Walmart Canada introduces Klarna’s BNPL solution
Walmart Canada has partnered with Klarna to provide its customers with a convenient Buy Now, Pay Later (BNPL) option when shopping.
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.
Koverly unveils unique “Pay in 30” platform, eyes $70m in new loans
Koverly, a global B2B payments solution providing payment flexibility alongside reduced foreign exchange rates, has introduced KoverlyPay, a novel buy now, pay later (BNPL) service.
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.
Tamara raises $250m in additional debt financing to bolster its FinTech operations
Tamara, Saudi Arabia-based company, secured an additional up to $250m in debt financing, elevating its total warehouse facility to a staggering $400m.
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.
Klarna become first bank to deploy ChatGPT Enterprise
Klarna has revealed that it is the first bank to adopt Open AI's Chat GPT Enterprise platform, as it continues to lead the race for AI implementation into online banking.
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.
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.
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.