Tagged: bnpl

March 20, 2023 @ 8:14 am By Omar Faridi  |  

Buy Now Pay Later (BNPL) usage continues to grow, but “not all these payment plans are experiencing the same level of customer engagement,” according to an update shared with CI. By the end of 2021, shoppers had “spent more than $20 billion using BNPL, and,… Read More

March 16, 2023 @ 8:14 am By Omar Faridi  |  

Fintech firm Hokodo joins forces with French international banking group BNP Paribas in order to deliver a frictionless B2B Buy Now, Pay Later (BNPL) solution that “enables large multinational corporates to provide payment alternatives to their business customers.” Together, BNP Paribas and Hokodo will “offer… Read More

March 7, 2023 @ 5:00 pm By Omar Faridi  |  

Kueski, the online financial ecosystem for consumers in Mexico, announced that it has disbursed a record 10 million loans. With more than 1.8 million unique customers and more than $1.6 billion in loan transactions, this marks an important milestone for the company on its mission… Read More

March 1, 2023 @ 10:56 am By JD Alois  |  

Klarna, a buy now pay later platform, posted 4th quarter and full year 2022 results yesterday. Pointing to a challenging market, Klarna shared that it had lost SEK 10.4 billion (about $1 billion) for the year and lost SEK 1.9 billion (about $182 million) during… Read More

February 17, 2023 @ 5:19 pm By Omar Faridi  |  

Westpac will soon offer credit card customers the ability “to pay for purchases in four instalments, providing greater control and flexibility.” In the coming months, Westpac credit card customers will be able “to link their existing credit card to a new PartPay digital card, enabling… Read More

February 16, 2023 @ 6:52 am By Omar Faridi  |  

Zopa has announced the acquisition of buy now – pay later (BNPL) platform  DivideBuy. Terms of the transaction were not immediately available. Zopa recently raised £75 million as it gears up for the possibility of more acquisitions. The acquisition is expected to complete in the… Read More

February 9, 2023 @ 11:46 am By Omar Faridi  |  

Max Levchin, Founder and CEO at Affirm (NASDAQ: AFRM), has shared an update with their employees and that he also wants to share the message publicly. In a move to reduce costs in a flagging market, Affirm will be slashing its workforce. Affirm reported earnings… Read More

February 8, 2023 @ 1:52 pm By JD Alois  |  

Apple (NASDAQ) is expected to soon launch its buy now-pay later product (BNPL) as it expands the service to a broader beta group. According to a report filed by Bloomberg, Apple Pay Later is being tested in-house by its approximately 80,000 or so retail employees…. Read More

February 8, 2023 @ 8:40 am By Omar Faridi  |  

Mondu, the “fast-growing” B2B payments company, announced MonduSell, a solution for B2B merchants offering flexible payments on all sales channels: field sales, tele-sales or email orders. MonduSell offers the most “popular” B2B payment methods and flexible terms while  processing orders from any sales channel in… Read More

February 8, 2023 @ 8:37 am By Omar Faridi  |  

iwoca is announcing the integration of its B2B payment solution iwocaPay with Quickbooks’ accounting software package – this makes it “the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.” Quickbooks supports UK businesses “with their accounting needs via a… Read More

February 2, 2023 @ 3:39 pm By Omar Faridi  |  

WooCommerce B2B stores can now easily add business buy now, pay later options within their eCommerce checkout thanks to the Kriya Payments plug-in. As our planet sets off on another orbit, it is natural for our minds “to gravitate towards a lull of self-reflection on… Read More

January 31, 2023 @ 7:25 pm By Omar Faridi  |  

BharatX, an emerging white labelled credit enabler for e-commerce merchants, has  announced its partnership with Snitch – an online men’s clothing brand to offer buy now pay later services. Through the “SnitchPay” feature powered by BharatX, customers will be able “to pay for their purchases… Read More

January 26, 2023 @ 8:16 am By Omar Faridi  |  

Klarna, which claims to be the global leader in the generational shift away from credit cards,  announced the launch of Money Story in the US Klarna App – “a personal spending summary of 2022 that provides millions of consumers with useful insights into their spending… Read More

January 25, 2023 @ 9:08 am By Omar Faridi  |  

Tranch, a buy now pay later (BNPL) platform for SaaS sellers and services providers, has raised $100 million in seed equity and debt funding “to bring payment flexibility to a wider pool of B2B customers.” The investment round was “led by Soma Capital (New York-based… Read More

January 23, 2023 @ 8:25 am By Omar Faridi  |  

Playter, the UK’s provider of B2B Buy-Now-Pay-Later for SMEs, is once again shaking things up in the world of alternative lending, with its newest credit offering, “Paid”. Playter’s mission “to help SMEs release cash flow for growth and investment by offering flexible financing, continues apace… Read More

January 18, 2023 @ 9:52 am By Omar Faridi  |  

The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More

January 16, 2023 @ 10:47 am By JD Alois  |  

This past weekend, Zilch, a buy now pay later (BNPL) provider, was a target of a story entitled Buy now pay later to impact credit scores of millions. The article in the Sunday Telegraph stated that changes at Zilch would see data shared with agencies which… Read More

January 16, 2023 @ 9:19 am By Omar Faridi  |  

Digital lender and non-bank challenger MONEYME (ASX: MME) has officially launched a new credit score product that has already “seen over 37,000 new customers swarming to discover their score during a Beta Trial, despite zero marketing of the product so far.” The MONEYME Credit Score… Read More

January 14, 2023 @ 9:39 am By Omar Faridi  |  

actyv.ai, a Singapore-headquartered, category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has raised a total of $12 million “as part of Pre-Series A funding round from 1Digi Ventures, Singapore, the family office of Raghunath Subramanian, Founder and Global CEO of… Read More

January 10, 2023 @ 9:53 am By JD Alois  |  

Lemonway, a top European Fintech, is reporting solid results for 2022, with volumes jumping by 39% during the year. Lemonway is a pan-European payments provider targeting marketplaces, including alternative finance platforms looking for payment processing, wallet management, and third-party payments, along with anti-money laundering (AML)… Read More