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Klarna’s quarterly losses halve as it gets ‘firmly on track’ for profitability

26th May 2023

CEO Sebastian Siemiatkowski said the fintech is 'on track' to achieve monthly profitability in the second half of this year....

Klarna partners with Airbnb to offer flexible payment options

23rd May 2023

Guests in the US and Canada can now pay for their stays in four parts. ...

Klarna launches credit ‘opt out’ option, calls for industry to follow

24th May 2023

CEO Sebastian Siemiatkowski has called on all credit providers to introduce similar opt out tools following a meeting with Economic Secretary....

Is politics monopolising fintech?

23rd May 2023

London's fintech and startup scene emerged as a global leader, thanks to a combination of factors fuelling innovation, growth, and investment. But scale and maturity are bringing a new stage of scrutiny too, writes AltFi’s Daniel Lanyon....

Klarna’s head of UK Alex Marsh steps down

22nd May 2023

“Klarna will no doubt continue to trailblaze in the world of payments, shopping and banking.”...

Klarna positions itself as more than BNPL with suite of AI-powered tools

25th April 2023

AI-powered tools and creator-focused features took centre stage at Klarna’s product update....

Apple finally launches Pay Later in the US

29th March 2023

The tech giant is continuing its push into financial services with its BNPL product....

A new BNPL product has dropped from German fintech Unzer: ‘upaylater’

24th March 2023

The white-label BNPL product will be available to Unzer’s merchants....

Is ‘buy now, pay later’ entering a new, less controversial, era?

27th February 2023

In the near future Klarna, Zilch and other ‘buy now, pay later’ providers will have to abide by new rules set out by the UK government as new competitors also enter the BNPL space. The results will be interesting. ...

Infamous fintech Lanistar readies to re-launch in the UK

19th April 2023

Lanistar is hoping to try its luck in the UK a second time this spring with a hoard of influencers and a new banking partner....

Buy Now, Pay Later Forum: Meet The Speakers

27th February 2023

A preview of the Buy Now, Pay Later Forum 2023 speaker line-up. ...

Embedded Lending: A $2.1 trillion gold mine or a risky gamble?

30th March 2023

Lending has huge potential to transition into an embedded future, but only if providers truly understand the advantages that embedded lending could offer....

Klarna creates plugin with ChatGPT to make shopping more smoooth

24th March 2023

CEO Sebastian Siemiatkowski said the collaboration passes his ‘north star mom test’: it's something she'll both understand and benefit from....

Finverity raises $5m equity funding as revenues surge

30th March 2023

Finverity offers both a funding platform that brings together companies needing working capital and investors looking to deploy lending capital, as well as a B2B software offering for banks. ...

New AltFi Research report: Embedded Finance - The New Frontier Of Lending

28th March 2023

Download our latest AltFi Research report today on how embedded finance is taking off....

‘Buy now, pay later' firms see 36% jump in complaints

20th February 2023

The rise in complaints comes at a time of a proposal for new regulation of the BNPL sector as the market continues to grow in popularity....

B2B BNPL: Mondu launches in the UK

22nd March 2023

Just 18 months on from its launch, Berlin-based Mondu is seeing strong growth as it expands to cover four of Europe’s largest lending markets....

SAP Fioneer launches embedded finance platform

23rd March 2023

The new “Fioneer Embedded Finance as a Service” will facilitate orchestration between SAP users and financial services institutions....

Apexx Global raises $25m Series B

14th March 2023

The startup providing alternative payment options is doubling down on its US expansion....

Buy now, pay later regulation: UK government reveals new rules

13th February 2023

Buy now, pay later credit products are set to be regulated by the FCA and consumers will have the new right to take complaints to the Financial Ombudsman Service. ...

Zilch partners with Yapily to harness open banking technology for BNPL

10th March 2023

The BNPL aims to maximise the consumer benefits of open banking to help those struggling with the cost of living crisis....

Zopa acquires BNPL DivideBuy

16th February 2023

The digital bank has made its first acquisition as it takes a step towards “BNPL 2.0”....

BNPL Zilch to “fully integrate” support from debt charity StepChange

7th February 2023

The partnership will see Zilch making a financial contribution for StepChange’s work....

Buy now, pay later provider Divido defies sector downturn with 50% growth in 2022

12th January 2023

The white-label platform signed up several major new clients last year....

Klarna launches spending year-in-review feature ‘Money Story’

25th January 2023

The Swedish BNPL is gamifying money management with the aim of making it more approachable for its millions of customers....

Fintech and crypto regulation to look out for in 2023

31st January 2023

The UK's approach to fintech and crypto regulation has been to strike a balance between supporting innovation and ensuring a secure financial system. But a seemingly never-ending series of fronts have opened up. What comes next?...

Frasers Group launches new BNPL product with Tymit

31st January 2023

“Frasers Plus” will have two products: BNPL and in-app loans for retail customers....

