Latest BNPL News: Finextra Research

Company update/payments

Discover tie up boosts acceptance of BNPL from Sezzle

Discover, a digital banking and payments services company, and Sezzle, Inc. (ASX:SZL), an installment payment platform, have announced an agreement that will allow Sezzle to work with selected merchants on the Discover Global Network in offering consumers additional payment options.

19 February 2021

Company update/payments

Worldline and Klarna extend collaboration across Europe

Klarna, the leading global payments and shopping service, today announces a strategic collaboration with Ingenico (part of Worldline, the European leader in the payment and transactional services industry, since late 2020) to make Klarna’s online payment solutions accessible to even more European merchants.

12 February 2021

Company update/payments

PSCU to pilot installment payment tech with credit unions

PSCU, the nation’s premier payments credit union service organization (CUSO), today announced it will soon offer a new Installment Payments solution.

11 February 2021

Company update/payments

Splitit secures $150m facility from Goldman Sachs

Splitit Payments Limited (“Splitit” or the “Company”) (ASX:SPT), a global payment solutions provider, announces that it has signed a US$150 million receivables funding facility with Goldman Sachs Bank USA to support the expansion of its business.

05 February 2021

Company update/payments

Klarna reports strong US growth

Klarna, the leading global payments provider and shopping service, today announced it is continuing to see tremendous momentum in the US, including a record 15 million customers overall to kick off 2021.

04 February 2021

News/payments

FCA to regulate BNPL sector as Brits struggle to pay back Christmas spending

The UK's Financial Conduct Authority is to introduce new rules for buy now, pay later firms amid mounting fears of a growing debt burden for cash-strapped shoppers.

02 February 2021

News/startups

BNPL player Scalapay raises $48m

Scalapay, a third-party payments outfit that lets customers buy, now, pay later, has raised $48 million in a seed funding round led by Fasanara Capital.

29 January 2021

Company update/payments

Synchrony to acquire Allegro Credit

Synchrony (NYSE: SYF) today announced it has reached a definitive agreement to acquire Allegro Credit, a leading provider of point-of-sale consumer financing for audiology products, dental services and musical instruments.

28 January 2021

News/startups

French BNPL player Alma raises EUR49m

French buy now, pay later outfit Alma has raised €49 million in a Series B funding round joined by Cathay Innovation and Idinvest.

25 January 2021

News/payments

Australia's Zip invests in Czech BNPL player Twisto

Czech buy now, pay later app Twisto has raised €16 million in a funding round led by Australian BNPL player Zip and Elevator ventures.

21 January 2021

Company update/payments

Fintech unicorn dLocal partners with lending platform Dinie to bring Pay Later to Brazilian SMEs

dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, today announced a new partnership deal with Dinie to allow global merchants to offer installment payments to their customers in Brazil as a form of small business lending.

19 January 2021

News/payments

UK Government votes down bill to regulate BNPL firms

The UK Government has voted down a bill supported by 70 MPs to regulate buy now, pay later firms like Klarna, Laybuy and Clearpay.

15 January 2021

Company update/payments

Citizens Financial rebands POS credit offering as Citizens Pay

Citizens today announced that it has further expanded the reach of its national point-of-sale offering for merchants, which it has renamed Citizens Pay to reflect its proven and straightforward approach to providing businesses with budget-friendly payment options for customers who want a more transparent and predictable way to finance purchases.

12 January 2021

News/payments

Buy now, regret later? Brits face £2.3bn bill for Christmas shopping

A quarter of Brits used buy now, pay later services to fund Christmas shopping, setting up a £2.3 billion bill, according to Credit Karma.

08 January 2021

Company update/retail

BNPL player Uplift secures $68m credit line

Uplift, the leading enterprise Buy Now, Pay Later (BNPL) solution serving over 100 of the world's top travel brands, announced today they have secured a new $68 million credit line from Atalaya Capital Management.

07 January 2021

News/payments

Affirm aims for $9 billion valuation on IPO

Affirm, Max Levchin's buy now, pay later credit card alternative, expects to achieve a valuation of just over $9 billion from its forthcoming IPO on Nasdaq.

06 January 2021