Tag: Buy now pay later

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 will reportedly start charging customers for any late payments in the UK, in hopes to curb loan defaults.

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 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.

UK-headquartered buy now pay later (BNPL) FinTech Zilch has partnered with UK debt charity StepChange to help those during the cost-of-living crisis.

equipifi, which provides banks and credit unions with buy now, pay later (BNPL) technology, has won the Audience Choice Award at the FIS Fintech Accelerator Program's Virtual Demo Day.

San Francisco-based PayZen, which offers buy now, pay later services to the healthcare industry, has reportedly raised $20m in equity.

Buy now, pay later (BNPL) platform Sezzle has entered a $100m credit facility agreement with affiliates of Bastion Management II.

BNPL platform SeQura has received €150m in senior financing through an asset-backed agreement with Citi.

Philippines-based BillEase, which offers buy now, pay later (BNPL) services, has reportedly raised $20m in a debt facility from Singapore’s Helicap Securities.