BNPL Mondu adds $13m to last year’s Series A

12th January 2023

The new round brings the Berlin-based startup’s total funds raised to $90m in 15 months. ...

All the fintechs that turned profitable in 2022

19th January 2023

Here’s a round-up of all the fintechs that hit profitability last year....

Exclusive: Australian BNPL Humm “retreating from England” as market worsens

4th January 2023

Following the departure of Zip and Openpay, Humm is the latest Australian buy now, pay later provider to pull back on expansion plans....

Mollie promotes CTO Koen Köppen to CEO

25th January 2023

Köppen joined Mollie last May after five years at BNPL giant Klarna....

Zilch could now impact your credit score, as lending data is shared with bureaus

17th January 2023

Some 3 million customers could soon see their credit scores impacted, both positively and negatively....

The US is now Klarna’s biggest market

16th January 2023

The US has overtaken Germany as the BNPL’s largest market. ...

Trouble at Railsr: New layoffs, insiders allege funding issues and sale to Nigerian fintech

10th January 2023

The fintech formerly known as Railsbank faced a major shift in strategy in 2022 from aiming for a 'unicorn' valuation higher than £1bn and breakneck growth to a sale amid tightening market conditions. ...

The good, the bad and the ugly: the UK’s fintech policy performance review

30th December 2022

It’s been an interesting year in fintech policymaking. Coadec’s Charlie Mercer takes us through it....

Here are Europe’s biggest fintech funding rounds of 2022

30th December 2022

Despite one of the worst years for companies on a macroeconomic level and huge valuation drops for a number of big names, Checkout.com, Klarna, SumUp and Scalapay all had massive funding rounds in 2022....

Fintech’s biggest hires and departures of 2022

3rd January 2023

Here’s a round up of some of this year’s biggest entries and exits....

Klarna taps Clarity AI tech to showcase sustainability data on tech brands

19th December 2022

Shoppers using Klarna’s app will now see eco-badges attached to the electronics products they buy....

Exclusive: Iwoca sees B2B buy now, pay later growth near 250% for 2022

3rd November 2022

iwocaPay is seeing increasing usage, by increasing numbers of SMEs....

Exclusive: NatWest-backed fintech Updraft closes £108m debt and equity Series A

16th December 2022

CEO Aseem Munshi says Updraft is already preparing to open its Series B shortly....

Younited hits €1.1bn valuation as €60m raised from backers including Goldman Sachs

13th December 2022

The French embedded lender reached €1.6bn in GMV and €190m in revenue this year....

Exclusive: Cashplus Bank’s next-gen business credit card adds ‘cardless’ payment and BNPL options

1st December 2022

For SMEs who struggle to pay suppliers with a credit card, Cashplus is adding a sort code and account number....

FCA threatens BNPL bosses with jail time and fines as Laybuy nears profitability

9th November 2022

In a letter seen by AltFi, the City's financial watchdog cracked down on requirements for BNPLs to ensure “financial promotions” meet its regulations....

Curve and Credit Suisse ink $1bn deal to expand BNPL products

7th December 2022

Curve has been moving into the consumer lending market over the past few years since the launch of its BNPL-like product. Now it has the financial firepower to scale it. ...

Klarna CEO accuses media outlets of "hypocrisy" over treatment of BNPL

15th November 2022

Sebastian Siemiatkowski, CEO and co-founder of the Swedish fintech, believes Klarna is getting unfair media coverage by media outlets compared to credit card firms....

Klarna CEO expects to reach monthly profit in late 2023

1st December 2022

Meanwhile, despite job cuts, the BNPL continued to see rising YoY losses in Q3....

Zilch poised to axe 10 per cent of workforce

28th November 2022

Zilch is the latest fintech to be hit by job cuts, which have also affected Klarna this year, amid a troubled economic environment....

Klarna takes on Google and Amazon with price comparison tool

14th November 2022

The launch of the price comparison tool comes as the Swedish fintech looks to diversify its revenue streams from its core buy now, pay later offering and offer customers a suite of financial products....

Klarna Kosma offers free three-month open banking fintech ‘sandbox’

18th November 2022

Moving to lower open banking’s barriers to entry for select startups....

Zilch hits 3m users in 24 months

3rd November 2022

The BNPL has increased its user base by half in the last six months to hit three million customers and turn a gross profit....

Apple to launch high-yield savings account with Goldman Sachs

14th October 2022

Apple is continuing to blur the lines between tech and fintech with its latest financial offering....

Credit cards are a rip off: BNPL is a healthier alternative (even for groceries and food)

18th October 2022

People have been stung by credit cards' interest and fees when buying groceries and takeaways for decades, writes Klarna's Alex Marsh....

Insurtech Cover Genius raises $70m Series D

1st November 2022

Cover Genius will use the new funding to expand its global distribution platform XCover....

Tymit raises £23m from Sports Direct founder Mike Ashley’s Frasers Group for BNPL pivot

26th October 2022

Tymit’s Series A funding round comes in the form of a strategic investment from the Frasers Group and shows the budding interest in fintech from non-financial companies....

