Latest BNPL News: Finextra Research

News/payments

Addi raises $75m to bring BNPL to Latin America

Bogota-based Addi has raised $75 million in an extension f its Series B funding round led by Greycroft.

08 September 2021

News/payments

PayPal agrees $2.7bn deal to buy Japanese BNPL firm Paidy

PayPal has struck a deal to buy Japanese buy now, pay later firm Paidy for around $2.7 billion, mainly in cash.

08 September 2021

Company update/retail

Emerchantpay: Digital wallets to account for £11bn in online spending by 2026

Today, leading global payment service provider, emerchantpay, publishes the fourth and final instalment of its New World, One Market Report, which examines consumer behaviour post-pandemic. The latest chapter reveals stark differences in attitudes to payments between generations, and also sheds light on the potential economic contribution of trends such as subscriptions and cryptocurrency payments.

08 September 2021

Company update/inclusion

Egypt’s fintech ecosystem MNT-Halan announces $120m investment

International (DPI), and Lorax Capital Partners. In addition, the company has also attracted venture capital backing from Middle East Venture Partners, Endeavor Catalyst, and DisruptTech. This round of investment demonstrates confidence in the fintech opportunity in Egypt and further institutionalizes the capitalization table of MNT-Halan. Previous investors of MNT-Halan have included GB Capital, DPI, Algebra Ventures, Wamda, Nowaisi Capital, Unidelta, Egypt Ventures, Battery Road Digital Holdings, and Shaka VC.

08 September 2021

Company update/payments

Klarna bids to lure customers with 'Karnival of Retail Wonders' at the Mighty Hoopla Festival

Klarna, the leading payments and shopping service, will be hosting its own Karnival of Retail Wonders at this year’s Mighty Hoopla Festival bringing retail to life through a carnival experience of games and mega prizes.

03 September 2021

News/payments

Debt collection: The hidden downside of BNPL

One in 10 Buy Now Pay Later shoppers have been chased by debt collectors, rising to one in eight young people, Citizens Advice is warning.

03 September 2021

News/wholesale

Funding Circle launches BNPL product for business loans

Small business lender Funding Circle has launched its first payment facility, FlexiPay, empowering customers with the ability to buy now pay later on any expense.

02 September 2021

News/payments

Zip sets sights on Africa with acquisition of Payflex

ASX-listed Zip is to fully acquire South African buy now pay later (BNPL) fintech Payflex as part of its global expansion plans.

01 September 2021

News/payments

LayBuy launches BNPL app

Buy now, pay later outfit Laybuy is launching an app that lets UK shoppers pay in instalments at some of the world's biggest brands, including Amazon, eBay, Asos and Nike.

01 September 2021

Company update/payments

Klarna and Global-e expand partnership across US, UK, France, Spain, Italy and Australia

larna, the leading global retail bank, payments, and shopping service, and Global-e (NASDAQ: GLBE), the world's leading cross-border e-commerce platform, today announced an expanded partnership to offer flexible payment options to consumers across the US, UK, France, Spain, Italy, and Australia.

31 August 2021

News/payments

Ikea owner invests in BNPL firm Jifiti

The owner of Swedish furniture retail giant Ikea has paid $22.5 million for a minority stake in white label buy now, pay later player Jifiti.

31 August 2021

News/payments

Amazon partners Affirm to offer customers BNPL option

Amazon has teamed up with Affirm to offer its US customers a buy now, pay later option at the checkout.

30 August 2021

News/retail

Indonesian BNPL giant Kredivo enters Vietnamese market

Kredivo has today revealed its market entry into Vietnam through a Joint Venture with family investment office Phoenix Holding.

27 August 2021

News/payments

Money.co.uk slams Klarna over BNPL versus credit card claims

Financial comparison site money.co.uk has launched a stinging riposte to claims from buy now, pay later firm Klarna that it offers a fairer and more equitable platform for consumer spending than credit cards.

26 August 2021

News/payments

Afterpay introduces in-app ads

AfterPay, the Australian BNPL giant being acquired by Square, has launched a suite of advertising products for brands it works with.

26 August 2021

News/payments

Klarna hits 20m American users

Swedish BNPL giant Klarna is conquering America, doubling its US customer base in the last 14 months to 20 million.

25 August 2021

Company update/startups

Clearpay launches analytics platform for merchants

Today Clearpay, a leader in “Buy Now, Pay Later” payments (known as Afterpay (ASX: APT) outside the U.K. and Europe), introduced its new merchant analytics platform, Clearpay iQ. With this powerful new tool, brands gain access to valuable customer-centric analytics to help optimise investment and drive growth.

23 August 2021

Company update/startups

Indian fintech startup Uni introduces Pay 1/3rd card

Fintech startup, Uni which is aiming to bring a range of differentiated credit products for Indian consumers, today announced the launch of its paylater card Pay 1/3rd.

18 August 2021

Company update/payments

I2c collaborates with Visa on APIs for buy now, pay later payments

i2c, a leading global provider of payments processing technology and digital banking solutions, today announced they are working with Visa, the world’s leader in digital payments, to launch point of sale installments capabilities for their participating issuers in North America.

17 August 2021

News/startups

Argentina's Ualá hits $2.45bn valuation on funding round

Fintech outfit Ualá has raised $350 million at a $2.45 billion valuation in the largest private investment round ever for an Argentine company.

16 August 2021