Tagged: bnpl

October 25, 2021 @ 9:51 am By JD Alois  |  

Berlin-based BNPL (Buy Now Pay Later) Billie has raised $100 million at a $640 million valuation according to a note from the Fintech. Simultaneously, Billie said it had received refinancing lines of $200 million per month. The capital will be provided by a consortium of German… Read More

October 23, 2021 @ 2:04 pm By Omar Faridi  |  

Klarna, a global retail bank, payments and shopping service, is bringing its signature experience to the travel sector with the acquisition of Inspirock, an online trip planner that enables consumers to explore a destination’s offerings and “create personalized itineraries utilizing local expertise and artificial intelligence.”… Read More

October 19, 2021 @ 12:00 pm By JD Alois  |  

Buy now, pay later (BNPL) is a red hot sector of Fintech. Combine this with banking as a service (BaaS) and you see two dominant trends in the transition from legacy banks to Fintech everywhere with embedded services and on-demand finance. Research and Markets predicts… Read More

October 18, 2021 @ 8:41 am By JD Alois  |  

Klarna, a neobank and payments platform, has announced the addition of the ability to “Pay Now” for UK customers alongside the option to pay overtime or Buy Now, Pay Later (BNPL) service. Klarna said it took these actions after being informed by the UK Financial… Read More

October 11, 2021 @ 5:29 pm By Omar Faridi  |  

Following the commercial launch of the Spenda Payment Suite in May of this year, this week Cirralto released a “major” upgrade to the Spenda system. In addition to the increased functionality, this update provided the necessary changes and assurance of their transaction scaling capabilities “to… Read More

October 10, 2021 @ 6:34 pm By Omar Faridi  |  

Visa (NYSE: V), the leader in virtual payments, recently announced the expansion of Visa Installments in Australia in partnership with ANZ (ASX: ANZ), which is one of the nation’s largest financial institutions, and merchant payment provider Quest. As mentioned in a release, the Visa solution… Read More

October 8, 2021 @ 3:40 pm By Tony Zerucha  |  

As is the case with any technology, when a new service becomes popular, it will also grab the attention of fraudsters. The latest process to get this treatment is the buy now pay later (BNPL) sector, a service recently adopted by Walmart and Target. With… Read More

October 8, 2021 @ 12:54 pm By Omar Faridi  |  

FreedomPay, a consumer-focused commerce platform, has performed an integration with Klarna, the international retail bank, payments and shopping service. Beginning today (October 7, 2021), FreedomPay’s US merchants may provide Klarna’s interest-free payment services at checkout in-store, which should help with boosting sales and “bringing added… Read More

October 7, 2021 @ 8:29 pm By Tony Zerucha  |  

Travel and leisure booking platform Klook and Asian buy now pay later (BNPL) brand Atome today announced a regional partnership to expand BNPL payment acceptance for travel, attractions and leisure experiences across Southeast Asia. The partnership will start in Singapore before rolling out to Hong… Read More

October 4, 2021 @ 10:17 pm By Omar Faridi  |  

QisstPay, which is one of Pakistan’s first Buy Now, Pay Later (BNPL) services, recently revealed that they’ve secured $15 million in capital as part of their seed and pre-seed rounds with “a mix of equity and debt.” MSA Capital reportedly led QisstPay‘s investment round, with… Read More

October 4, 2021 @ 9:09 am By JD Alois  |  

Buy now, pay later (BNPL) services are poised to replace credit cards as the preferred payment method for higher-cost purchases. By automating the borrowing process, consumers may save money by paying a lower interest rate in an installment loan-like service. BNPL’s have boomed in the… Read More

September 29, 2021 @ 10:46 am By Omar Faridi  |  

Mastercard (NYSE: MA) says it’s “reinventing” installments in order to give clients more payment options wherever they make purchases. According to an announcement from the payments giant, Mastercard Installments BNPL program will be introduced in the US, Australia, and the UK markets. The payments company… Read More

September 24, 2021 @ 9:13 am By Omar Faridi  |  

BNPL Pay has finalized its investment round. The Fintech company has secured a total of $7.14 million for the ongoing development of its protocol. As previously reported, the BNPL token is the utility and governance token of the BNPL Pay ecosystem. Below is a breakdown… Read More

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