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Swedish buy now pay later (BNPL) unicorn Klarna is reportedly facing a hefty downround, which would put its valuation at a third of its previous.

Nigerian FinTech buy now, pay later service CredPal has received an investment from the Cairo Angels Syndicate Fund (CASF).

Sanlo, which provides financial services to gaming and app companies, has collected $10m in its Series A, alongside the launch of a $200m investment fund for game developers.

Caribou, which helps consumers save money on auto loans, has joined the unicorn club after the close of an oversubscribed Series C round, which closed on $115m.

European FinTech giant Klarna is reportedly about to suffer a valuation drop of $30bn as it seeks fresh investment.

Dutch buy now pay later service provider in3 has scored $85.3m in its Series B funding round.

Buy now, pay later companies operating in Ireland will now need to be authorised by the Central Bank of Ireland, following an extension to the Consumer Protection Act 2022.

Buy now, pay later provider Scalapay has scored $27m in a Series B extension round led by Poste Italiane, Italy’s largest service infrastructure network.

Possible Finance, a FinTech that claims to offer life-changing financial services for underserved consumers, has bagged $20m in equity.

Point, a FinTech and home equity platform that provided homeowners access to equity finance in exchange for a fractional share of the future value of their homes, has raised $115m in Series C funding.