Buy Now Pay Later (BNPL)

Colombian FinTech Addi secures $100m credit facility from Victory Park Capital

Colombian FinTech Addi secures $100m credit facility from Victory Park Capital

Colombian FinTech company Addi, a leader in payment solutions for consumers and merchants, has secured a $100m credit facility from Victory Park Capital (VPC), a global alternative investment firm specialising in private credit.
BNPL giant Klarna has announced that Google Pay users in the U.S. will have access to the firm's interest-free payment solutions at checkout, as part of a new partnership.

Klarna partners with Google Pay to offer flexible payment options in the U.S.

BNPL giant Klarna has announced that Google Pay users in the U.S. will have access to the firm's interest-free payment solutions at checkout, as...
Renovus Capital Partners, a private equity firm based in the Philadelphia area, is excited to announce its majority investment in Performive, a leading provider of managed IT services for mid-market enterprises. The investment will enable Performive to accelerate its growth across product innovation, customer experience enhancement, partner enablement, and other strategic initiatives. Founded in 2005, Performive is a managed services provider focused on cloud services, infrastructure services, and cybersecurity. The Company prides itself on offering mission critical services to its thousands of customers, helping them scale, secure their environments, and optimize their operations, and is well-recognized in the industry for its technical expertise and exceptional service. The strategic investment from Renovus will enable Performive to continue to build out its solution offerings, grow its best-in-class team, and pursue acquisitions that align with its commitment to delivering high value, customer-focused services. "We're incredibly proud of the foundation we've built at Performive and excited for what's ahead," said Gary Simat, Co-Founder and CEO of Performive. "This partnership with Renovus is a pivotal moment that will fuel our continued innovation and allow us to enhance the customer experience and drive greater value for our clients. With this investment, we're ready to accelerate our goal of becoming a leading MSP serving mid-market enterprises across the U.S." "We built a thesis on investing in differentiated MSPs with highly recurring revenue, critical service offerings, and a relentless focus on customers, and Performive fits this profile perfectly," said Jason Tanker, Managing Director at Renovus. "We see tremendous growth potential in Performive's platform and are excited to partner with the team to accelerate the company's expansion, both organically and inorganically." Performive is Renovus' first platform out of Renovus IV, which launched in October 2024 with $875 million of total commitments. Layer 7 Capital served as exclusive financial advisor and McDermott Will & Emery served as legal counsel for Performive. DLA Piper served as legal counsel for Renovus. About Performive Founded in 2005, Performive is a leading managed IT services provider, specializing in managed IT infrastructure, cloud solutions, and cybersecurity for mid-market enterprises. With deep technical expertise and a relentless focus on customer success, Performive empowers businesses to optimize their IT operations and achieve sustainable growth.

MODIFI captures $15m investment to expand SME exports in Asia

MODIFI, a leader in B2B Buy Now, Pay Later (BNPL) solutions, recently announced a substantial $15m investment.
Sunbit partners with J.P. Morgan for a $355m debt facility

Sunbit partners with J.P. Morgan for a $355m debt facility

Sunbit, a prominent player in the FinTech sector, has successfully closed a $355m debt warehouse facility.
Trustly, a global leader in open banking payments, has announced the appointment of Henrik Wallström as its new chief technology officer (CTO) for European operations.

Trustly appoints Henrik Wallström as CTO to drive European expansion

Trustly, a global leader in open banking payments, has announced the appointment of Henrik Wallström as its new chief technology officer (CTO) for European...
Marqeta unveils innovative 'Buy Now, Pay Later' solution with Marqeta Flex

Marqeta unveils innovative ‘Buy Now, Pay Later’ solution with Marqeta Flex

Marqeta, a leader in modern card issuing and embedded finance solutions, has launched its latest innovation, Marqeta Flex.
Klarna has signed a strategic agreement with Elliott Advisors to fund £30bn of UK transactions through the sale of its short-term, interest-free product receivables.

Klarna signs strategic agreement with Elliott Advisors to fund £30bn of UK transactions

Klarna has signed a strategic agreement with Elliott Advisors to fund £30bn of UK transactions through the sale of its short-term, interest-free product receivables. The...
Klarna’s buy now pay later lands on Adyen’s payment terminals globally

Klarna’s buy now pay later lands on Adyen’s payment terminals globally

Klarna, the AI-powered global payments network and shopping assistant, has partnered with Adyen to launch flexible payment methods on physical payment terminals across Europe,...
Klarna and UATP forge strategic alliance to revolutionize payment options in the $1trn air travel sector

Klarna and UATP forge strategic alliance to revolutionize payment options in the $1trn air...

UATP, renowned for its robust global payment network that facilitates streamlined payment processes, has entered into a strategic alliance with Klarna, a leader in AI-driven global payments.
Liberis and Sezzle collaborate to boost funding for small businesses in the US

Liberis and Sezzle collaborate to boost funding for small businesses in the US

Liberis, a global leader in embedded finance, has partnered with Sezzle, a prominent Buy Now, Pay Later (BNPL) platform, to promote Sezzle Capital.
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