BNPL

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Revolut adds Brazil and Mexico to global expansion

/payments

Revolut adds Brazil and Mexico to global expansion

Digital bank Revolut has announced its expansion into Mexico and Brazil, with a plan to hire 250 new employees in both countries by 2025.

/wholesale

Playter now able to offer up to £1m per year in funding to UK SME's

Exciting London-based start-up Playter is taking the BNPL space by storm, as they announce an increase in the amount of funding SMEs can access through their innovative growth platform, reducing business owners' burn rates, increasing runway, and freeing up capital.

Revolut rolls out BNPL product in Ireland

/payments

Revolut rolls out BNPL product in Ireland

Revolut is rolling out its Pay Later BNPL product to its 1.9 million users in Ireland following a successful three-month trial.

/people

White label BNPL firm equipifi names Doug Preston head of strategy

equipifi, a fintech company providing banks and credit unions with a white label Buy Now, Pay Later (BNPL) solution, announced that Doug Preston will be joining as its Head of Strategy.

/startups

Ratio secures $411 million to launch BNPL for B2B SaaS businesses

Ratio, a new kind of fintech platform that combines payments, predictive pricing, financing, and a frictionless quote to cash process into one platform for SaaS and technology companies, today emerged from stealth and announced raising $11M in venture funding and a $400M credit facility for customer financing.

CFPB ready to regulate BNPL

/regulation

CFPB ready to regulate BNPL

The Consumer Financial Protection Bureau (CFPB) is planning to tighten up regulation of BNPL firms, bringing in the same baseline consumer protections that already exit for credit cards.

PPRO adds BNPL from Zip to payment mix

/payments

PPRO adds BNPL from Zip to payment mix

PPRO merchants will soon have the ability to integrate buy now, pay later services from Australian provider Zip at the point of checkout.

Splitit raises $A10.5m

/payments

Splitit raises $A10.5m

Splitit, the ASX-listed BNPL player behind a white-label Instalments-as-a-Service platform, has raised A$10.5 million in a private placement with institutional investors.

/payments

Bread Financial signs with Marqeta

Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced that it has been chosen by Bread Financial (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, to enhance the in-store checkout experience for shoppers using Bread PayTM, its flexible suite of Buy Now, Pay Later products.

/cloud

Carbon Finance extends Mambu partnership

Carbon Finance, a Pan-African microfinance bank, today announced it has extended its partnership with Mambu to continue growing its financial services offering and accelerate expansion.

/payments

Flutterwave secures Nigerian switching and processing licence

Flutterwave, Africa’s leading payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN) — widely regarded as CBN’s most valuable payments processing license.

Klarna losses quadruple

/payments

Klarna losses quadruple

Embattled BNPL giant Klarna saw its net losses nearly quadruple in the first half of 2022 on higher credit defaults, increased employee costs and investment in market expansion.

US lawmakers seek answers from BNPL firm financing gun purchases

/payments

US lawmakers seek answers from BNPL firm financing gun purchases

A group of Democrat lawmakers have written to BNPL firm Credova Financial expressing "strong concerns" about its facilitation of online gun purchases.

Afterpay closes Money app, ending Westpac partnership

/payments

Afterpay closes Money app, ending Westpac partnership

Australian BNPL firm Afterpay is killing off its Money app - and the related partnership with Westpac - as parent Block readies the launch of its Cash App in the country.

UK supermarket rolls out BNPL loans to tackle rising food costs

/payments

UK supermarket rolls out BNPL loans to tackle rising food costs

With many of its customers struggling in the face of a cost of living crisis, UK supermarket chain Iceland is rolling out an interest-free BNPL product for use at its shops.

/BNPL

Ramp joins B2B BNPL market with Flex

Ramp, the first finance automation platform and corporate card designed to help businesses spend less, today announced an expansion of its platform that enables businesses to finance all of their bills in one place.

/payments

Egyptian BNPL firm valu acquires fintech company Paynas

valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that it acquired 100% of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSME) in a signing ceremony attended by Dr. Rania A. Al-Mashat, Minister of International Cooperation.

/payments

Square sellers across the UK can now offer BNPL through Clearpay integration

Today, Square launches its first integration with Clearpay in the UK, providing “Buy Now, Pay Later” (BNPL) functionality to sellers across online and in-person commerce.

/payments

Sezzle integrates with customer platform Klaviyo

Sezzle, a leader in the Pay in 4 industry, today announced the launch of a new direct integration with Klaviyo.

FCA warns against unlawful BNPL promotion

/regulation

FCA warns against unlawful BNPL promotion

The Financial Conduct Authority (FCA) has warned firms against promoting unapproved BNPL products.

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