identification, and management accounts or connect accounting software via Playter's online portal; see the form requirements.
- Provide open banking access for real-time affordability assessment, integrated with Xero, QuickBooks, or Sage accounting tools.
- Decisions typically returned within 24 hours, with supplier funded within one business day after approval; learn about typical loan approval timelines.
- Sign electronically to confirm agreement and start repayment plans as per selected instalment terms.
Funding Agent's View on Playter Ltd
Playter specialises in interest-free short-term BNPL invoice finance for UK SMEs. It suits growing businesses that want to spread routine operational or subscription invoice payments up to 12 months without escalating interest costs. However, Playter's unregulated status means customers lack FCA protections available with regulated lenders. The capped facility sizes and short terms limit suitability for firms needing larger sums or longer-term finance. Considering this, you should compare Playter against other lenders and use eligibility guides and loan calculators to assess fit before applying.
