Tag: BNPL

BNPL funding cools off in H1 after $6.9bn investment frenzy in...

Funding for Buy Now Pay Later (BNPL) has dropped significantly in 2023 and the sector is on track to report its lowest deal activity...

Klarna continues strong growth in Canada 

Swedish BNPL giant Klarna has revealed that its service is now experiencing rapid growth across Canada. 

Klarna axes open banking brand Klarna Kosma after 18 months

Klarna has scrapped its own eponymous banking brand Klarna Kosma after just under 18 months of operation. 

The digital race – How automation can improve efficiency and customer...

Improving the customer experience has become one of the biggest priorities for financial services. In fact, 63% of firms place customer experience as their number one focus as they try to meet the evolving demands of their customers. Lending is one area of finance where the fight to provide the best customer experience is really heating up. Many have even dubbed it as the next major battlefield.

16 million UK residents unaware of debt risk with BNPL

Approximately 16 million UK residents remain oblivious to the financial risks associated with 'Buy Now Pay Later' (BNPL) services, says research from responsible lender,...

Digital wallet transactions forecasted to reach $16trn by 2028

A groundbreaking study from Juniper Research, a leading authority on emerging payments, anticipates a sharp increase in digital wallet transactions, forecasting that the total...

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.

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