BNPL

359 articles tagged with this keyword

/payments

Klarna valuation to drop from $46bn to $6.5bn in new funding round - WSJ

Klarna is closing in on a funding round that would see the BNPL giant's valuation slashed from $45.6 billion last year to just $6.5 billion, according to the Wall Street Journal.

/payments

Finastra launches BNPL alternative

Following the news of Finastra’s new product, an embedded consumer lending solution, Finastra’s senior director of solution management, Banking-as-a-Service (BaaS), and orchestration, Jeannette Kescenovitz comments on the new service.

/retail

Monument CEO Ian Rand on the mass affluent lending revolution

UK digital bank Monument takes advantage of new opportunities emerging in digital banking by focusing on providing complex services backed by new technologies. Finextra spoke to CEO Ian Rand to explore the new services the bank is developing, the future of financial services, and catering to the mass affluent.

/payments

Zilch maintains valuation on $50 million Series C extension

London-based BNPL unicorn Zilch has secured an additional $50m in funding, taking the total raise for its Series C to $160m.

/regulation

Klarna exec blasts 'mind-boggling' Barclays BNPL research

Tensions between the traditional banking sector and the increasingly popular buy now, pay later industry spilled over this week as Klarna hit back at Barclays' research on BNPL regulation, calling it "mind-boggling" and irresponsible".

/payments

Revolut to roll out 'responsible' BNPL product across Europe

Revolut will roll out its "responsible instalments payment product" - dubbed Pay Later - in Europe, starting with a select group of customers in Ireland this week.

/payments

B2B BNPL startup Playter raises $55 million

UK-based B2B buy now, pay later startup Playter has closed on a $55 million debt and equity round from the backers of Klarna, SoFi and Pipe.

/regulation

UK sets out tougher BNPL rules; consumer champions chafe at long timeline

Buy now, pay later lenders in the UK will be forced to carry out affordability checks and refrain from misleading advertising and promotions under new rules proposed by the UK government.

/retail

Money 20/20 EU: What’s next for BNPL?

The final day of Money 20/20 Europe opened with a topic hot on everyone’s minds, with the session titled ‘what’s next for buy now pay later (BNPL)?’ As the UK and other governments have started dipping their toes into regulating this form of credit, this panel discussed what needs to be done make this tool sustainable and beneficial to consumers.

/payments

Apple cuts out banks to offer BNPL loans directly

Apple has taken another huge step into financial services, making loans to users of its new BNPL product directly, rather than through a banking partner.

/payments

Consumers racking up more debt to pay off BNPL loans

More than two in five buy now, pay later (BNPL) customers borrowed money to make repayments, Citizens Advice has found, fuelling fears of a looming credit crisis among cash-strapped consumers.

/payments

Zopa enters BNPL market

Digital bank Zopa is the latest to jump on the buy now, pay later bandwagon, promising "responsible and sustainable BNPL lending to the UK market".

/payments

Apple launches BNPL product

Apple has jumped into the buy now, pay later market, enabling US customers to to split Apple Pay purchases into instalments.

/people

Klarna CEO accused of being "tone deaf" after posting list of laid off employees

Klarna CEO Sebastian Siemiatkowski has posted a list of people recently offered severance by the company on LinkedIn, describing the document as a "goldmine" for recruiters.

/payments

Stripe users can now embed BNPL options from Affirm

US merchants using Stripe can now offer customers buy now, pay later instalment plans thanks to an integration with Affirm's adaptive checkout product.

/payments

Klarna hits 500,000 consumer milestone in Ireland

Six months on from its launch in Ireland, Klarna has reached the milestone of 500,000 total consumers for its buy now, pay later product.

/payments

B2B BNPL startup Mondu raises $43 million

Berlin-based B2B buy now, pay later startup Mondu is to expand across Europe on the back of a $43 million Series A round led by Valar Ventures.

/payments

NAB to launch BNPL product

National Australia Bank is inviting customers to pre-register for the forthcoming launch of a new buy now, pay later offering, punningly dubbed 'NAB Now Pay Later'.

/payments

Scalapay joins the circular economy with UK fintech Twig

Scalapay has formed a partnership with circular economy fintech Twig to enable customers to resell products they have purchased via the buy now, pay later provider, and get paid upfront by Twig.

/people

Laybuy hires fraud chief from HSBC as chief risk officer

New Zealand-based buy now, pay later provider Laybuy has hired HSBC's group head of fraud Jamie Byles as its new chief risk officer.