AI-driven tech company Advance Intelligence Group secures $400m
Advance Intelligence Group, a Singapore-based AI-driven technology company, has successfully raised over $400m in its Series D round of financing. The funding round was led...
Hodoko teams with Citi to power payments on renewables marketplace
Hodoko has partnered with global financial services firm Citi to power payments for its first-of-its kind renewable energy marketplace Covento.
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
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.
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.
France-based invoice financing startup Aria nets €50m
France-based Aria, which offers embedded invoice financing, has reportedly collected €50m in a debt fundraising round from M&G Investments.
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.
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.
BNPL giant Klarna makes it big in the US
After a troubled start, BNPL giant Klarna has experienced strong momentum in the US market, with a 71% year-over-year growth in GMV and improved credit loss rates by 37%.
Complaints against BNPL firms surges by 36%
Complaints to the Financial Ombudsman Service against buy now pay later (BNPL) firms have risen by 36% in the past three years, according to analysis from Creditspring.