The Fintech Times

FEBRUARY 13, 2024

Having debunked some of the biggest myths surrounding buy now pay later (BNPL), we now turn our focus on the technology’s potential. We reached out to the industry and asked if it believed BNPL could overtake credit card usage as new technologies rise in popularity. Younger generations prefer BNPL.

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The Fintech Times

FEBRUARY 7, 2024

Buy now, pay later (BNPL) offerings continue to grow in popularity across the UK. An increasing number of Brits are using BNPL services despite the government being unlikely to introduce planned regulation to the sector in the UK ahead of the general election this year. million Brits, according to new research by finder.com.

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The Fintech Times

JUNE 15, 2024

The consumer credit arm of Mediobanca Group , Compass is expanding its partnership with Nexi , the European paytech, to not only service the buy now pay later (BNPL) market, but the e-commerce one as well. This means customers can have their transaction and BNPL request accepted within just a few minutes.

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CB Insights

SEPTEMBER 7, 2022

Although overall fintech investment fell by 33% in Q2’22 , funding to BNPL companies has already reached $2.6B in 2022 — on pace to comfortably surpass 2021’s record-high of $4.3B. Want the full post? download the state of fintech Q2 2022 report. First name. Company name. Phone number.

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The Fintech Times

JANUARY 4, 2024

Buy Now Pay Later (BNPL) services’ popularity has continued to grow over the last year. BNPL is a form of unregulated short-term financing which have become increasingly popular, despite the financial risks. Several banks including NatWest , Virgin Money , HSBC and Monzo have also all launched BNPL products.

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CB Insights

FEBRUARY 25, 2022

Scalapay , a buy now, pay later (BNPL) company, has raised $497M in a Series B. Italy-based Scalapay offers a BNPL platform that enables shoppers to pay for goods in installments. Since its last funding round in September 2021, the platform has increased its payments volume by 3x month-over-month. Want the full post?

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CB Insights

JANUARY 17, 2023

Affirm is one of the world’s leading buy now, pay later (BNPL) companies. Founded in 2012, the company went public in January 2021 at a $12B valuation. And its made strategic relationships, including the December 2020 acquisition of Canada-based BNPL provider PayBright , to expand beyond the US into Canada.

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Fintech News

MARCH 3, 2024

According to DealStreetAsia , Fairbanc aims to utilise the newly acquired funds to broaden its operations in Indonesia, focusing on off-balance sheet financing via its newly introduced Buy Now, Pay Later (BNPL) gateway. Featured image credit: Fairbanc The post Fairbanc to Enhance Indonesian Operations with US$13.3M

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Finance BNPL Embedded Finance Gateways 111

Fintech Finance

JUNE 12, 2024

Nexi , the European PayTech leader, and Compass , the Mediobanca Group’s consumer credit arm, are consolidating their strategic partnership in the Buy Now Pay Later (BNPL) segment by expanding it to include the e-commerce channel as well.

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PYMNTS

NOVEMBER 2, 2020

million new merchant accounts — doubling its pre-coronavirus quarterly average merchant sign-on rate, CEO Dan Schulman told investors on the post-earnings conference call. Schulman also touted the success of PayPal’s latest BNPL push in the U.S., The company now forecasts $900 million in revenue for Venmo during 2021.

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CB Insights

MAY 31, 2023

Leading into 2022, numerous fintech unicorns operating in areas like payment acceptance and BNPL saw their funding, employee headcount, and valuations skyrocket. Among these , BNPL provider Klarna and payments processor Stripe reached valuations of $45.6B and $95B, respectively, in 2021. Want the full post?

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CB Insights

MARCH 15, 2022

The global fintech unicorn count hit 235 in 2021 — up 108% from 2020. window.ClearbitForHubspot.addForm($form); }, region: “na1”, portalId: “763793”, formId: “43c769ca-a0ef-4952-9926-d926d9a4c885” }); Want the full post? The post Indian BNPL provider MoneyView reaches a $625M valuation.

