BNPL

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Klarna launches carbon footprint insights for 90 million consumers

/sustainable

Klarna launches carbon footprint insights for 90 million consumers

Buy now, pay later giant Klarna is to provide shoppers with carbon footprint calculation tools from Mastercard-backed Doconomy to measure the emissions generated by their purchases.

Zilch hits $500 million valuation on $80 million fund raise

/payments

Zilch hits $500 million valuation on $80 million fund raise

The buy now, pay later sector continues to attract investor dollars, with two-year old UK player Zilch the latest to benefit, raising $80 million at a valuation of $500 million.

Zilch brings BNPL to UK high street

/startups

Zilch brings BNPL to UK high street

UK-based buy now, pay later player Zilch is rolling out a 'tap and pay-over-time' feature that lets shoppers make in-store payments with a wave of their digital wallet, with the cost spread over a six week period.

Japanese BNPL firm Paidy raises $120m

/payments

Japanese BNPL firm Paidy raises $120m

Japanese buy now, pay later (BNPL) outfit Paidy has raised US$120 million in a Series D funding round.

Afterpay unveils virtual card for in-store BNPL purchases

/payments

Afterpay unveils virtual card for in-store BNPL purchases

Australian BNPL giant Afterpay is stepping up its assault on in-store payments through the introduction of a contactless virtual card offering.

UK BNPL player Butter raises £15.8 million

/payments

UK BNPL player Butter raises £15.8 million

UK-based buy now, pay later provider Butter has closed a £15.8m funding round to help it take on the likes of AfterPay and Klarna in its home market.

CommBank steps into BNPL fray

/payments

CommBank steps into BNPL fray

Commonwealth Bank of Australia has waded into the competitive buy now, pay later market, competing with local juggernaught Afterpay, and Klarna, in which it has invested $350 million.

ThinkSmart basks in the glow of BNPL boom

/payments

ThinkSmart basks in the glow of BNPL boom

AIM-listed digital payments business ThinkSmart is reporting a 237% uplift in trading performance for the first half as it realises the value of its remaining ten percent holding in buy now, pay later firm ClearPay.

Apexx Global offers merchants a pick'n'mix suite of BNPL products

/payments

Apexx Global offers merchants a pick'n'mix suite of BNPL products

Global payment platform Apexx is to offer merchants a choice of multiple buy now, pay later options from disparate players via a new Agreggatior product.

Affirm unveils BNPL debit card

/payments

Affirm unveils BNPL debit card

Max Levchin's BNPL outfit Affirm is launching a debit card that lets users pay for purchases over time.

BNPL expected to double market share in UK e-commerce within the next four years

/payments

BNPL expected to double market share in UK e-commerce within the next four years

Buy now, pay later schemes are expected to account for 10 percent of all UK e-commerce sales by 2024, according to data compiled by Worldpay.

Basiq brings Open Banking to bear on consumer BNPL debt

/payments

Basiq brings Open Banking to bear on consumer BNPL debt

Basiq, a NAB, Westpac, Salesforce and Plaid-backed open banking platform, is introdocuing a new feature for lenders to aggregate outstanding consumer loans, including buy now, pay later debt, to get more visibility into customer liabilities.

FCA to regulate BNPL sector as Brits struggle to pay back Christmas spending

/payments

FCA to regulate BNPL sector as Brits struggle to pay back Christmas spending

The UK's Financial Conduct Authority is to introduce new rules for buy now, pay later firms amid mounting fears of a growing debt burden for cash-strapped shoppers.

BNPL player Scalapay raises $48m

/startups

BNPL player Scalapay raises $48m

Scalapay, a third-party payments outfit that lets customers buy, now, pay later, has raised $48 million in a seed funding round led by Fasanara Capital.

French BNPL player Alma raises EUR49m

/startups

French BNPL player Alma raises EUR49m

French buy now, pay later outfit Alma has raised €49 million in a Series B funding round joined by Cathay Innovation and Idinvest.

Australia's Zip invests in Czech BNPL player Twisto

/payments

Australia's Zip invests in Czech BNPL player Twisto

Czech buy now, pay later app Twisto has raised €16 million in a funding round led by Australian BNPL player Zip and Elevator ventures.

UK Government votes down bill to regulate BNPL firms

/payments

UK Government votes down bill to regulate BNPL firms

The UK Government has voted down a bill supported by 70 MPs to regulate buy now, pay later firms like Klarna, Laybuy and Clearpay.

Buy now, regret later? Brits face £2.3bn bill for Christmas shopping

/payments

Buy now, regret later? Brits face £2.3bn bill for Christmas shopping

A quarter of Brits used buy now, pay later services to fund Christmas shopping, setting up a £2.3 billion bill, according to Credit Karma.

Affirm aims for $9 billion valuation on IPO

/payments

Affirm aims for $9 billion valuation on IPO

Affirm, Max Levchin's buy now, pay later credit card alternative, expects to achieve a valuation of just over $9 billion from its forthcoming IPO on Nasdaq.

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