Tagged: bnpl

August 10, 2021 @ 10:46 am By Omar Faridi  |  

Canada-based Scotiabank (TSE: BNS) is reportedly converting credit card repayments into Buy Now, Pay Later or BNPL options, by offering customers the ability to pay off their debt in 3, 6, or 12-month fixed-installment payments. Currently available for purchases over $100 in-store or online, clients… Read More

August 8, 2021 @ 6:19 pm By Omar Faridi  |  

UAE-headquartered Buy Now, Pay Later (BNPL) Fintech tabby has acquired $50 million in capital as part of its recent funding round. tabby’s Series B investment round has been led by Global Founders Capital and STV. Delivery Hero, CCVA and several other backers of tabby took… Read More

August 4, 2021 @ 11:04 pm By Omar Faridi  |  

FinAccel, the parent of Kredivo, an AI-powered digital consumer credit platform based in Southeast Asia, and VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a special purpose acquisition company sponsored by Victory Park Capital, revealed on August 2, 2021 that they have finalized a definitive agreement… Read More

August 4, 2021 @ 4:58 pm By JD Alois  |  

Affirm (NASDAQ:AFRM) has announced the securitization of $500 million worth of BNPL loans. The transaction is Affirm’s third securitization of 2021, the sixth since it launched its program in July 2020. According to a release, the offering included five classes of fixed-rate notes: Class A,… Read More

August 4, 2021 @ 4:39 pm By JD Alois  |  

Buy Now, Pay Later (BNPL) is currently one of the hottest sectors of Fintech. BNPL is a service that can be provided at the point of sale for a transaction and thus supplant traditional credit cards in regards to larger transactions. As credit cards tend… Read More

August 2, 2021 @ 8:15 am By Omar Faridi  |  

Fintech giant Square (NYSE:SQ) will be acquiring Australia-based Buy Now, Pay Later or BNLP firm Afterpay for $29 billion. For payments Fintech Square, this deal should serve as a key opportunity to enter the fast-growing BNPL market that is now challenging the traditional merchant card-based… Read More

August 1, 2021 @ 5:36 pm By Omar Faridi  |  

Hong Kong-based digital bank Mox has introduced a new Buy Now, Pay Later (BNPL) service via its Mox Credit product, called “Split purchase.” Mox Credit clients are able to split their eligible or qualified transactions of HKD 400 or more into more manageable, equal monthly… Read More

July 28, 2021 @ 10:33 am By JD Alois  |  

Buy Now, Pay Later (BNPL) Fintech Behalf, has raised $19 million in new venture financing alongside a debt facility that is said to bring the total to $100+ million. Existing investors led the funding including MissionOG, Viola Growth, Viola Credit and Vintage Investment Partners. New… Read More

July 26, 2021 @ 9:21 am By JD Alois  |  

The Coalition for a Digital Economy (Coadec), an organization created to promote the UK as the top European startup ecosystem, has published a paper on the fast-growing Buy Now, Pay Later (BNPL) sector of Fintech. Entitled Regulate Credit Now, Reform it Later, Coadec says the credit… Read More

July 23, 2021 @ 9:20 am By JD Alois  |  

Zilch, a buy now, pay later (BNPL) platform has raised an additional $110 million in both debt and equity capital as part of an extended Series B funding round. In total, the London-based Fintech has raised $200 million making it one of the largest European… Read More

July 21, 2021 @ 10:21 pm By Omar Faridi  |  

Southeast Asia’s Grab, the developer of a Super App, has decided to extend its partnership with Adyen (AMS: ADYEN), a leading payments platform, in order to enable merchants in Singapore and Malaysia to provide BNPL payment options. Available via the GrabPay wallet, merchants can offer… Read More

July 21, 2021 @ 9:27 pm By Omar Faridi  |  

Australia-based Buy Now, Pay Later (BNPL) Fintech Afterpay (ASX:APT) says it will be diversifying its business operations with the introduction of a “money and lifestyle” app. The Money app has been developed following Afterpay‘s partnership with Westpac. Through their collaboration, Afterpay is able to operate… Read More

July 19, 2021 @ 11:21 pm By Omar Faridi  |  

TrueAccord, a Fintech that aims to transform debt collection into “a pathway toward financial health,” noted that halfway through 2021, digital commerce and consumer spending continue to witness the impact of government stimulus payments “while consumers look for new ways to invest and leverage their… Read More

July 13, 2021 @ 10:26 pm By Tony Zerucha  |  

The COVID-19 pandemic helped drive further growth in India’s e-commerce sector, new research from GlobalData shows. According to the firm’s E-Commerce Analytics, e-commerce payments in the country grew by 12.2 percent in 2020 and should reach $61.5 billion this year. Between now and 2025 sales… Read More

July 13, 2021 @ 7:14 pm By Omar Faridi  |  

“Have it your way” was the slogan that fast food joint Burger King adopted back in 1974 as a way to try to stand out or differentiate themselves from competitors while capitalizing on the “appeal of personalization,” the Affirm team writes in a blog post…. Read More

July 13, 2021 @ 6:58 pm By Omar Faridi  |  

Gary Rohloff, Co-Founder and Managing Director at New Zealand’s Laybuy, a Buy Now, Pay Later or BNPL Fintech, notes that last week, they released their FY21 annual report – which is the first since listing on the Australia Stock Exchange (ASX) in 2020. Gary writes… Read More

July 13, 2021 @ 3:29 pm By JD Alois  |  

Apple (NASDAQ:AAPL), the world’s most valuable public company, is diving deeper into the Fintech space according to a report. Apple is expected to offer a Buy Now, Pay Later (BNPL) service similar to other Fintechs like Affirm. BNPLs have emerged as a hot sector of… Read More

July 13, 2021 @ 12:31 am By Omar Faridi  |  

India’s digital payments giant Paytm recently introduced Paytm Postpaid Mini, which allows users to acquire small ticket instant loans to help them with managing their monthly or everyday expenses The Paytm team notes in a blog post that their goal is to bring clients the… Read More

July 11, 2021 @ 8:57 pm By Omar Faridi  |  

With changing consumer habits for digital purchasing and a significant increase in customer demand for Buy Now Pay Later (BNPL) payment services in the Australian market, Fintech firm Zip has decided to join forces with Microsoft (NASDAQ: MSFT). Zip says the new partnership is designed… Read More

July 7, 2021 @ 9:33 am By JD Alois  |  

Splitit (ASX:SPT), has announced a buy now, pay later (BNPL) service that is available at retail locations around the world. “Splitit InStore” also features Apple Pay as well as Google Pay to facilitate credit. Splitit also announced several new brands that have signed on to… Read More