Buy Now Pay Later (BNPL)

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.
Koverly unveils unique Pay in 30 platform, eyes $70m in new loans

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.

BNPL Splitit to delist after landing $50m investment 

BNPL Splitit has revealed it is planning to delist from the ASX after securing up to $50 million from Motive Partners. 

Klar secures $100m debt facility from Victory Park Capital  

Digital financial services platform Klar has announced that it has secured a $100 million credit facility from Victory Park Capital. 

Klarna continues strong growth in Canada 

Swedish BNPL giant Klarna has revealed that its service is now experiencing rapid growth across Canada. 
Klarna has scrapped its own eponymous banking brand Klarna Kosma after just under 18 months of operation. 

Klarna axes open banking brand Klarna Kosma after 18 months

Klarna has scrapped its own eponymous banking brand Klarna Kosma after just under 18 months of operation. 
16 million UK residents unaware of debt risk with BNPL

16 million UK residents unaware of debt risk with BNPL

Approximately 16 million UK residents remain oblivious to the financial risks associated with 'Buy Now Pay Later' (BNPL) services, says research from responsible lender,...
Klarna's path to profitability: Stellar Q1 results and a new partnership with Airbnb

Klarna’s path to profitability: Stellar Q1 results and a new partnership with Airbnb

Klarna, the AI-enhanced global payments network and shopping service, recently unveiled its first-quarter results, showcasing impressive growth surpassing ecommerce trends.
B2B BNPL FinTech Hokodo extends Series B with support from Citi

B2B BNPL FinTech Hokodo extends Series B with support from Citi

B2B BNPL and digital trade credit solution developer Hokodo has extended its Series B round with an undisclosed investment from Citi.
Why RegTech is a rising need for BNPL providers

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.

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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