BNPL giant Klarna to launch late fees in UK
BNPL giant Klarna will reportedly start charging customers for any late payments in the UK, in hopes to curb loan defaults.
equipifi wins Audience Choice at FIS Fintech Accelerator’s demo day
equipifi, which provides banks and credit unions with buy now, pay later (BNPL) technology, has won the Audience Choice Award at the FIS Fintech Accelerator Program's Virtual Demo Day.
Klarna reports $1bn annual loss
Klarna has reportedly suffered its biggest annual loss totalling $1bn, but its company is certain it is on track to return to profitability.
Allianz Trade, Two and Santander team up for BNPL solution
Allianz Trade, Two, a business-to-business (B2B) e-commerce payments platform, and Santander CIB, have partnered to provide the first global B2B Buy Now Pay Later (BNPL) solution for large multinational corporates.
Saudi Arabia’s Tamara raises up to $150m from Goldman Sachs
Tamara, a shopping and payments platform in Saudi Arabia and the GCC region, has secured $150m in a receivables warehouse facility from Goldman Sachs.
Singaporean B2B BNPL provider actyv.ai nets $12m
Singapore-based B2B BNPL and insurance player actyv.ai has collected $12m in its pre-Series A funding round, as it explores global expansion efforts.
Southeast Asian buy now pay later firm Kredivo nabs $270m
Kredivo, a buy now pay later service for consumers in Indonesia and Vietnam, has reportedly raised $270m in an oversubscribed Series D funding round.
B2B payments startup Mondu extends Series A
B2B payments company Mondu has extended its Series A funding round by $13m, as it looks to bolster its market growth.
Why RegTech is a rising need for BNPL providers
Last month, the UK government released a draft legislation that will crack down on buy now, pay later firms, which had previously enjoyed little regulatory hurdles. However, times are changing.
MENA BNPL services provider Tabby closes Series C on $58m
Tabby, a BNPL services company based in the MENA region, has closed its Series C round on $58m, which brings its valuation to $660m.
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