MarketFinance expands B2B BNPL with £30m credit facility

12th October 2022

The new cash adds to the £45m of pay later money available to more 2,000 buyers on 45-90 day terms....

Revolut launches Pay Later in Ireland

21st September 2022

More than 1,000 customers in Ireland have used Revolut's BNPL product since its' smaller launch in June....

Is Square’s Canadian push enough to save the stock? 

7th October 2022

Square (aka Block) is expanding its footprint into the Canadian buy now, pay later market through Afterpay. But is it enough to lift the languishing stock out of the doldrums?...

BNPL Mondu scores €20m in debt financing from VVRB

14th October 2022

The Berlin-based B2B ‘buy now, pay later’ will expand to the Netherlands this month....

Klarna CEO calls out Martin Lewis for slamming Deliveroo BNPL options

14th October 2022

Sebastian Siemiatkowski took to Twitter to shut down the Money Saving Expert’s criticism of BNPL....

Bunq introduces real time budgeting to help users tackle cost-of-living crisis

12th October 2022

CEO Ali Niknam spoke to AltFi about how the latest version of the app will help users budget more effectively, immediately and in real time....

What Elon Musk’s X.com + Twitter “super app” ambition means for fintech and crypto

7th October 2022

One "super app" to rule them all? First, we unbundled but will we ever re-bundle? ...

Younited hits an annual revenue run-rate of €200m in H1 2022

28th September 2022

High-value consumer credit for partners like Apple and Microsoft is lifting the French lender to new heights....

After losses mounted in 2021, WorldRemit’s parent company Zepz claims to have reached profitability

27th September 2022

New CFO Robert Mitchell arrives with good news as the company works to recover from a recent management exodus....

Square enters the BNPL space in UK with Clearpay

23rd August 2022

After launching in the US and Australia, Square is bringing BNPL to the UK across all platforms....

Klarna cuts jobs a second time after CEO said layoffs were done

23rd September 2022

After letting go of around 700 employees earlier this year, the BNPL is going through yet another round of job cuts....

Virgin Money wants a ‘Slyce’ of the buy now, pay later boom

27th July 2022

The high street challenger bank is coming for Klarna....

B2B BNPL Mondu adds to C-suite

5th September 2022

Mondu has bolstered its leadership team with the appointment of a new chief commercial officer and chief people officer. ...

Losses at Klarna tripled in the first half of 2022

1st September 2022

Despite sizeable improvements on many important metrics, the buy now, pay later leader managed to rack up significant losses in the first half of 2022....

Portfolio of fintech investor Chrysalis Investments nosedives 22 per cent in quarter

23rd August 2022

Despite the fall in value of its portfolio, Chrysalis gave an upbeat assessment and noted that equity markets had "rebounded very strongly" after the second quarter....

Industry urges UK government to "move quicker" as proposals to tighten buy now, pay later rules outlined

20th June 2022

The Treasury said its new proposals will protect “millions of people” amid a steep rise in the popularity of buy, now, pay later as an alternative form of credit, but some buy now, pay later firms and industry observers say the government must act quicker....

FCA warns BNPL firms against “misleading” adverts

19th August 2022

Some BNPL providers may be “taking advantage of behavioural biases “ hindering effective consumer decision-making and encouraging impulse buying, according to the Financial Conduct Authority....

Lending Summit 2022: 5 reasons to join

23rd August 2022

Why you don’t want to miss out on this year’s Lending Summit. ...

BNPL users expected to hit 900m by 2027

8th August 2022

Research shows India has the most potential for rapid growth in the space....

Has the BNPL war been won by Mastercard?

8th August 2022

A deal with Apple to power its BNPL strategy is helping position Mastercard for future success, writes Bloom's James Hickson....

BNPL a “lifeline” for 58% of consumers battling cost of living crisis

29th July 2022

Almost two thirds of Brits expect the cost of their bills to rise over the summer....

B2B BNPL: ‘Buy now, pay later’ for businesses is the next fintech boom

30th June 2022

Fintechs offering short term finance for companies has been a standout category for venture capital investors in recent months while larger lenders are also hatching grand plans. ...

Atom Bank appoints new chief risk officer

28th July 2022

The Midlands-based executive brings over 15 years of compliance and risk management experience to the challenger bank....

What does Boris Johnson’s resignation mean for fintech?

8th July 2022

In a word: Delays....

Revolut joins the BNPL wave

24th June 2022

The financial super app will bring its ‘responsible’ Pay Later to Europe, starting off in Ireland this week....

Apple launching Apple Pay Later to take on Klarna and Affirm in the US

7th June 2022

The iPhone maker's expansion into financial services continues....

Payl8r calls for open banking to be legally required for credit assessing

1st July 2022

The BNPL says fintechs have a duty to ‘do things differently’. ...

Revolut teams up with Stripe to support payments in Europe

6th July 2022

The collaboration will start in Europe and the UK before expanding to other markets....

