PayPal Ventures Leads $20M Round into Gynger, Revolutionizing Technology Financing with ‘Buy Now, Pay Later’ for Companies

PayPal Ventures Leads $20M Round into Gynger, Revolutionizing Technology Financing with ‘Buy Now, Pay Later’ for Companies

PayPal Ventures has spearheaded a $20 million Series A funding round into Gynger, a startup offering innovative 'buy now, pay later' (BNPL) solutions for technology purchases. This funding, announced exclusively to TechCru bynch, boosts Gynger's total venture capital to $31.7 million. Additionally, Gynger secured a $300 million debt facility to enhance its lending capabilities, ensuring a solid foundation for its future growth. The Genesis of Gynger Gynger was founded in 2022 by Alex Harris and John Smith, both seasoned professionals with extensive experience in financial technology and business operations. Recognizing a significant gap in the market, they set out to create a platform that would provide SMBs with the financial flexibility needed to invest in essential technology without the burden of upfront costs. Addressing a Critical Need Small to medium-sized businesses often struggle with cash flow management, particularly when it comes to significant technology investmen…