Latest BNPL News: Finextra Research

NatWest hops aboard BNPL bandwagon

NatWest is to enter the UK's crowded buy now, pay later space this summer, promising to put safeguards in place to ensure responsible lending.

22 March 2022

Company update/payments

Rupifi secures $8M venture debt in extension of Series-A

Rupifi, India’s 1st Embedded Finance company which operates in the B2B Payments space through its B2B Buy Now Pay Later (BNPL) and SME-focused Commercial Card products, today announced that it has secured $8M venture debt.

22 March 2022

Company update/payments

Mastercard adds BNPL partners

Mastercard today announced a growing list of leading partners, including BNPL specialists and globally recognized brands, further expanding Mastercard Installments, the unique BNPL program that delivers greater choice at checkout, both in-store and online.

18 March 2022

News/payments

EBAday 2022: Why 2022 will be the year digital payments dominate

Technical advancements that emerge throughout 2022 will bolster uptake of digital payments brought about by the pandemic, with new trends such as buy-now-pay-later (BNPL) and heavy use of digital wallets likely to become mainstream.

18 March 2022

Company update/payments

Mastercard beefs up BNPL partner network

Mastercard today announced a growing list of leading partners, including BNPL specialists and globally recognized brands, further expanding Mastercard Installments, the unique BNPL program that delivers greater choice at checkout, both in-store and online.

16 March 2022

News/startups

Playter raises $1.7m to bring BNPL to the B2B space

Playter, a London-based outfit bringing buy now, pay later to the B2B space, has raised $1.7 million in a seed funding round co-led by Fin Capital and 1818 Ventures.

15 March 2022

Company update/payments

Affirm raises guidance on Q3 and FY results

Affirm Holdings, Inc. (NASDAQ: AFRM) (“Affirm” or the "Company”), the payment network that empowers consumers and helps merchants drive growth, today provided an update on its business performance, including its current funding capacity and availability, and raised the Company's third quarter and full year fiscal 2022 financial outlook.

14 March 2022

News/payments

Quick fix BNPL adds to misery of cost of living crisis

With living costs spiralling, Citizens Advice has found that one in 12 people turned to buy now pay later (BNPL) to cover basic costs - such as food and toiletries - in the last six months.

14 March 2022

News/payments

Dutch BNPL player in3 raises $11.1m

Dutch buy now, pay later outfit in3 has raised $11.1 million in funding and struck a deal with payments firm Worldline to bring its services to more merchants.

11 March 2022

News/payments

Curve lands in the US

London-based fintech Curve has launched in the US, offering Americans the option to combine all their debit, credit and loyalty cards into one.

10 March 2022

News/people

Sezzle to cut 20% of workforce

US BNPL player Sezzle is to cut 20% of its workforce following confirmation of a takeover by Australian rival Zip.

10 March 2022

Company update/payments

Dollar General moves into BNPL

Dollar General (NYSE: DG) today announced a series of new financial services aimed at increasing access to banking options and providing additional customer payment alternatives.

08 March 2022

News/payments

UAE BNPL startup tabby secures Series B extension of $54 million

UAE-based buy now, pay later startup tabby has successfully raised $54M in an extension round to its initial $50M Series B closed in August of last year.

07 March 2022

Company update/payments

Aussie fintech ZeeFi debuts study now, pay later

Australian Fintech ZeeFi is the new kid on the BNPL block – the first to specialise only in payments for education providers.

02 March 2022

News/payments

DBS rolls out 'Mastercard installments with Pine Labs'

DBS Bank is to roll out buy now, pay later services in Singapore, Indonesia and Hong Kong in partnership with Mastercard and Pine Labs.

02 March 2022

News/startups

PollenPay enters UK BNPL sector

PollenPay is the latest startup to enter Britain's already crowded buy now, pay later arena, which has just witnessed its latest casualty in the withdrawal of Openpay from the UK market.

01 March 2022

Company update/payments

Pakistan's Jiye Technologies launches BNPL service for agriculture sector

Jiye Technologies, the fastest growing Agri-Tech platform in Pakistan has announced a first of its kind business-to-business (B2B) buy-now-pay-later (BNPL) feature through a digital financing product for farmers and businesses across Pakistan under its program called ‘Jiye Khushhaal Karobar’.

28 February 2022

News/payments

Klarna losses swell to $748 million

BNPL giant Klarna has reported soaring operating losses of $748 million for the full year 2021, driven by expansion to fresh markets and the challenges of underwriting a massive inflow of new customers.

28 February 2022

News/payments

Zip confirms deal to acquire US BNPL player Sezzle

Australian buy now, pay later outfit Zip is to acquire US rival Zezzle for A$491 million.

28 February 2022

News/payments

Scalapay joins BNPL unicorn club

Italy's Scalapay has become the latest BNPL unicorn on the back of a $497 million Series B investment from Tencent and Willoughby Capital, with participation from Tiger Global, Gangwal, Moore Capital, Deimos, and Fasanara Capital.

24 February 2022