Klarna confirms $800m funding, but bemoans "steepest drop in global stock markets in over fifty years"

11th July 2022

The Swedish fintech's $800m funding round gives Klarna a post-money valuation of around $6.7bn....

Klarna valuation slashed again to $6.5bn, report suggests

4th July 2022

The ‘buy now, pay later’ giant was valued at $45.6bn in 2021....

Zilch maintains a $2bn valuation as it tops up Series C by $50m

30th June 2022

Seemingly avoiding the down-rounds and job cuts facing its larger rivals....

Berlin-based B2B buy now, pay later Mondu raises $43m for expansion to Austria and beyond

30th May 2022

Taking the total raised by Mondu since its founding in August 2021 to $57m....

B2B BNPL Hokodo secures $40m for European expansion

23rd June 2022

The European fintech is aiming to reach one million businesses by 2025....

BNPL Clearpay expands in store payments to SMBs 

30th May 2022

Six months after launching in store payments in November, Clearpay is widening its offerings to more businesses....

Report: 40% of BNPL users borrowing money to pay debts

9th June 2022

Alongside Zopa and Apple launching new BNPL products this week comes renewed calls for regulation....

Yonder joins competitors Revolut and Monzo in the travel insurance space

5th July 2022

The challenger credit card is looking to rival the likes of Revolut, Monzo, Curve and Amex. ...

Zopa enters the BNPL game

8th June 2022

The bank says it is “ushering in the era of BNPL 2.0” with its new service....

Sebastian Siemiatkowski: Klarna will be a ‘force for good’ in the cost of living crisis

15th June 2022

The CEO also said if he’d wanted to IPO, he would have done it a decade ago....

New report suggests Klarna heading for a 67% valuation hit

17th June 2022

Falling further from the buy now, pay later lender’s last raise at a $45.6bn price tag....

Buy now, pay later 'validated by arrival of high-street banks'

29th April 2022

Zilch—and other buy now, pay later providers—have been working with the regulator ahead of regulation, which is being broadly welcomed across the sector....

“Fintech is dead”: An interview with Railsr’s CEO Nigel Verdon

27th June 2022

More than a decade into the digital disruption to financial services and banking, what actually does financial technology - better known as ‘fintech’ - mean? One CEO says its definition is quickly changing....

‘BNPL is no competition for credit cards’: An interview with Zopa CEO Jaidev Janardana

15th June 2022

The boss of the UK’s original fintech company sits down with AltFi to talk over its new ‘buy now, pay later’ proposition and how his goal of increasing revenue 10x is going....

Klarna finally launches loyalty card feature

22nd June 2022

The buy now, pay later firm has launched its new loyalty card feature, with cuts to its valuation looming....

Curve and TrueLayer partner to offer flexible recurring payments

8th June 2022

Financial app Curve is bringing automatic variable recurring payments to customers with the help of TrueLayer....

New B2B ‘buy now, pay later’ emerges from stealth

23rd May 2022

Tranch's new funding round is led by Flash Ventures and Global Founders Capital....

Laybuy hires London-based chief risk officer from HSBC

25th May 2022

Jamie Byles will be responsible for the BNPL’s risk management strategy going forward....

Canada’s Wealthsimple becomes the latest fintech to cut staff

20th June 2022

The digital wealth manager cuts 12.6% of its workforce, joining Klarna, Curve and Freetrade in recent staff layoffs....

NatWest eyes digital wealth acquisitions amid sector slowdown

13th June 2022

CEO Alison Rose said the bank was looking at purchases in the wealth sector, which amid a downturn in the sector could make purchases more appealing....

Buy now, pay later "hottest trend" in lending, says TransUnion exec, who underscores importance of trust

27th April 2022

Shail Deep, TransUnion’s chief product officer, talked about the importance of trust in driving post-pandemic growth and also looking at changing consumer habits....

Klarna’s long-serving CTO Koen Köppen joins Mollie

1st June 2022

After over a decade at the BNPL giant, Köppen is moving on to payments....

Adyen to offer merchants BNPL via Afterpay partnership

10th May 2022

According to Afterpay, 24% of consumers globally have now used buy now, pay later....

Klarna has won over 10% of Irish shoppers

30th May 2022

Some 500,000 customers in its first seven months in the market....

Zopa reportedly delaying its 2022 IPO

13th June 2022

CEO Jaidev Janardana said the company is waiting for the “right moment” to go ahead with IPO....

New B2B BNPL Tranch picks Yobota to provide core banking infrastructure

31st May 2022

A big win for both fintechs....

Crypto, Web3, buy now, pay later and data intelligence-focused fintechs win AltFi 2022

3rd May 2022

Edward Maslaveckas CEO, Bud and Julia McColl, chief product officer, Chetwood Financial discuss where they would invest VC funds of £10m. ...

Dubai fintech Codebase spots "gap in market" with white label buy now, pay later proposition

4th April 2022

Codebase Technologies says its “industry-first” buy now, pay later offering is “ready-made” and can be “fully customised” for banks, fintechs, lenders and retailers to launch in “just a few months”....

