LaterPay builds a payments platform for publishers that lets readers buy individual articles, videos, or time-limited passes rather than committing to subscriptions. The system delays asking for payment information until a user’s bill reaches €5, reducing friction for occasional buyers. LaterPay reports that 78% of article purchases on its platform take 10 seconds or less. The company has signed major German customers, including Der Spiegel. To accelerate growth it is launching in the United States, with Hal Bailey (formerly at Google) hired as chief revenue officer to lead U.S. expansion. Financially, LaterPay has raised an additional €5 million, bringing total funding to €20 million.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2017