Buy Now Pay Later (BNPL)

UAE FinTech startup Comfi secures $5m debt facility to boost B2B payments

UAE FinTech startup Comfi secures $5m debt facility to boost B2B payments

Comfi, a UAE-based FinTech company founded in 2023 by Alisher Akbarov, Amal Abdullaev, and Sanjar Samiev, has recently secured a substantial $5m debt facility from an undisclosed Abu Dhabi-based private family office.
https://www.reuters.com/technology/atome-financial-gets-up-100-mln-debt-facility-evolutionx-expansion-2024-06-25/#:~:text=SINGAPORE%2C%20June%2025%20(Reuters),to%20expand%20in%20Southeast%20Asia.

Atome Financial announces $100m debt facility with EvolutionX for regional growth

Atome Financial, a Singapore-based FinTech firm, announced on Tuesday that it has secured a debt facility of up to $100m.
PPRO and Afterpay team up to launch BNPL solution for US market

PPRO and Afterpay team up to launch BNPL solution for US market

PPRO, the leading local payments platform, has announced its partnership with Buy Now, Pay Later (BNPL) provider Afterpay.
Visa, a global leader in payment technology, unveiled groundbreaking new products and services at the annual Visa Payments Forum in San Francisco.

Visa unveils new products designed for the digital age

Visa, a global leader in payment technology, unveiled groundbreaking new products and services at the annual Visa Payments Forum in San Francisco.
Aplazo raises $70m in Series B funding to enhance BNPL solutions in Mexico

Aplazo raises $70m in Series B funding to enhance BNPL solutions in Mexico

Aplazo, a Mexico-based BNPL (Buy Now, Pay Later) FinTech platform, recently announced the closure of an impressive $70m in equity funding.
Austrian FinTech start-up Monkee secures seven-figure investment

Austrian FinTech start-up Monkee secures seven-figure investment

Austrian FinTech start-up, Monkee, has recently secured a significant seven-figure investment, marking a new milestone in its journey to revolutionise personal finance management.
Hokodo secures €100m to boost B2B digital payment solutions across Europe

Hokodo secures €100m to boost B2B digital payment solutions across Europe

Hokodo, described as Europe's premier digital payment terms provider, has successfully secured a significant debt facility.
NatWest is set to axe its Buy Now Pay Later (BNPL) option less than two years after its initial rollout. 

NatWest to axe BNPL option less than two years after launch

NatWest is set to axe its Buy Now Pay Later (BNPL) option less than two years after its initial rollout. 
ZestMoney, a BNPL startup backed by Goldman Sachs is set to shut down after failing to find a buyer, according to TechCrunch.

Goldman Sachs-backed BNPL firm ZestMoney reportedly set to shut down

ZestMoney, a BNPL startup backed by Goldman Sachs is set to shut down after failing to find a buyer, according to TechCrunch. This development comes...
Black Friday BNPL risk: 16m Brits unaware of debt dangers

Black Friday BNPL risk: 16m Brits unaware of debt dangers

Ahead of the bustling Black Friday sales, a concerning revelation has emerged from Creditspring's recent study. An astonishing 16 million people in the UK are still oblivious to the fact that using 'Buy Now Pay Later' (BNPL) services can lead to significant debt.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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