Dutch BNPL in3 partners with Mollie, lands $85.3m in Series B

18th May 2022

Mollie’s millions of consumers will now have access to ‘socially responsible’ BNPL services with in3....

Responding to challenge and change: An interview with TransUnion’s chief product officer Shail Deep

16th May 2022

Shail Deep, chief product officer at TransUnion in the UK, talks to AltFi about increased digitisation of finance, buy now, pay later (BNPL) and the cost of living crisis....

Zip picks ex-EasyJet commercial director as new UK country manager

12th May 2022

Ruth Spratt becomes one of the most senior women in the BNPL sector....

“We want to make a billion people more active”: Sweatcoin and the rise of move-to-earn

26th May 2022

AltFi explores the concept of move-to-earn with Sweatcoin, and why crypto had always been in the company’s sights. ...

Norway’s B2B BNPL Two embraces open banking with Yapily tie-up

24th May 2022

Upgrade will see businesses instantly approved to buy now, pay later....

NatWest to enter buy now, pay later sector, pledging to make it "better" and "safer"

22nd March 2022

The high-street bank will launch its buy now, pay later venture in the summer, saying it's set to be the first high-street bank to move into the alternative credit sector....

Klarna hits 150 million users

20th May 2022

Less than 10 years after hitting 10 million users, the Swedish BNPL giant has grown by 15x....

Buy now, pay never: why BNPLs should pay attention to fraud protection 

1st March 2022

Buy now, pay later is here to stay and securing the bottom line and protecting your revenues from fraudsters is the task every BNPL platform must solve on its own....

Italy’s postal service makes BNPL play with $27m stake in Klarna rival Scalapay

3rd May 2022

Scalapay was founded and launched in 2019 to concentrate on BNPL’s growth in the fashion sector and has seen rapid growth since. ...

Freetrade opts for debt raise with £30m loan

23rd May 2022

After a successful crowd fund in November, the fintech was valued at £650m....

Revolut CEO Nik Storonsky: “We’ve made almost every mistake possible and we’ve learned from them”

19th May 2022

The CEO of the $33bn fintech said it is now much closer to an IPO and that it no longer needs to fund raise....

Klarna embraces hybrid working giving staff the option to stay remote

12th May 2022

Staff can come to the office, work remote, or even work abroad for up to 20 days a year....

Digital debt collection agency InDebted arrives in the UK aiming to improve sector image

18th May 2022

Meet the debt collection agency with over 1800 five star reviews and named the best place to work in Australia....

Zilch launches US expansion with plans to win 125 million customers

17th May 2022

For now the company has 150,000 pre-registered customers but its founder Philip Belamant and US CEO Albert Periu have big plans for growth....

Klarna to take c.30% valuation hit, according to reports

20th May 2022

The ‘buy-now-pay-later’ giant last raised cash almost exactly 12 months ago when market sentiment was pointedly different to today’s volatile conditions....

Klarna brings the in-store shopping experience home

13th May 2022

Whether you need a second opinion on tech or trainers, foundation or furniture, Klarna’s new virtual shopping tool might have you covered....

Klarna purchases will soon affect your credit score

4th May 2022

Klarna will report the use of BNPL products and missed payments with UK credit reference agencies in a bid to help build credit scores and stop consumers from building up multiple lines of credit....

Paysend launches two new products to help users build credit scores

6th April 2022

Paysend says it is improving its customers’ financial health with two new products: Credit Builder and Pay Later. ...

Santander reveals its fintech payments arm PagoNxt doubled in size last year

26th April 2022

The division, which includes Ebury, generated €162m in revenue during Q1 alone....

What to expect from the next stage of 'Buy Now, Pay Later

1st April 2022

BNPL is set for consolidation with over 170 startups vying for dominance across segments, writes APEXX Global's Rodney Bain....

Tencent buys stake in UK fintech Previse

22nd April 2022

Previse has become the latest UK start-up to get investment from Chinese tech giant Tencent....

VC investment into European fintech set to enjoy stellar 2022

25th April 2022

The data from PitchBook shows that VC investment in the UK and Ireland continues to enjoy a purple patch, outpacing other European countries this year and that VC investment into European fintechs has enjoyed a strong start to 2022....

Payment processing challenges for merchants in 2022

25th March 2022

MaxPay's Alexandr Mikhailenko unpacks some of the dominant themes for payment processing including rising fraud and BNPL. ...

Klarna Card "makes sense" amid feverish competition in buy now, pay later sector

16th February 2022

Experts say the arrival of big financial players into the buy now, pay later sector could further shine a light on regulatory standards....

FCA starts to push for buy now, pay later improvements

15th February 2022

Even though the industry isn’t yet under the FCA’s supervision, it’s already making changes....

