Tagged: buy now pay later

Fintech Klarna Reports Significant Losses, while Demand for BNPL Products Continues to Surge

Sweden’s Fintech Unicorn Klarna has seen its losses increase significantly during the first 9 months of this year, as costs surged considerably amid growing demand for flexible payment options like Buy Now, Pay Later (BNPL) services. The Stockholm-headquartered company is reporting a pre-tax loss of… Read More

BNPL Fintech Credova Teams Up with Cornerstone Bank

Credova, a Buy Now, Pay Later (BNPL) solution emerging in the outdoor recreation, farm, home and ranch markets, has announced an agreement with Cornerstone Bank. Credova says that it exists because a group of people were “given an opportunity to create something that hadn’t been… Read More

BNPL Fintech Afterpay Introduces Buy Now, Pay Later Subscriptions In the US

Afterpay (ASX:APT), a provider of Buy Now, Pay Later (BNPL) payments, has announced its subscription solution – giving US consumers the option to pay for their recurring purchases in installments. Merchants such as IPSY, BoxyCharm, Savage X Fenty, and Fabletics will be among the first… Read More

Global Fintech Klarna Introduces “Pay Now” Option in the US

Klarna, an international retail bank, payments, and shopping service provider, has announced the addition of “Pay Now” to its range of payment options available in the United States. As noted in the update, this payment method should allow clients to make payments immediately and in… Read More

Fintech Klarna Reports that Many Consumers Plan to Ditch Credit Cards for BNPL, Flexible Payment Plans

One in every two UK residents is reportedly looking to give up their credit card completely for  Christmas shopping in 2021, with two-thirds or 66% of credit card holders saying they want to avoid having to pay excessive credit card interest. Even though credit cards… Read More

Singapore’s BNPL Fintech Pace Secures $40M via Series A from UOB Venture Management Others

Singapore-headquartered Pace, a Buy-Now-Pay-Later (BNPL) service provider, has acquired $40 million in capital as part of its Series A round. Investors that participated in Pace’s investment round include UOB Venture Management (Singapore), Marubeni Ventures (Japan), Atinum Partners (South Korea), AppWorks (Taiwan), and several family offices… Read More

UK’s Online Lending Platform, NewDay, Introduces Instant Access Digital Credit Acct with Flexible Payment Terms

Online lending platform, NewDay, has introduced an instant access digital credit account with flexible repayment terms which are aimed at protecting its business from the competition from Buy Now, Pay Later or BNPL providers. Newpay provides clients with a credit limit of £5,000, which may… Read More

BNPL Report: Nearly Half of Online Shoppers Say they Would Delay Purchases if Affirm Wasn’t Available

Affirm (NASDAQ: AFRM) notes that Buy Now, Pay Later (BNPL) is more than just a “modern twist” on layaway. Affirm writes in a blog post that consumers love the flexible payment method as a way to “avoid credit cards and manage their cash flow.” The… Read More

BNPL Fintech Afterpay Announces In-Store Payment Options at Major Retailers

Afterpay (ASX:APT), a provider of Buy-Now-Pay-Later (BNPL) payments, has announced that its in-store payments solution is currently available at major retailers “just in time for the busy holiday shopping season – including Nordstrom and Nordstrom Rack, J.Crew, Madewell, American Eagle, Aerie, Tilly’s, Morphe, Alo Yoga,… Read More

BNPL Zilch Claims Title of Fastest European Firm to Gain Unicorn Status, Raises $110 Million Series C at $2 Billion Valuation

Zilch, a London-based buy now, pay later (BNPL) Fintech, has closed on a $110 million services C funding round at a $2 billion valuation. Zilch last raised money in 2020 at a valuation of “just” $500 million. Zilch is claiming the title of the fastest… Read More

Fintech App Plentina, a Buy Now Pay Later Platform in the Philippines, Partners with Shopee

Fintech app Plentina, a Buy-Now-Pay-Later (BNPL) platform for consumers residing in the Philippines, has reportedly teamed up with Shopee. Residents of the Philippines are able to download the Plentina app and acquire loans for vouchers to buy products via the Shopee app. Plentina’s management noted… Read More

BNPL: ACI Worldwide Teams Up with Affirm to Provide Pay-Over-Time Option for US Merchants

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time virtual payment software and services, has teamed up with Affirm, the payment network that “empowers consumers and helps merchants drive growth.” As mentioned in a release, U.S. merchants using ACI Secure eCommerce are now able to… Read More

BNPL: CIMB Bank Philippines Teams Up with Lalamove to Offer Convenient Credit Services

CIMB Bank Philippines has teamed up with Lalamove in order offer convenient credit access to partner drivers via the bank’s Buy Now, Pay Later (BNPL) product offering, called REVI Credit. This partnership will allow Lalamove partner drivers to get quick access to credit for their… Read More

Blackhawk Network, Zip, Collaborate to Increase Buy Now, Pay Later Options

Global branded payments provider Blackhawk Network and global buy now, pay later firm Zip (formerly known as Quadpay) this week introduced new ways to purchase gift cards just in time for the holiday season. The partnership will integrate Blackhawk’s branded payments network to more than… Read More

Berlin based BNPL Billie Raises $100 Million at $640 Million Valuation

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

What’s Up with BNPL? Banking as a Service? Timothy Li of Alchemy Explains

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

Klarna Adds Pay Now Option Following Complaints About BNPL Service

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

BNPL: Visa Installments Expands Services to Australia, Providing a New Way to Buy Now, Pay Later

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

Fraud Protection Must Be Priority For BNPL Merchants

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

Pakistan’s QisstPay Secures $15M, Cementing Business as Country’s Fastest-Growing BNPL Platform

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

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