The B2B BNPL market has recorded strong growth in the United Kingdom in 2022, and the trend is expected to further continue in 2023. Amid the growing traction for B2B BNPL, venture capital and private equity firms have also shown strong interest in the space. Hokodo and Playter are among the players that have attracted funding in the United Kingdom B2B BNPL market. To offer their services to more merchants, these firms are launching innovative plug-ins. For instance,
The B2B space is expected to grow significantly over the next few years, as businesses need working capital to run their operations. In the high-interest rate environment, B2B BNPL becomes a more viable option, and consequently, firms are expected to keep raising funding rounds from venture capital and private equity firms.
As investors foresee growth and profitability in the B2B BNPL space, the sector is expected to perform well over the next three to four years, compared to the consumer-focused BNPL market in the United Kingdom.
To know more and gain a deeper understanding of the BNPL in the United Kingdom, click here.