FinTech Futures: Top five news stories of the week – 15 November 2024
Our pick of the top fintech news stories this week includes Klarna, Ualá, Visa and more.
BNPL
News, intelligence and resources on the global fintech industry including topics such as BNPL.
Klarna picks New York for upcoming IPO
Klarna has not yet disclosed the number of shares or expected price range of the offering.
Modifi raises $15m, inks MoU with Japan’s SMBC to support SMEs with cross-border financing solutions
Modifi and SMBC will seek to assist Asia’s SME exporters in expanding international trade operations.
BNPL lender Sunbit lands $355m debt warehouse facility
This is Sunbit’s second debt warehouse facility in 2024, following its $310 million deal in January.
US BNPL fintech Affirm launches pay-over-time options for UK consumers
Affirm’s UK country manager Ruth Spratt says the UK is “the perfect place for the next phase of Affirm’s journey”.
FinTech Futures: Top five news stories of the week – 18 October 2024
Our pick of the top fintech news stories this week includes TD Bank, Barclays, Klarna and more.
UK government looks to strengthen BNPL protections with launch of latest consultation
The consultation proposes clearer information for BNPL consumers, as well as stronger dispute rights.
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Klarna says it will still own “all consumer-facing activities, including underwriting and servicing”.
What the FinTech? | S.5 Episode 17 | The growth of BNPL and the future of credit reporting
In this episode of the podcast, we’re joined by Liz Pagel, SVP and Consumer Lending Business Leader at TransUnion.
Buy now, pay later loans could provide consumers with a new, easy way to build credit
Once the BNPL data is folded into traditional credit scores it will be the first significant change in credit reporting in decades.
ICYMI fintech funding round-up: Datricks, PastPay, LineLeap, Kompasbank and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
PayPal Ventures leads $15m Series A for Brazilian fintech Ume
The Sao Paulo-based credit platform has also secured a $20 million debt financing facility.
BNPL fintech Tabby buys Saudi digital wallet start-up Tweeq
Following the acquisition, Tweeq will continue to operate as an independent entity.
Indian BNPL firm Axio lands $20m equity investment from Amazon fund
The Bengaluru-based fintech claims to have raised $137 million in equity to date.
FinTech Futures: Top five news stories of the week – 23 August 2024
Our pick of the top fintech news stories this week includes HSBC, Klarna, Mastercard and more.
Klarna to resurrect BNPL fintech Laybuy in New Zealand following acquisition of assets
Laybuy entered into a receivership back in June.
The shifting credit landscape in the digital age
Will the concept of a credit score as we know it become obsolete?
Mondu lands new EMI licence to fuel European expansion
Mondu’s co-CEO says it is the first B2B BNPL firm in Europe to be granted its own EMI licence.
July 2024: Top five new fintech launches of the month
FinTech Futures takes a look back at five of the top new launches in July.
July 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over July.
HSBC-backed UK fintech Divido enters administration
Josh Dwyer and Richard Heis of Interpath Advisory have been appointed as joint administrators.
Germany’s Mitgo Group to inject $20m into its new fintech division Capy
The $20 million “investment package” is to be spread over the “coming 3 years”.
Thailand’s Ascend Money lands $195m investment led by MUFG
Ascend Money became Thailand’s first fintech unicorn back in 2021.
Dutch payments firm MultiSafepay acquired by Ant International
Ant International will integrate the company with its payments and digitisation solutions unit Antom.
June 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories during June.
Klarna sells checkout business to investor consortium
The deal is reportedly valued at around $515 million.
FinTech Futures: Top five news stories of the week – 21 June 2024
Our pick of the top fintech news stories this week includes Sainsbury’s, Viva Wallet, Laybuy and more.
Reserve Bank of Australia set to conduct “holistic review” of retail payments regulation
The review will begin after the Australian government evaluates the Payment Systems Regulation Act 1998.
Zilch lands £100m in securitised debt financing ahead of planned IPO
Zilch is preparing to launch its IPO in the next one to two years.
Fintech start-up ZORRZ selects Clowd9 to process payments for new AI-powered BlueAccess credit card
ZORRZ is preparing to launch a financially inclusive credit card.
Apple to discontinue pay later service in the US
Apple Pay Later first launched in the US 15 months ago.
BNPL firm Laybuy’s search for new buyer results in Deloitte receivership
Gary Rohloff, managing director of Laybuy, describes the appointment of receivers as “gut wrenching”.
Apple partners Santander’s Zinia for BNPL financing services in Germany
Enabling Apple’s customers in Germany to split or defer payments when purchasing goods at physical or online stores.
May 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories during May.
CFPB says BNPL firms must comply with credit card consumer protection rules for billing disputes and refunds
BNPL firms will now be required to investigate disputes, refund returned products and provide billing statements.
Mexican BNPL fintech Aplazo bags $70m in equity financing
Aplazo has now secured over $100 million in equity financing since its formation in 2020.
State of play: the future of credit
Alternative data sources will be key to ensuring the future of credit is affordable, inclusive, and accessible.
FinTech Futures: Top five news stories of the week – 19 April 2024
Our pick of the top fintech news stories this week includes Klarna, Ramp, Zopa and more.
Klarna to launch credit card offering in the US “over the next few months”
The US is set to be Klarna Card’s fourth market of entry, following earlier launches in Sweden, Germany and the UK.
BNPL firm Laybuy reportedly on the lookout for new buyer to potentially go private
The New Zealand-based firm is currently listed on the Catalist stock exchange with a value of around $5.4 million.
