Latest BNPL News: Finextra Research

UK Government opens BNPL consultation

The UK Government has launched its long-anticipated consultation on rules to crack down on the unrelegulated buy now, pay later sector.

14 February 2023

Company update/payments

Klarna reports boom in demand for BNPL in the home improvements sector

Air conditioning units, heat pumps and humidifiers are amongst the household items that soared in sales last year, according to data from Klarna, with consumers using the smooth payment provider for everyday household items.

13 February 2023

News/payments

BNPL payments increase over 10% as cost of living hits UK shoppers – Adobe

Research from Adobe Analytics has found that the use of Buy Now Pay Later (BNPL) by UK consumers has risen 10.7% compared to January 2022.

09 February 2023

News/people

BNPL provider Affirm cuts 19% of staff, ends crypto initiative

BNPL platform Affirm announced it has cut 19% of its workforce, amounting to 500 employees.

09 February 2023

Company update/payments

Iwoca brings BNPL to businesses that use Intuit's QuickBooks

iwoca is today announcing the integration of its B2B payment solution iwocaPay with Quickbooks’ leading accounting software package – this makes it the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.

08 February 2023

News/payments

Oz BNPL firm Openpay falls into receivership

Australian BNPL operator Openpay has gone into receivership, laying off 80 employees, just days after announcing record quarterly results.

08 February 2023

Company update/payments

Mondu provides BNPL product for B2B sales

Mondu, the fast-growing B2B payments company, has announced MonduSell, a new solution for B2B merchants offering flexible payments on every sales channel: field sales, tele-sales or email orders.

07 February 2023

Company update/security

Afterpay reduces fraud risk with Cloudera

Cloudera, the hybrid data company, today announced that ‘Buy Now, Pay Later’ (BNPL) leader, Afterpay, is using the Cloudera Data Platform (CDP) to run streaming analytics and advanced machine learning for real-time fraud detection.

07 February 2023

News/payments

BNPL firm Zilch forms partnership with debt advice charity StepChange

London-based BNPL unicorn Zilch has formed a partnership with StepChange, integrating the debt advice charity's tools into its platform.

07 February 2023

News/payments

NextGen Nordics 2023: Back and better than ever

Finextra will be back in Stockholm to bring the new world of Nordic banking to life for the NextGen Nordics 2023 conference on the 25th of April.

03 February 2023

Company update/people

DivideBuy's James Bradley joins Deko as head of sales

Industry expert leads sales operation across Deko to drive continued growth. Deko, the multi-lender Buy Now Pay Later (BNPL) platform, has appointed James Bradley, a veteran sales executive, Head of Sales.

01 February 2023

Company update/payments

Mastercard and ZoodPay to launch virtual installment card across EEMEA

ZoodPay, a leading digital lending platform for e-commerce in the Middle East and Central Asia, has entered into a strategic partnership with Mastercard to launch the first-of-its-kind prepaid virtual installment card in the Eastern Europe, Middle East, and Africa (EEMEA) region.

26 January 2023

News/payments

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