Tag: Buy now pay later
Swedish BNPL giant Klarna faces colossal downround to $15bn valuation
Swedish buy now pay later (BNPL) unicorn Klarna is reportedly facing a hefty downround, which would put its valuation at a third of its previous.
Nigerian buy now pay later service CredPal raises backing from CASF
Nigerian FinTech buy now, pay later service CredPal has received an investment from the Cairo Angels Syndicate Fund (CASF).
B2B BNPL service Mondu surpasses $43m in its Series A
German buy now, pay later platform Mondu has scored $43m in its Series A funding round, which was led by seasoned FinTech investor Valar Ventures.
Klarna could face $30bn down round
European FinTech giant Klarna is reportedly about to suffer a valuation drop of $30bn as it seeks fresh investment.
Ireland brings new legislation for BNPL
Buy now, pay later companies operating in Ireland will now need to be authorised by the Central Bank of Ireland, following an extension to the Consumer Protection Act 2022.
BNPL provider Cashew collects $10m in debt and equity
Buy now, pay later provider Cashew has reportedly raised $10m in a mixture of debt and equity to support its expansion plans.
Nigerian BNPL platform CredPal collects bridge round
CredPal, a Nigerian FinTech company that offers buy now, pay later services, has reportedly collected $15m in a bridge round comprised of equity and debt.
Dutch BNPL solution in3 nabs $11.1m
Dutch buy bow, pay later platform in3 has scored $11.1m in fresh funding from Finch Capital.
Barclays demands BNPL regulation to protect consumers
British bank Barclays has called for more regulation around buy now, pay later products (BNPL) after research revealed a lack of consistent affordability assessments.
Buy Now, Pay Later providers bite back to debt critics
Buy Now, Pay Later (BNPL) services are becoming synonymous with debt. These services have come under fire for misleading consumers and putting vulnerable users at risk. Regulatory crackdown has loomed on the horizon for some time now, but what do BNPL companies have to say for themselves in the meantime?