Klarna CEO under fire from money.co.uk for calling credit card model ‘unsustainable’
Financial comparison site money.co.uk slammed buy now, pay later firm Klarna founder for claims that it offers a fairer and more equitable platform for consumer spending than credit cards.
Financially vulnerable more likely to use BNPL, research reveals
According to research from the Financial Health Network, one in four users of Buy Now, Pay Later (BNPL) services is financially vulnerable, and struggle to make payments.
Yoyo bags $30m in funding, alongside Global ID partnership
Yoyo, a platform to help create branded app and loyalty schemes, has secured $30m in its latest funding round.
Zaapi secures seed funding for Asian MSMEs
Zaapi, a mobile app that enables small businesses to launch an e-commerce presence, has raised $4m in seed funding.
Akulaku said to raise latest funding round
E-commerce platform Akulaku has reportedly raised a funding round between $5m and $10m, which was completed earlier this year.
PayPal stocks fell yesterday despite its quarterly earnings beating expectations
Payment processing giant PayPal's share price went down in after hours trading even though the company beat expectations in its quarterly earnings report.
Payaut said to raise €2.6m in its latest equity investment
Netherlands-based automated payments company Payaut has reportedly closed yet another funding round this year, bagging €2.6m in seed capital.
Amazon to offer BNPL services to its US market through Affirm alliance
Global retail giant Amazon has partnered with buy now, pay later (BNPL) company Affirm to provide its US customers with a BNPL option at the checkout.
Why refunds are crucial to e-commerce success
Nearly a third of UK consumers (30%) are spending less online because refunds take too long and they’re worried about their bank balance, a report from Tink claims.
Cybersecurity, InsurTech and neobank ventures led the 29 FinTech rounds raised last week
Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.
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