Why did Apple buy Credit Kudos? Here are 3 possibilities…

24th March 2022

The launch of an Apple card in the UK, a new buy-now-pay-later product, or a speculative land-grab or “acquihire”? AltFi investigates the motivations behind Apple’s newest acquisition. ...

One in 12 use ‘Buy Now, Pay Later’ for essentials

14th March 2022

Younger adults, those in debt and those on Universal Credit were found to be twice as likely to use BNPL for basics such as food when compared with the broader population....

“This industry will shrink” - Klarna’s CEO on his long term strategy (it’s not just BNPL)

8th April 2022

The boss of Europe’s largest fintech business says a long term shift towards providing customers with better value products will concentrate the banking market into five or so very large global players. He wants to be one of them....

Barclays joins the call for more buy now, pay later regulation

14th February 2022

We've reached almost universal acceptance that change is needed....

Former Klarna legal director Miyu Lee joins new BNPL Mondu

6th April 2022

After four and a half years at Klarna, Miyu Lee is joining Mondu as its chief legal officer and general counsel....

TransUnion becomes UK’s first credit reference agency to ingest buy now, pay later data

10th February 2022

Preparing for the upcoming explosion in pay later credit data sharing....

New ‘buy now, pay later’ company launches in the UK

1st March 2022

As the number of ‘buy now, pay later’ (BNPL) schemes continues to rise, a new company has launched in the UK....

Exclusive: Klarna spins open banking API strategy with dedicated unit

31st March 2022

‘Klarna Kosma’ an open banking sub-brand and business unit of the fintech giant is booming. ...

Zopa hits profitability 21 months after winning banking licence

4th April 2022

Zopa expects to close 2022 with a £2bn balance sheet after hitting profitability for the first time....

Zilch doubles customers to 2 million in six months

18th March 2022

Zilch, founded in July 2018, said internal data showed it acquired more than 425,000 new customers in December alone, helping it reach the 2 million mark....

Danish neobank Lunar scores €70m funding, eyes mainland Europe

14th March 2022

Ken Villlum Klausen, Lunar CEO, and founder, tells AltFi about the bank's acquisition plans; hanging out with Hollywood luminary Will Ferrell, and ambitions of Scandinavian domination....

"Every part of the world needs Monzo," says CEO

7th March 2022

TS Anil also said that Monzo is adding over 100,000 new users each month without paid marketing....

Call for more buy now, pay later credit data sharing as Treasury consultation closes

7th January 2022

Industry awaits FCA’s follow-up consultation later this year....

Tencent invests in €210m funding round in French buy now, pay later firm Alma

14th February 2022

Alma, which undertook a €49m funding round a year ago, has now raised a total of €180 million in equity and more than €100 million in debt financing....

Italian BNPL fintech Scalapay joins the European unicorn club with $497m Series B

24th February 2022

The equity and debt round pushes the Italian fintech above the $1bn valuation level making it Italy’s first fintech unicorn. ...

Klarna losses soar 500% after international expansion push, customers reach 100 million

28th February 2022

The Swedish buy now, pay later giant’s net losses of £560m compared to losses of £110m the year previous....

Lender for startups Capchase raises $80m

11th March 2022

Capchase is rapidly expanding across Europe, entering new markets including the Netherlands, Belgium, Finland, Sweden and Denmark. ...

Lendable reaches £3.5bn valuation as Ontario Teachers Pension Plan invests £210m

10th March 2022

A phenomenal increase on the £1bn price tag that Lendable reached in March 2021....

Battle of the BNPLs: Santander aims to be “leader” in the European pay later market with Zinia

26th January 2022

Santander’s pay later challenger Zinia has already scooped up 2m users in Germany....

Klarna to launch rewards programme in UK

23rd February 2022

The Swedish company, Europe's most valuable fintech, has announced the expansion of its services in several markets....

Fly Now Pay Later raises $75m in debt to fund US expansion

11th January 2022

The specialist buy now, pay later lender has raised $150m since 2015....

Klarna finds 0% of Brits able to calculate interest cost of a credit card purchase

11th February 2022

The research, commissioned by Klarna and carried out by YouGov, found that only six out of ten credit card users know how much interest they are charged....

Younited: An interview with the latest French fintech unicorn to set its sights on the UK

21st February 2022

Geoffroy Guigou, co-founder and COO of the French fintech unicorn, tells AltFi why he chose to enter the credit space during the global financial crisis, and shares the secrets to the company’s success ahead of its UK expansion. ...

Wise and Klarna drag down Chrysalis NAV by 5.6%

22nd February 2022

Tumbling share prices are weighing on certain fintech portfolio companies....

Zilch launches DTC buy now, pay later offering across Europe

13th January 2022

Zilch believes its direct-to-consumer approach will be a point of differences to rivals like Klarna....

Jack Dorsey’s Block completes $29bn Afterpay acquisition

1st February 2022

The US fintech giant behind the Square and Cash apps is now a major player in the Buy Now Pay Later arms race. ...

BNPL regulation: boom or bust for the march on credit cards?

