Tagged: bnpl

March 31, 2022 @ 9:47 pm By Tony Zerucha  |  

Asian BNPL platform Pace announced today that it had signed an agreement to acquire competitor Rely for an undisclosed sum. They will absorb all Rely personnel, who will work to transition Rely customers to the Pace platform. Rely was an early entrant in Singapore’s BNPL… Read More

March 31, 2022 @ 5:45 pm By Tony Zerucha  |  

Today, merchant commerce platform Pine Labs announced a $50 million investment from Vitruvian Partners, a London-headquartered international investment firm. Incorporated in Singapore, Pine Labs’ key investors include Sequoia India, Actis Capital, Temasek, PayPal and Mastercard. Pine Labs serves large, mid-sized and small merchants across India… Read More

March 31, 2022 @ 8:43 am By Omar Faridi  |  

Danish Fintech firm Anyday has secured €4 million in capital via a seed round in order to bring its split payments (Buy Now, Pay Later) BNPL-style service to Scandinavia. Anyday’s split payment concept allows consumers to divide the cost of a purchase into four manageable… Read More

March 30, 2022 @ 8:05 am By Tony Zerucha  |  

While popular with consumers, buy now, pay later (BNPL) services also confuse them, results of a survey commissioned by BNPL firm Zilch suggest. Zilch plans on launching later this spring. BNPL has been used by 31% of consumers, but many folks do not understand how… Read More

March 26, 2022 @ 3:48 pm By JD Alois  |  

The Financial Technology Association (FTA) has submitted a comment letter in response to the Consumer Financial Protection Bureau’s (CFPB) review into Buy Now Pay Later (BNPL) platforms. The FTA represents several BNPL providers including Afterpay, Figure, Klarna, Sezzle, and Zip. Last  December several Democrat Senators… Read More

March 21, 2022 @ 11:27 am By Omar Faridi  |  

Callsign, the digital trust pioneer, recently announced the results of their first Buy Now Pay Later (BNPL) survey which polled over 2,000 U.S. adults on their experience with Buy Now Pay Later services “offered via retail sites.” Buy Now Pay Later services have “continued to… Read More

March 21, 2022 @ 11:24 am By JD Alois  |  

Recharge.com, a Netherlands-based payments Fintech, has announced the launch of its services in Australia. Recharge.com specializes in digital gift and prepaid cards for brands including Netflix, Spotify and Xbox. The company’s service is said to be rolling out amidst regulatory changes in the buy-now-pay-later (BNPL)… Read More

March 20, 2022 @ 3:38 pm By Omar Faridi  |  

London-headquartered Fintech firm Zilch reports steady growth, indicating that clients are responding to the company’s ongoing efforts to offer what CEO Philip Belamant describes as the “the democratization of free credit.” In November of last year, Zilch had been valued at around $2 billion only… Read More

March 17, 2022 @ 8:02 am By Omar Faridi  |  

Mastercard (NYSE: MA) has announced a growing list of partners, such as BNPL specialists and internationally-recognized brands, further expanding Mastercard Installments, “the unique BNPL program that delivers greater choice at checkout, both in-store and online.” Amount, Bass Pro Shops and Cabela’s, Deserve, H&R Block, i2c,… Read More

March 16, 2022 @ 2:51 pm By JD Alois  |  

Financial Technology Association (FTA) CEO Penny Lee has published an Op-Ed on Buy Now-Pay Later (BNPL) services a Fintech service that has suffered from “misinformation.” BNPL services are frequently at the point of sale when a purchaser is given the option for credit to pay… Read More

March 15, 2022 @ 10:42 pm By Omar Faridi  |  

Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and “helps merchants drive growth,” provided an update (on March 14, 2022) on its business performance, “including its current funding capacity and availability, and raised the Company’s third quarter and full-year fiscal 2022 financial… Read More

March 14, 2022 @ 10:14 am By JD Alois  |  

Playter, a buy now – pay later (BNPL) startup, has raised a $1.7 million Seed round, according to a statement from the company. Playter is a London-based platform that aims to help startups scale quicker with BNPL invoicing. The round was co-led by global investment… Read More

March 12, 2022 @ 2:45 pm By Omar Faridi  |  

Dutch Buy Now, Pay Later (BNPL) Fintech in3 has secured $11.1 million in capital and entered a deal with payments company Worldline in order to bring its products and services to more merchants. In3 was launched back in 2018 by a professional team that had… Read More

March 12, 2022 @ 10:58 am By Omar Faridi  |  

Curve, the financial super app which supports clients with better understanding and mastering their finances by bringing together debit, credit and loyalty cards into a single interface, recently confirmed its entry into US markets. Curve is currently available to download for US clients, who are… Read More

March 9, 2022 @ 3:19 pm By Omar Faridi  |  

Dollar General (NYSE: DG) announced a series of financial services aimed at improving access to banking options and offering additional customer payment alternatives. New services reportedly include the introduction of Dollar General’s exclusive spendwell banking platform, a Buy Now, Pay Later test program with Sezzle… Read More

March 7, 2022 @ 10:03 pm By Omar Faridi  |  

Sequoia Capital India and Saudi Arabia based VC company STV have reportedly led a $54 million round for Tabby, which claims to be one of the largest Buy Now, Pay Later (BNPL) providers in the Middle East. As the overall demand for Fintech services continues… Read More

March 7, 2022 @ 9:17 pm By Omar Faridi  |  

Singapore-based virtual bank IN Financial Technology (INFT) has now acquired MyCash Money, which is a money transfer company that is mainly focused on migrant workers (for an undisclosed amount). INFT is an end-to-end, employer-to-employee Fintech platform that supports MSMEs operating in Asian markets in order… Read More

March 2, 2022 @ 11:00 pm By Omar Faridi  |  

Mastercard (NYSE: MA), DBS Bank (SGX:D05) and Pine Labs have teamed up to introduce ‘Mastercard Installments with Pine Labs’ – which is a new program that enables DBS/POSB credit cardholders to pay via interest-free installments at merchants “with the ‘Pay Later’ identifier, simply by presenting… Read More

March 1, 2022 @ 11:47 pm By Omar Faridi  |  

Jiye Technologies, which claims to be the fastest growing Agri-Tech platform in Pakistan has announced a business-to-business (B2B) Buy Now, Pay Later (BNPL) feature through a digital financing product for farmers and businesses across the country, under its program called “Jiye Khushhaal Karobar.” The digital… Read More

March 1, 2022 @ 8:43 am By Omar Faridi  |  

Zip Co Limited (ASX: Z1P) and Sezzle Inc. (ASX:SZL) are pleased to confirm that they have entered into a definitive agreement under which Zip has agreed “to acquire Sezzle in an all-scrip transaction by way of a statutory merger under the laws of the State… Read More