Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Apexx Global offers merchants a pick'n'mix suite of BNPL products

Global payment platform Apexx is to offer merchants a choice of multiple buy now, pay later options from disparate players via a new Agreggatior product.

03 March 2021

News/payments

Affirm unveils BNPL debit card

Max Levchin's BNPL outfit Affirm is launching a debit card that lets users pay for purchases over time.

26 February 2021

News/payments

BNPL expected to double market share in UK e-commerce within the next four years

Buy now, pay later schemes are expected to account for 10 percent of all UK e-commerce sales by 2024, according to data compiled by Worldpay.

24 February 2021

News/payments

Basiq brings Open Banking to bear on consumer BNPL debt

Basiq, a NAB, Westpac, Salesforce and Plaid-backed open banking platform, is introdocuing a new feature for lenders to aggregate outstanding consumer loans, including buy now, pay later debt, to get more visibility into customer liabilities.

24 February 2021

News/payments

FCA to regulate BNPL sector as Brits struggle to pay back Christmas spending

The UK's Financial Conduct Authority is to introduce new rules for buy now, pay later firms amid mounting fears of a growing debt burden for cash-strapped shoppers.

02 February 2021

News/startups

BNPL player Scalapay raises $48m

Scalapay, a third-party payments outfit that lets customers buy, now, pay later, has raised $48 million in a seed funding round led by Fasanara Capital.

29 January 2021

News/startups

French BNPL player Alma raises EUR49m

French buy now, pay later outfit Alma has raised €49 million in a Series B funding round joined by Cathay Innovation and Idinvest.

25 January 2021

News/payments

Australia's Zip invests in Czech BNPL player Twisto

Czech buy now, pay later app Twisto has raised €16 million in a funding round led by Australian BNPL player Zip and Elevator ventures.

21 January 2021

News/payments

UK Government votes down bill to regulate BNPL firms

The UK Government has voted down a bill supported by 70 MPs to regulate buy now, pay later firms like Klarna, Laybuy and Clearpay.

15 January 2021

News/payments

Buy now, regret later? Brits face £2.3bn bill for Christmas shopping

A quarter of Brits used buy now, pay later services to fund Christmas shopping, setting up a £2.3 billion bill, according to Credit Karma.

08 January 2021

News/payments

Affirm aims for $9 billion valuation on IPO

Affirm, Max Levchin's buy now, pay later credit card alternative, expects to achieve a valuation of just over $9 billion from its forthcoming IPO on Nasdaq.

06 January 2021