Tagged: bnpl

January 30, 2022 @ 3:00 pm By JD Alois  |  

Alchemy, a lending as a service (LaaS) platform, is looking to raise $25 million to continue its recent growth surge – and it is actively seeking investors. The company was co-founded by CEO Timothy Li who’s resume includes advising big lenders like Rocket Mortgage, working… Read More

January 26, 2022 @ 9:57 am By JD Alois  |  

Affirm (NASDAQ:AFRM) has announced new options for customers to access its buy now, pay later (BNPL) services. According to a release, Affirm has launched a new “super app” as well as a browser extension. Affirm said the new app bundles both its payments and savings… Read More

January 26, 2022 @ 8:30 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, is introducing a  physical card in the United Kingdom, allowing consumers the chance to take advantage of Buy Now, Pay Later or BNPL options at traditional bricks and mortar store locations. Currently available in either black… Read More

January 21, 2022 @ 10:47 am By Omar Faridi  |  

Vartana, a provider of managed checkout and BNPL options for businesses, has announced its launch with $57 million in seed funding. The new capital injection reportedly includes $7 million in equity led by tech firm Audacious Ventures as well as $50 million in debt from… Read More

January 20, 2022 @ 3:14 pm By Tony Zerucha  |  

Banking software company Temenos this week launched its buy now, pay later (BNPL) banking service. This offering will open up new revenue opportunities for banks and fintechs through the use of alternative credit products. Temenos BNPL, combined with patented Explainable AI, can help banks create… Read More

January 14, 2022 @ 12:52 pm By Omar Faridi  |  

The team at Fintech company Affirm (NASDAQ: AFRM) notes that two years of living with a global pandemic have “reshaped expectations for consumers and retailers in 2022.” Affirm writes in a blog post that shoppers plan to “travel and buy new clothes, and many retailers… Read More

January 13, 2022 @ 10:14 am By JD Alois  |  

Zilch has announced an expanded partnership with Mastercard (NYSE: MA) to bring a buy now, pay later (BNPL) service to Europe. Zilch’s digital card is currently available in the UK and reports over 1.7 million customers in less than 15 months. Zilch initially announced a… Read More

January 12, 2022 @ 11:37 pm By Tony Zerucha  |  

APEXX Global, a global payments platform, is expanding into the U.S. marketplace, the company announced this week. Today, the company forecasts to be processing roughly $20 billion by the end of 2022. One focus for the company is the buy now, pay later (BNPL) market,… Read More

January 11, 2022 @ 3:15 pm By JD Alois  |  

Buy now, pay later (BNPL) offerings are booming. BNPLs can provide access to credit at a lower rate than credit cards – which tend to charge very high rates for revolving credit. For consumers interested in making a significant purchase, BNPL can be an excellent… Read More

January 11, 2022 @ 11:53 am By JD Alois  |  

Fly Now Pay Later is not just a service, it is a company – a Fintech that has just raised $75 million in a debt round led by funds managed by Atalaya Capital Management. According to a public release, the investment also included an undisclosed… Read More

January 11, 2022 @ 8:44 am By JD Alois  |  

AltFi’s inaugural Buy Now, Pay Later Forum has landed! Explore the meteoric rise of pay later over the past few years, and what the future holds for this new form of lending at this not-to-miss virtual event. 2022 holds the potential to be pivotal for pay later, as… Read More

January 10, 2022 @ 3:05 pm By Omar Faridi  |  

Open Banking is the “future of banking,” according to an update from alternative investment platform YieldStreet. The team at YieldStreet has explained how Open Banking can impact your banking experience. In an episode of The Yield, Yieldstreet CFA Peter Kerr was joined by Frédérick Lavoie… Read More

January 6, 2022 @ 10:03 pm By Omar Faridi  |  

Providing a Buy Now, Pay Later (BNPL) option to your clients may help with boosting conversion 20-30% and average cart sizes 30-50%, according to an RBC Capital report. As mentioned in a blog post by Affirm (NASDAQ: AFRM), these benefits could make a significant difference… Read More

January 6, 2022 @ 5:44 pm By JD Alois  |  

Last month, Equifax announced that it was incorporating buy now, pay later (BNPL) data in their credit files. Industry sibling Experien has already been adding at least some data to their files. BNPL has risen in popularity due to its growing accessibility and lower cost… Read More

January 5, 2022 @ 7:52 pm By Timothy Li  |  

6 years is an eternity in Fintech and this is my 6th annual Top 10 Fintech Predictions for 2022. 2021 was a great year for Fintech, billion-dollar IPOs, Crypto, NFTs, and the evolution of blockchain technology has taken over the globe. BigTech are all basically… Read More

December 28, 2021 @ 10:37 am By Omar Faridi  |  

Addi, a startup that has experienced steady growth by providing clients in Latin America the chance to use Buy Now, Pay Later (BNPL) services, recently secured $200 million of debt and equity in order to support an expansion in the region. The Bogota-headquartered Fintech confirmed… Read More

December 22, 2021 @ 9:02 am By Omar Faridi  |  

Providing a smarter way to perform monetary transactions, PollenPay, a UK-headquartered Buy Now Pay Later (BNPL) firm is pleased to confirm its launch plans. Led by company founder and CEO, Leon Wilson, the team at PollenPay plans to ease pressure on purchases, while at the… Read More

December 16, 2021 @ 3:48 pm By JD Alois  |  

Buy now, pay later, services may be receiving more scrutiny if several Senate Democrats have their way. Yesterday, Senators Jack Reed, Sherrod Brown, Elizabeth Warren, Chris Van Hollen, Tina Smith, and Jon Ossoff, sent a letter to the Consumer Financial Protection Bureau (CFPB) urging Director… Read More

December 15, 2021 @ 6:26 pm By Tony Zerucha  |  

APEXX, a global payments platform, earlier this week announced a long-term strategic partnership on buy now pay later (BNPL) with Worldline, a provider of payments and transactional services industry. As part of the strategic partnership, Worldline will enable their global e-commerce merchants to access BNPL… Read More

December 9, 2021 @ 2:35 pm By Tony Zerucha  |  

Resolve, a provider of net terms-as-a-service and buy now, pay later (BNPL) solutions, announced today it has raised an additional $25 million in strategic equity funding to meet rising demand from B2B companies seeking to simplify their net terms payments and embed B2B BNPL solutions into… Read More