BNPL

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Capchase raises $280m; launches BNPL platform for large business expenses

/startups

Capchase raises $280m; launches BNPL platform for large business expenses

Capchase, a US startup that helps company founders access non-dilutive capital, has raised $280 million in debt and equity financing to support the launch of a BNPL product that lets users split large expenses over time.

Discover invests $30m in BNPL firm Sezzle

/payments

Discover invests $30m in BNPL firm Sezzle

Discover is investing $30 million in buy now, pay later startup Sezzle as part of an agreement that also sees the card firm launch a BNPL service on its network.

PayPal debuts no-fee BNPL product in Australia

/payments

PayPal debuts no-fee BNPL product in Australia

PayPal is to take on Australia's home-grown buy now, pay later players with the nationwide launch of a fee-free instalment payments product.

For Brits, BNPL means buy now, worry later

/payments

For Brits, BNPL means buy now, worry later

The average time UK shopper say it will take them to clear their BNPL debts is now nine months, well in excess of of the 30-90 day windows most schemes are based on.

Apple partners Goldman Sachs for BNPL play - Bloomberg

/payments

Apple partners Goldman Sachs for BNPL play - Bloomberg

Apple is working with Goldman Sachs to develop a buy now, pay later service that lets customers pay for their Apple Pay purchases in instalments, according to Bloomberg.

Klarna acquires social shopping outfit Hero

/payments

Klarna acquires social shopping outfit Hero

Klarna has acquired 'social shopping' startup Hero, bringing instore retailer expertise to the online shopping experience.

/security

Socure launches ID verification tech for BNPL

Socure, the leading platform for digital identity verification and trust, today announced the introduction of the first identity verification and fraud solution purpose-built for the Buy Now, Pay Later (BNPL) industry.

Goldman Sachs joins $170m funding round for French fintech Younited

/retail

Goldman Sachs joins $170m funding round for French fintech Younited

Younited, a Paris-based credit and payment platform, has raised $170 million in a funding round joined by Goldman Sachs and Bridgepoint.

/payments

Cirralto to buy Invigo

Today Cirralto Limited (ASX: CRO, “Cirralto”) signed a binding share sale agreement to acquire Sydney-based fintech, Invigo Pty Ltd. with an expected completion date of 12 July 2021, subject to satisfaction of conditions precedent under the SSA.

Citi Australia enters buy now, pay later market

/payments

Citi Australia enters buy now, pay later market

Citi Australia is taking on local buy now, pay later vendors Afterpay and Zip, joining forces with online retailer Kogan.com to allow credit cardholders to enter into an instalment loan at checkout.

/BNPL

Afterpay unlocks new Pulse rewards

Afterpay (ASX:APT), the leader in "Buy Now, Pay Later" payments, today announced it has vastly expanded Pulse Rewards, its unique loyalty program that recognizes members for paying on time.

/sustainable

Klarna joins Climate Pledge and Race to Zero campaign

Klarna, a leading global retail bank, payments, and shopping service, today announces that the company is joining The Climate Pledge and the Race to Zero campaign.

Klarna partners Liberis to offer merchants revenue-based financing

/retail

Klarna partners Liberis to offer merchants revenue-based financing

Klarna has picked embedded business finance platform Liberis to help it offer its e-commerce clients revenue-based financing.

/payments

Fave muscles in on booming BNPL market

Fave, Southeast Asia's fast-growing fintech company, has launched its "Buy Now, Pay Later" (BNPL) service in Singapore and Malaysia, providing over 6 million Fave users with instant access to interest-free credit to be used at over 40,000 stores as a pilot.

/payments

Wehkamp Finance spins off deferred payments platform Tinka

The spin-off of deferred payments provider Tinka marks a new phase in the digital and business transformation of former Wehkamp Finance.

/payments

Splitit forms partnership with Middle East BNPL provider tabby

Splitit (ASX:SPT), the company empowering consumers to use their existing credit to spread payments over time, announced a partnership with tabby, the leading Middle East Buy Now Pay Later (BNPL) provider.

/people

Afterpay taps Mastercard exec as new general manager of North America

Afterpay (ASX:APT), the leader in “Buy Now, Pay Later” payments, today announced that it has appointed Zahir Khoja as General Manager of North America.

/payments

Ifin brings Shariah-compliant BNPL to Oman

IFIN (Islamic Finance Initiation Network), the first of its kind Islamic FinTech has launched its operations in the Sultanate of Oman in partnership with Alizz Islamic Bank and Danube Home.

/payments

Klarna launches comparison shopping service across Europe

Klarna, a leading global retail bank, payments, and shopping service, today announced the launch of their new Comparison Shopping Service (CSS) in 21 markets.

Laybuy brings in-store BNPL to UK

/payments

Laybuy brings in-store BNPL to UK

New Zealand-based buy now, pay later outfit Laybuy is launching its digital BNPL card in the UK, enabling customers to make in-store purchases with a tap of their phones.

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