3rd February 2022

As ‘buy now pay later’ (BNPL) financing becomes ever-more popular, some providers claim they are taking would-be customers from credit card issuers. But with FCA regulation on the horizon, might the sector’s growth be curbed? ...

Zip launches Tap and Pay in-store buy now, pay later option for UK shoppers

25th November 2021

The fintech says it has stolen a march on the market, as its Tap and Pay is a speedier process than rival BNPL providers which its says require customers to generate a new code for each store transaction....

Splitit appoints payments veteran as new CEO

26th January 2022

Nandan Sheth replaces interim boss John Harper, who replaced Brad Paterson, who left in August last year....

Fintech "strategically important to UK" as figure show record investment in 2021

7th February 2022

The figures published by KPMG reveal that UK fintech investment jumped to $37.3bn last year—up sevenfold from the year previous, powered by several mega-deals including major raises by Checkout.com and Revolut....

Square beware? Apple reportedly working on iPhone-powered point-of-sale system for SMEs

28th January 2022

Could Apple challenge Zettle and Square’s dominance on the high street?...

Klarna reportedly eyeing $50-60bn valuation at next funding round

10th February 2022

Further extending its lead as ‘Europe’s most valuable fintech’....

New ‘buy now, pay later’ fintech readies for launch

5th January 2022

The rise of BNPL companies was one of the biggest fintech trends of 2021. New players are still entering the space, however....

UK payments fintech Apexx Global hits US market

13th January 2022

It offers a technology which connects acquirers, gateways, shopping carts, alternative payments methods and buy now, pay later products through a single API....

2.5m more Brits join buy now, pay later mania in just 10 months

26th November 2021

The data reveals that 28 per cent per cent of the adult population made at least one buy now, pay later purchase in October this year, compared to 23 per cent in December last year....

Meet Europe's fintech decacorns

1st February 2022

Klarna, Checkout.com and Revolut are all decacorns while N26 is treading on their toes with a valuation north of $9bn....

Amazon teams up with Barclays on first foray into UK buy now, pay later market

20th December 2021

Amazon has teamed up with Barclays and called its buy now, payer later venture "Instalments". Unlike other buy now, pay later providers, it will charge interest over the payment period....

Klarna launches physical BNPL card for UK shoppers with 400,000 waitlist

26th January 2022

Klarna is bringing BNPL instore with the launch of a physical card in the UK following rollouts in Sweden and Germany and ahead of the US....

Exclusive: Chetwood launches Wave credit card with grace period for late payments

13th January 2022

The bank is aiming at helping near-prime customers build credit....

Klarna dubs itself "the Swiss army knife" of apps as launches savings account in Germany

27th January 2022

Klarna says Festgeld+ offers "highly competitive" interest rates of up to 1.15 per cent but it's unlikely to launch in the UK soon....

2021 in quotes: Part 2

14th January 2022

A look back at fintech in 2021 and some of the most eye-catching quotes in the second half of the year from the stories we published....

Lender NewDay targets buy now, pay later market with Newpay instant credit

17th November 2021

Further blurring the line between credit and BNPL....

Fintechs return to office but retain flexible working model

24th January 2022

Monzo, Starling, Revolut, Klarna and Cashplus said they will allow staff flexibility on their working arrangements, as government WFH guidance is axed....

Bumper raises $12m to expand its car repair buy now, pay later offering

14th December 2021

Backed by Autotec and Jaguar Land Rover, Bumper plans to expand across Europe....

2021 in Fintech and Alternative Finance: Part 2

30th December 2021

Eye-catching IPOs, high-profile appointments and exits and big-ticket fundraises were amongst the stories which captured the headlines in the second half of 2021....

2021 in quotes: Part 1

10th January 2022

A look back at the world of fintech in 2021 and some of the most arresting quotes in the first half of the year from the stories we published....

Railsbank launches white-label BNPL for retailers to compete with Klarna

13th January 2022

Retailers using Railsbank’s BNPL product will be able to offer their customers credit services directly, without needing to route via a third-party provider....

2021 in Fintech and Alternative Finance: Part 1

29th December 2021

Fintechs brushed aside Covid and got on, as best they could, with the day-to-day running of their businesses in the first half of the year....

ThinkSmart to trade its remaining ClearPay shares for £85m stake in Block

21st December 2021

Shareholders will cast the deciding vote on 14 January....

Which fintechs might go public in 2022?

4th January 2022

2021 saw some major fintech IPOs, but hopes of 2022 matching or eclipsing last year's performance appear to be fading....

Barclays criticises ‘buy now, pay later’ following survey

3rd December 2021

Research conducted by the 300-year-old bank suggests many consumers are unaware of the details surrounding BNPL products. ...

Moneyhub pushes further into payments with BR-DGE tie-up

14th December 2021

Partnership will let merchants offer open banking payments at checkout....

Monzo now offers virtual card payments for Flex

29th November 2021

Monzo said that following early customer feedback, the digital bank is offering users the option of using the virtual Flex card for contactless in-store payments....