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Fintech News

MAY 27, 2024

million in 2021. Additionally, the APAC region is a frontrunner in adopting innovative payment methods like Buy Now, Pay Later (BNPL). According to a report by McKinsey, APAC accounted for nearly 40% of the global BNPL transaction volume in 2020. Download the “2024 State of Fraud” whitepaper by Telesign here.

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APACS FinTech Data Breach Fraud Prevention 111

CB Insights

APRIL 18, 2022

The global fintech unicorn count hit 235 in 2021 — up 108% from 2020. window.ClearbitForHubspot.addForm($form); }, region: “na1”, portalId: “763793”, formId: “43c769ca-a0ef-4952-9926-d926d9a4c885” }); Want the full post? Download the report to learn more.</p> hbspt.forms.create({.

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Finovate

FEBRUARY 2, 2024

Some of our Mexico-based alums include: Nufi Founded in 2020 and headquartered in Monterrey, Nuevo Leon, Mexico, Nufi made its Finovate debut at FinovateFall 2021 in New York. The company was acquired by Mexico-based online lending platform Konfío in 2021. Photo by Miguel Á.

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PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021. Capital One Halts BNPL Transactions On Its Credit Cards.

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Fintech News

MARCH 19, 2024

This move comes on the heels of ShopBack’s decision to end its Buy Now, Pay Later (BNPL) service that takes effect this Friday (22 March 2024) in Singapore and Malaysia. The service was initially launched in July 2022 following its acquisition of BNPL provider hoolah in November 2021.

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PYMNTS

DECEMBER 24, 2020

If there was a defining trend for payments in 2020, or a trend that gained the most traction compared to 2019, it was buy now, pay later (BNPL). Millennials lead in the early adoption of BNPL, especially older “ bridge millennials ,” or those aged 32 to 41 who tend to have more purchasing power than their younger counterparts.

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CB Insights

JUNE 30, 2021

Buy now, pay later (BNPL) companies — which offer online and in-store financing options at the point of sale — are emerging across the globe and gaining momentum with investors. So far in 2021, BNPL players have already set an annual funding record with over $2.1B Want the full post? First name. Company Name.

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BNPL Research Posting Finance 58

Fintech Review

JUNE 4, 2024

A crucial facet of Uzum’s digital ecosystem (which includes a marketplace, an express delivery service, traditional and digital banks, a BNPL service, an automotive marketplace) is an app for entrepreneurs, designed to provide the financing for young, early-stage businesses. The post Uzbekistan: A Fintech Paradise?

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CB Insights

MARCH 2, 2021

As online shopping surges amid the pandemic, “buy now, pay later” (BNPL) companies have dominated headlines — attracting online, money-conscious shoppers with seamless delayed payment alternatives that bypass the usual fees. Download our full report to find out the top trends poised to reshape industries in 2021.

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The Fintech Times

FEBRUARY 28, 2024

Against this backdrop of rapidly declining availability of regulated credit to sub-prime customers, unregulated lending has risen, including buy now, pay later ( BNPL ) and in some instances, illegal money lending.

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Risk BNPL Non-Bank Regulations 59

CB Insights

SEPTEMBER 20, 2021

GreenSky: Georgia-based GreenSky is a fintech company that provides buy now, pay later (BNPL) solutions to merchants, enabling them to expand payment options for their customers and increase sales. The company went public at a valuation of $4.28B in May 2018 and posted revenue of $525.6M Want the full post?

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Acquirers BNPL Volume Posting 67

The Fintech Times

APRIL 22, 2024

Through the new launch, Codebase Technologies, with offices across MENA , Africa and APAC, will provide financial institutions with a tailored platform to launch a variety of SME financing products and services such as digital supply chain financing products, BNPL for business, working capital loans, and much more, across key geographies.

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The Fintech Times

APRIL 10, 2024

The research published indicates that since 2021, fintech funding has dropped considerably. “I believe fintechs will still have a difficult time fundraising in 2024, and will potentially have a slow recovery post 2025. “Fintech’s success hinges on its ability to adapt to the post-‘free money’ era.

