Tagged: bnpl

September 21, 2021 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ), a top Fintech that powers modern card services, has announced a partnership with Figure, a Fintech that leverages blockchain technology, to launch Figure Pay, a digital money app. According to a release, Figure Pay is now available in 26 different states and… Read More

September 16, 2021 @ 2:21 pm By JD Alois  |  

Curve, a fast-growing neo-bank, has announced a buy now, pay later (BNPL) service joining the rest of the market as it moves away from high-cost cards for certain purchases. Curve Flex is said to have received approval from the UK Financial Conduct Authority on September… Read More

September 16, 2021 @ 7:47 am By JD Alois  |  

Marqeta (NASDAQ: MQ), a modern card issuing platform utilized by both old finance and Fintechs, has distributed a report highlighting the usage of credit cards during the COVID-19 health crisis. The report indicates that COVID has boosted the popularity of credit cards and flexible payment… Read More

September 12, 2021 @ 7:27 pm By Omar Faridi  |  

UK-based digital banking platform Monzo, which is under investigation for possible money laundering activity and posted £130m in losses, is reportedly planning to enter the fast-evolving Buy Now, Pay Later (BNPL) sector. As first reported by the Evening Standard, two different sources noted that the virtual… Read More

September 11, 2021 @ 9:37 am By Omar Faridi  |  

Buy Now Pay Later (BNPL) provider, DivideBuy, has acquired a £300 million lending facility as it continues to focus on its growth and expansion efforts. As mentioned in a release, the funding from investment management company Davidson Kempner Capital Management LP, which also includes a… Read More

September 10, 2021 @ 7:50 am By Tony Zerucha  |  

Addi, a fintech and digital commerce startup based in Bogota and Sao Paulo, this week announced new equity funding for $75 million, led by Greycroft with participation from new investors GGV Capital, Citius Capital, and Intersection Growth Partners, as well as existing investors Andreessen Horowitz,… Read More

September 9, 2021 @ 4:27 pm By JD Alois  |  

Buy now, pay later, platform Affirm (NASDAQ:AFRM) has topped its fourth-quarter earnings. Shares marched higher in after hours trading. During Q4, top-line revenue came in at $261.8 million, a 71% increase versus same quarter year prior. Total revenue for the fiscal year was $870.5 million,… Read More

September 9, 2021 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) has announced that a partnership with Zip Co. (ASX: Z1P) in Australia will continue as they join to power a buy now, pay later (BNPL) solution. Marqeta has been working with Zip for about a year but this is the first time… Read More

September 8, 2021 @ 2:29 pm By JD Alois  |  

PayPal (NASDAQ: PYPL) has announced the acquisition of buy now, pay later (BNPL) firm Paidy for $2.7 billion (¥300 billion) – mainly in cash. BNPL services have boomed in popularity as the services has emerged as an alternative to expensive credit card transactions. Paidy offers… Read More

September 6, 2021 @ 10:57 pm By Omar Faridi  |  

One in 10 or around 10% of Buy Now Pay Later (BNPL) shoppers have been contacted by debt collection agencies, and this figure increases to one in eight for younger consumers, according to Citizens Advice. The Citizens Advice charity has shared research findings which reveal… Read More

September 3, 2021 @ 11:53 am By JD Alois  |  

Funding Circle, an online lender for SMEs, has launched a buy now, pay later (BNPL) payments product thus expanding its set of Fintech services. In a release, Funding Circle announced FlexiPay in a move to “revolutionize” the £1 trillion payments market. Funding Circle says that… Read More

August 30, 2021 @ 11:07 pm By Omar Faridi  |  

Japan-based Fintech firm Paidy, specializing in the Buy Now, Pay Later or BNPL sector, is reportedly looking into going public. This, according to a report from the FT. BNPL has become quite popular globally, with many new Fintechs entering the space within a relatively short… Read More

August 29, 2021 @ 11:08 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and assists merchants with driving growth reveals that its “flexible” payment service will soon be available to Amazon.com clients at checkout. As mentioned in the announcement, Amazon and Affirm are currently testing with select customers, and… Read More

August 26, 2021 @ 8:41 am By Omar Faridi  |  

BNPL Pay, a “decentralized” lending protocol that “puts credit in the hands of those who need it the most (users without capital), says that it aims to address the problems presented by uncollateralized borrowing through their “novel” design of “a decentralized network of banking nodes.”… Read More

August 25, 2021 @ 8:15 am By Omar Faridi  |  

Fintech firm Westpay AB, and Klarna AB, a global retail bank, payments, and shopping service, have entered an agreement aiming to further expand the reach and “footprint” of Klarna’s payment services. As mentioned in a release, Westpay will now be integrating Klarna’s payment offerings, “making… Read More

August 23, 2021 @ 8:57 am By Omar Faridi  |  

Clearpay, an established Buy Now, Pay Later payments platform (known as Afterpay (ASX: APT) outside the UK/Europe), has launched its new merchant analytics solution, Clearpay iQ. With this new tool, brands are able to gain access to customer-centric analytics in order assist with optimizing investment… Read More

August 19, 2021 @ 12:15 pm By Tony Zerucha  |  

Credit cards may be losing their dominant position as a preferred spending mechanism, the results of a new survey by account-to-account payment services company GoCardless suggests. The company teamed with Propeller Insights to survey more than 1,000 American adults about their payment preferences. A Clear… Read More

August 19, 2021 @ 11:40 am By JD Alois  |  

Payments provider ic2 has partnered up with VISA to launch point of sale buy now, pay later (BNPL) credit options. Via the collaboration merchants may gain access to a BNPL option to pay in installments instead of all at once or by credit card. BNPL… Read More

August 12, 2021 @ 10:56 am By JD Alois  |  

Zilch, a buy now – pay later (BNPL) Fintech, has acquired NepFin in a move to expand the company’s offerings in the United States. The terms of the deal were not disclosed. Neptune Financial, or NepFin, is a commercial lending Fintech that provides debt funding… Read More

August 11, 2021 @ 7:19 pm By Tony Zerucha  |  

A new Omdia whitepaper commissioned by fintech solutions provider CR2 discusses the rise of digital wallets and their influence on the unbanked and underbanked and offers recommendations on how incumbent banks can embrace digital wallets to engage with new and existing customers. It cites key… Read More