Latest BNPL News: Finextra Research

Australian BNPL player Zip puts head above parapet; forecasts break-even by year-end

Sydney-listed buy now, pay later player Zip is forecasting to hit break-even by the end of the year after significantly downsizing its operations to reduce cash burn.

25 January 2023

News/payments

Klarna introduces Spotify-style 'Money Story' overview

Klarna has taken a leaf out of Spotify's playbook with the launch of Money Story, a a personal summary of 2022 that provides consumers with useful insights into their spending habits

25 January 2023

Company update/people

Kueski appoints former Stripe executive Fausto Ibarra as chief product officer

Kueski, one of the largest buy now, pay later (BNPL) and online consumer lenders in Latin America, today announced the appointment of Fausto Ibarra as the company's Chief Product Officer.

24 January 2023

Company update/payments

Deko appoints Daniel Lee as first dedicated head of consumer product

Deko, the multi-lender Buy Now Pay Later (BNPL) platform, has appointed Daniel Lee as Head of Consumer Product.

24 January 2023

News/startups

B2B BNPL platform Tranch raises $100 million in debt and equity

Tranch, a buy now, pay later platform for SaaS sellers and services providers, has raised $100 million in seed equity and debt funding.

24 January 2023

Company update/wholesale

Playter releases bill-splitting product for SME BNPL

Playter, the UK's leading provider of B2B Buy-Now-Pay-Later for SMEs, is once again shaking things up in the world of alternative lending, with its newest credit offering, "Paid".

19 January 2023

Company update/payments

Hokodo and Lemonway forge B2B BNPL marketplace partnership

The European leader in B2B Buy Now, Pay Later (BNPL), Hokodo, and leading pan-European payment institution for marketplaces, Lemonway, have announced a partnership that will enable B2B marketplaces to offer buyers trade credit online.

18 January 2023

Company update/payments

PayPal Ventures joins Tabby Series C round

Tabby, MENA’s leading shopping and financial services app, has raised $58 million from Sequoia Capital India, STV and PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst in a Series C round which values the company at $660 million.

18 January 2023

Company update/payments

Ingenico forms PPaaS partnership with Klarna

Ingenico, a global leader in payments acceptance solutions, and Klarna, the global leader in the generational shift away from credit cards, today announced a global strategic partnership that will facilitate the roll out of Klarna’s flexible payment options at the point of sale using PPaaS, Ingenico’s innovative, cloud Payments Platform as a Service.

16 January 2023

Company update/payments

Alipay taps Splitit for 'Pay After Delivery' installments on AliExpress

Splitit Payments Limited ("Splitit" or the "Company") (ASX:SPT, OTCQX:SPTTY), the only white-label service allowing customers to pay by installments using their existing credit on their payment card at checkout, announces that Splitit and Alipay have formed a partnership to power the 'Pay After Delivery' option for shoppers on AliExpress, a global eCommerce marketplace owned by the Alibaba Group.

16 January 2023

Company update/BNPL

Singaporean B2B BNPL player actyv.ai raises $12 million

actyv.ai, a Singapore-headquartered, category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has raised a total of $12 million as part of Pre-Series A funding round from 1Digi Ventures, Singapore, the family office of Raghunath Subramanian, Founder and Global CEO of the company.

12 January 2023

News/payments

Mondu secures $13 million Series A extension

Berlin-based B2B buy now, pay later startup Mondu has raised a $13m Series A extension led by Valar Ventures alongside FinTech Collective, bringing total funding from the round to $56 million.

12 January 2023

News/payments

Santander moves into B2B BNPL market

Allianz Trade, Santander Corporate and Investment Banking and Two have partnered to develop a new B2B BNPL package dedicated to large multinational corporates.

09 January 2023

Company update/payments

Japan's Smartpay adopts open banking to deliver direct-from-bank payments

Japan-based fintech Smartpay has launched Smartpay Bank Direct, the country’s first digital consumer finance service that allows customers to pay for online installment purchases straight from their bank accounts.

04 January 2023

Company update/payments

Splitit and Worldline sign North American BNPL deal

Splitit (ASX:SPT, OTCQX:SPTTY ), the only white-label service allowing customers to pay by installments using their existing credit on their payment card at checkout, and Worldline (Euronext: WLN), a global leader in payment services, announce the signing of a partnership agreement with Worldline to deliver an integrated card-based installment payments solution to Worldline's extensive network of merchants and marketplaces.

20 December 2022

News/sustainable

Klarna to provide shoppers with sustainability data for electronic goods

Klarna is using data sourced from Clarity AI to promote environmentally conscious brands to its global network of more than 150 million active shoppers.

19 December 2022

Company update/people

Banking Circle names Jim Snabe chairperson of advisory board

Banking Circle Group is pleased to announce that Jim Snabe will become the Chairperson of its Advisory Board.

15 December 2022

Company update/payments

SoFi rolls out early access to Pay in 4

Pay in 4 is SoFi’s latest innovation designed to provide flexibility for our members when spending with SoFi Checking and Savings.

15 December 2022

News/payments

Walmart fintech unit preps BNPL play

Walmart-backed fintech One is planning to launch a buy now, pay later product, according to CNBC.

13 December 2022

Company update/payments

Adva One and One Finance forge BNPL partnership in Egypt

One Finance, the integrated consumer financing platform and ADVA, the first online service installment platform, announced signing a partnership agreement to facilitate installment of a wide portfolio of services provided by ADVA, including finishing, education, health, travel, car maintenance, weddings and insurance through various payment plans.

07 December 2022