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Finovate

JULY 5, 2024

The fintech’s TrueMoney platform offers e-payment, lending, BNPL, investment, and insurance. In 2021, the company received a $1.5 Photo by Dan Freeman on Unsplash The post Ascend Money Lands $195 Million from MUFG appeared first on Finovate. billion during its $150 million funding round.

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Financial Inclusion Underserved BNPL Small Business 52

PYMNTS

JANUARY 14, 2021

Marqeta said that Goldman Sachs “will leverage our modern card issuing platform” to introduce digital checking accounts to Marcus customers, according to a Marqeta blog post on Thursday (Jan. The new digital checking accounts are expected to be introduced to customers later in 2021. “We

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Checks Payment APIs and Integration BNPL Visa 82

Fintech News

SEPTEMBER 4, 2024

Paywatch, which operates across Malaysia, the Philippines, Indonesia, and South Korea, has recorded notable growth, processing over US$58 million in salaries to date and posting monthly disbursements of nearly US$8 million. The company expects to exceed US$120 million in disbursed salaries by the end of the year. With a US$6.6

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PYMNTS

DECEMBER 28, 2020

The Rise Of BNPL. Buy now, pay later (BNPL) had a big year in the consumer payments world, particularly as shoppers flocked online and gained access to integrated BNPL offerings right at the point of sale. Today, the implementation of trade credit is the closest mechanism the B2B payments landscape has to a BNPL model.

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The Fintech Times

MARCH 5, 2024

The emails also said the company would waive the outstanding balances for any BNPL plans users currently have and refund the dollar value of any unused Zilch rewards to users’ bank accounts in the coming weeks. Earlier this year, Zilch revealed its customer base has increased to more than 3.6

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Finovate

JANUARY 10, 2024

Singapore-based BNPL firm Atome raised $31 million from parent company Advance Intelligence Group. This might not seem like a lot when compared to 2021 funding levels. Photo by César Couto on Unsplash The post Fintech Funding Surges This Week: 10 Deals in 3 Days appeared first on Finovate. Africa-based fintech Cleva raised $1.5

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Fintech News

JUNE 20, 2024

For instance, Nexi, the pan-European acquirer serving two million merchants, launched a project in 2021 to integrate machine learning into its infrastructure, enhancing its risk management, marketing, and operations. The rise of Genereative AI in payments is transforming the sector significantly.

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FICO

FEBRUARY 10, 2023

NicholetteLarsen@fico.com Tue, 03/23/2021 - 22:16 by Tommy Lee Senior Director, Analytics and Scores expand_less Back To Top Fri, 02/10/2023 - 16:00 At the start of the pandemic, unemployment spiked and the CARES Act was passed to support those in financial need to pay their bills, including mortgage and auto loans. Lee holds a B.S.

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Fintech News

MAY 19, 2024

Twimbit, a Singaporean research and advisory firm, identifies data monetization as one of the biggest growth opportunities for banks in Asia-Pacific (APAC), which, alongside super-app platforms, financial marketplaces, banking-as-a-services and buy now, pay later (BNPL) arrangements, are projected to contribute over 40% of banking revenue by 2030.

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Fintech Finance

MAY 24, 2024

The CFPB began studying the Buy Now, Pay Later industry in 2021. In 2021, people disputed or returned $1.8 In 2021, the CFPB opened an inquiry into Buy Now, Pay Later with a focus on debt accumulation, regulatory arbitrage, and data harvesting. Buy Now, Pay Later products are popular across ages, races, and income levels.

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FICO

AUGUST 19, 2022

billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. Buy now, pay later (BNPL) has exploded in popularity over the last few years. This makes BNPL a dangerous competitor to banks’ payment and unsecured lending products. See all Posts.

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Credit Union FinTech BNPL Online and Mobile Banking 52

CB Insights

APRIL 22, 2021

Meanwhile, Apple is leaning on its sticky products and loyal customer base to offer consumer lending products like “buy now, pay later” (BNPL) options and credit cards. Our full report will be available in April 2021. Want the full post? FREE DOWNLOAD: STATE OF FINTECH q1’21 preview. First name. Company Name.

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