355 articles tagged with this keyword
News/payments
UAE-based buy now, pay later player Tabby has secured $200 million in Series D funding at a $1.5B valuation, making it the Mena region's first fintech unicorn head of a planned IPO in Saudi Arabia.
01 November 2023
London-based buy now, pay later outfit Zilch has received an investment from e-commerce giant eBay at a $2 billion valuation.
31 October 2023
As new research shows that more than a quarter of Brits have used BNPL in a six-month period, the FCA has agreed deals with two firms - PayPal and QVC - to make their contract terms easier to understand.
News/people
BNPL giant Klarna is facing a possible strike by employees at its Swedish headquarters next month.
27 October 2023
US Bank has launched an embedded, multi-channel point-of-sale lending platform that lets firms offer customers financing at the checkout.
25 October 2023
Berlin-based B2B buy now, pay later startup Mondu has formally registered with the Financial Conduct Authority (FCA) and will begin working with 16 British clients immediately
19 October 2023
Marqeta has reached an agreement with Southern European BNPL provider Scalapay to use its platform to issue cards both online and in-store.
17 October 2023
Goldman Sachs has agreed to sell BNPL-based home improvement lender GreenSky to a a consortium of institutional investors led by Sixth Street. Terms of the deal were not disclosed but the sale will lead to a 19-cent-per-share hit to Goldman's third-quarter earnings.
11 October 2023
Buy now, pay later giant Klarna has narrowed its first half losses and reported a profitable month for the first time in three years.
31 August 2023
As rivals pull out of Europe, BNPL giant Klarna is reporting strong uptake across the continent, with the value of goods sold through the platform soaring.
23 August 2023
Splitit, the BNPL player behind a white-label Instalments-as-a-Service platform, is planning to delist from the ASX after securing up to $50 million from Motive Partners.
16 August 2023
Block is shutting down the Cash App's Verse brand in the EU and its BNPL platform Clearpay in Spain, France and Italy, citing disappointing growth and profitability.
07 August 2023
News/retail
Buy now, pay later giant Klarna has killed off its open banking brand Klarna Kosma a little over a year after launch, although the business will continue to operate as before.
31 July 2023
News/regulation
The government is poised to shelve plans to crack down on Britain’s fast-growing 'buy now pay later' (BNPL) industry, Sky News learns.
24 July 2023
In anticipation of new Consumer Duty rules in the UK, BNPL firm Klarna has partnered with the Money Advisor Network to provide cash-strapped customers with free advice on how to manage their debts.
19 July 2023
PayPal has struck a deal to offload up to €40 billion of its buy now, pay later loans in Europe to private equity firm KKR.
21 June 2023
Goldman Sachs has received several offers from investment firms to buy its BNPL-based home improvement lender GreenSky, according to press report.
14 June 2023
US merchants that use Amazon Pay can now offer their customers instalment payment options thanks to a deal with BNPL outfit Affirm.
08 June 2023
News/startups
Klarna is on track to return to profit before the end of 2023, as the company’s first quarter results show the fintech has halved its losses.
26 May 2023
Klarna has updated its app to provide budget-conscious Brits with a tool to opt out of taking on more debt and called on credit card companies and other providers to follow suit.
24 May 2023
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