UK-based Playter closes $55M round for its BNPL platform aimed at SMEs
Europe has no shortage of buy now, pay later startups and a quick search is revealing. Berlin-based fintech startup Mondu has taken in €39.9 million to expand its B2B BNPL solution. Madrid’s RITMO
A second wave of consumer BNPL startups is taking the model to new markets
While these services could help consumers access pricey necessities — in the case of health or childcare — is it really a good idea for consumers to start paying off even more in installments?
Fintech’s fever can’t make up its mind
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single to
Klarna’s potential valuation cut to $15B appears sufficiently steep
The Wall Street Journal recently reported that Klarna, a European buy now, pay later (BNPL) provider, is considering raising capital at a valuation of around $15 billion. The new figure is both a dram
Apple’s Pay Later installment credit scheme will live under a new lending subsidiary
The news that Apple would offer its own “buy now, pay later” service splitting any Apple Pay bill into installments hit the fintech lending world like a thunderbolt. But it turns out the n
The stock-market impact of Apple’s WWDC keynote
You might think that the substance of what Apple announces matters to folks buying and selling its shares on any given day, but it mostly doesn't.
Affirm and Klarna ramp up competing efforts to attract US consumers
Welcome to The Interchange, a take on this week’s fintech news and trends. To get this in your inbox, subscribe here. Buy now, pay later has become nearly ubiquitous here in the U.S. As such, compan
Affirm teams up with Stripe as the BNPL wars intensify
Two fintech giants are partnering up. Affirm is making its buy now, pay later technology available to businesses that use Stripe’s payments tech. This means that a whole slew of companies that were
Betastore gets $2.5M to solve stockouts, financing challenges for informal retailers in West and Central Africa
About 80% of household retail in sub-Saharan Africa is delivered through informal channels, which perennially face several challenges like stockouts, leading to an instability in earnings and a lack o
Klarna lays off 10% of its workforce
Swedish payment giant Klarna is going to cut hundreds of jobs in the coming days. Today’s news comes a few days after the Wall Street Journal reported that the company was going to cut its valuation
As Klarna looks to raise more capital, is it cutting its valuation enough?
No one likes a down round. They are dilutive, messy and demoralizing. But they are also miles better than not raising money and dying, so companies raise them when required.
As markets shift, Mercado Libre’s falling share price shows no company is safe
What then can we learn from Mercado Libre’s earnings report and ensuing valuation decline?
BNPL in 2022: 4 fintech investors discuss regulation, trends and how to stand out
To get a better picture of where the BNPL market is at right now, we spoke with four active investors about their expectations for the space, upcoming regulation, scalability, default risk and more.
The BNPL boom may be fading
The shocking decline in the value of Upstart and Affirm is only part of the story. There are myriad startups in the BNPL market, meaning that a large piece of fintech was just heavily repriced.
The BNPL crackdown hasn’t crushed Walnut and its latest $110M Series A
Walnut was founded by Roshan Patel and Yash Joshi to bring the buy now, pay later model to healthcare, arguably the home of some of the least transparent and taxing financial transactions. After being
Affirm’s CTO talks transparency and the tech that makes BNPL possible
TechCrunch sat down with Libor Michalek, president of technology at Affirm, to understand just how the company differentiates itself from its plethora of competitors.
Fraud as a service: Scammers are using encrypted messaging to undercut BNPL revenue
Payment fraud is going mainstream, and anyone with an internet connection can join in.
Nigeria’s CredPal secures $15M in debt and equity to scale its BNPL product across Africa
The adoption of buy now, pay later (BNPL) in Nigeria as a payment option both online and at the point of sale is expected to record a CAGR of 20% from 2021 to 2028, per this report. BNPL’s growt
Using data to solve key pain points for today’s banking customers
Vast amounts of information improve banks’ ability to support customers, but financial institutions must know how to use it.
Klarna shows that BNPL growth is not cheap
The BNPL market appears more expensive and less valuable than it did in mid-2021.