Other Lending

The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?

Slice, a credit card for first-time users, has reportedly netted $23m in debt funding from 18 lenders.

NatWest is now allowing customers to establish their own daily digital bank transfer limits to reduce the impact caused by authorised push payment (APP) scams.

Indian neobank startup Zeta has received unicorn status after a $250m Series C funding round took it to a $1.45bn valuation.

Australian buy now, pay later (BNPL) company Zip will expand into Europe and the Middle with the purchases of BNPL competitors Twisto and Spotii.

Digital banking platform SaveIN has reportedly closed its pre-seed funding round to support its market reach.

Nigeran bank Polaris has boosted its digital presence with the launch of VULTe, its new digital bank.

Leif, which aims to increase the access to quality and affordable education, has netted over $60m in a strategic financing round.

ProducePay, which claims to bring transparency and fairness to the produce market, has closed its Series C round on $43m.

California-headquartered buy now, pay later (BNPL) company Sunbit has achieved unicorn status after a $130m Series D brought its value up to $1.1bn.