Mr Pay Later is a financial technology startup which is still in its incubation process. The major problem that Mr Pay Later wanted to solve is the debt issue faced by credit card users due to the high interest rate. This problem is solved by Mr Pay Later by providing an alternate installment payment method with 0% interest. The business model of Mr Pay Later is by charging an agreed about of commission with the merchant rather than charging interest to the customers. By doing this, Mr Pay Later creates a Win Win situation for the Merchant, Customer and itself. Customers will buy more and merchants will profit more.