Tag: Buy now pay later

The CEO of payment instalment startup Splitit has warned other buy now, pay later companies against trying to take advantage of vulnerable customers during the COVID-19 crisis.

London-based FinTech Zilch has raised $10m to fund the rollout of its buy now, pay later platform, aiming to compete with companies like Klarna and Afterpay.

Buy now pay later company Marketlend has secured more than $140m via a series of credit facilities from a consortium of investors, including banks, credit funds and other institutional investors.

Two-thirds (67%) of UK millennials are using point-of-sale credit finance services, as appetite for the payment method increases across all age-ranges.