Pay Later
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Klarna credit card launches in the US as Swedish fintech grows its market presence
Klarna is launching its credit card in the United States, the Swedish fintech giant told TechCrunch in an exclusive interview. “It was one of our most asked for products,” said David Fock, Klarna’s chief product and design officer, “and will allow people to pay in the Klarna way but with a card.” By “Klarna way,”…
BNPL vendor Splitit moves to go private in exchange for fresh funds
As the buy now, pay later (BNPL) market continues on its slow decline, one of the major players, Splitit, is embarking on an effort to reorganize and pivot. Splitit today…
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Affirm’s stock plunges as it misses earnings, cuts 500 jobs and shutters crypto unit
Citing economic turbulence, buy now, pay later giant Affirm announced today that it is reducing its staff by 19%, or about 500 employees, and shutting down its crypto unit. That leaves the company with about 2,000 employees. In a written statement, founder and CEO Max Levchin said that he takes “full responsibility for this decision…
Lease-to-own fintech startup Kafene raises $18M to battle BNPL
Kafene, a lease-to-own startup aimed at underbanked consumers who don’t have access to traditional credit, raised $18 million in a Series B funding round. While there are similarities to the…
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…
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.
Affirm spinout Resolve raises $25M in Insight Partners-led round to grow B2B buy now, pay later offering
Resolve, which specializes in “buy now, pay later” capabilities for B2B transactions, announced today that it has raised $25 million in equity funding. The investment comes just months after the…
Lee Fixel’s Addition leads $32M investment into TruePay, a Brazilian B2B ‘buy now, pay later’ startup
Global investors continue to be drawn to LatAm. TruePay, a one-year-old São Paulo-based “buy now, pay later” startup, announced today that it has raised $32 million in a Series A…
Nelo joins the BNPL rush, with $20M in new funding and the Mexican market in its sights
Buy now, pay later (BNPL) has been making headlines all over the place this year — from Square’s planned acquisition of Afterpay to Affirm going public. Still, Latin America remains…
In a blockbuster deal that rocks the fintech world, Square announced today that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal. The…
Kafene raises $14M to offer buy now, pay later to the subprime consumer
The buy now, pay later frenzy isn’t going anywhere as more consumers seek alternatives to credit cards to fund purchases. And those purchases aren’t exclusive to luxuries such as Pelotons…