Men are outspending women on Klarna

13th December 2021

Klarna says data show men are outspending women busting a popular misconception that it is female consumers who are the big spenders and driving its growth....

Clearpay enables seamless US cross border trading for UK merchants

23rd November 2021

Automatic currency conversion means retailers can instantly open up their storefronts to US shoppers....

AltFi’s 10 most-read stories of 2021: Part 2

23rd December 2021

We chart the top 5 AltFi articles that were most popular with readers over the last 12 months—including ‘vertical’ bank cards, Lanistar’s woes, and even more Revolut....

Klarna backs Berlin’s B2B buy now, pay later leader Billie in $100m round

25th October 2021

Billie has quadrupled its valuation to $640m....

Klarna partners with Harrods

7th December 2021

UK in-store shoppers will be able to use Klarna’s ‘pay in 3 payment options’ for beauty purchases only at present but further departments are set to roll out Klarna’s payment options in the coming months. ...

Here are the biggest fintech funding rounds of 2021 in Europe

6th December 2021

Klarna, N26, Revolut, Mollie and SumUp all undertook mega funding rounds in 2021....

UK Government launches ‘buy now, pay later’ regulation consultation

21st October 2021

Expectations of a new regulatory framework for BNPL providers has ratcheted up in 2021 as the sector continues to boom. ...

1 in 5 UK consumers planning BNPL Christmas

25th November 2021

Research from BNPL provider Butter suggests spreading the cost of holiday spend is becoming more popular....

Klarna’s new card game aims to get people talking about money

12th November 2021

Limited edition packs of cards can be won in a raffle....

Fintex Capital hopes to enable the buy now, pay later boom with DIY SME facility

21st September 2021

CEO Robert Stafler wants to help B2B businesses offer their own pay later options....

Anthony Thomson named UK chair of Australian buy now, pay later firm Zip

11th October 2021

The co-founder of Metro Bank, Atom Bank and 86 400 has a new gig....

How banks can benefit from the $1trn Buy Now Pay Later boom

15th October 2021

Buy now, pay later's stellar growth shows the importance of customer experience in today's banking battleground, writes Alexa Guenoun Chief Operating Officer at Temenos....

Marqeta stock soars 15% as Q3 results show doubling of European customers

11th November 2021

Crypto and buy now, pay later customers helped lift Marqeta's transactions to a record high....

US fintech Upgrade steps in to buy now, pay later arena

4th October 2021

Upgrade will let its customers split the cost of their purchase over four months with its new product....

Klarna wants you to buy now, and pay now

18th October 2021

The Swedish fintech Klarna has made a major expansion to its strategy in the UK to offer instant payments as it looks to diversify its services and deepen its relationship with users. ...

Klarna makes its latest acquisition with Swedish fintech PriceRunner

2nd November 2021

All of PriceRunner’s 170 employees will join Klarna’s 4,000-strong staff as part of the deal....

Klarna launches in Ireland

9th November 2021

Irish consumers will join 90 million global users of Klarna in being able to split purchases into three instalments with no interest or fees ...

VibePay and Klarna go head to head over trademark dispute

7th October 2021

A real David and Goliath story of the fintech world....

Aussie fintech Zip eyes India as it invests $50m in local buy now, pay later player

24th September 2021

Zip has taken a minority stake in its Indian rival ZestMoney....

The AltFi View on the Metaverse: Here we go again

1st November 2021

Yes, it’s just a ‘concept’ at this stage....

Klarna and Stripe enter ‘strategic partnership’

26th October 2021

Retailers using Stripe can now activate Klarna as the preferred payment method in their checkout within minutes, providing a superior shopping experience to consumers. ...

Buy now, pay later firm DivideBuy raises £300m lending facility

14th September 2021

DivideBuy says it is on track to hit c£175m in Gross Merchandise Value (GMV) by the end of 2021. ...

Monzo reportedly raising £300m funding after scrapping US banking licence plans

27th October 2021

A valuation of between £3bn and £4bn is anticipated, marking a significant jump for the neobank....

The AltFi view on profitability: Can BNPL save neobanks?

20th September 2021

And if not, neobanks may need a Plan B....

Laybuy launches Buy Now, Pay Later “game changer” app as sector hots up

1st September 2021

BNPL provider Laybuy launches app-exclusive shopping giving customers access to hundreds of brands – including Amazon, eBay, ASOS and Nike....

Buy Now Pay Later startup Scalapay raises $155m Series A

9th September 2021

The round was led by Tiger Global, with participation from Baleen Capital and Woodson Capital. The new investors join existing investors Fasanara Capital and Ithaca Investments. ...

NatWest pours £72m into Updraft’s financial freedom app

21st October 2021

Founded in 2017, Updraft is already aiming to lend £200m next year....

BNPL provider Zilch marks one millionth customer 

30th September 2021

Zilch is growing at rates of up to five times more than its competitors in some sectors. ...

Exclusive: Raisin DS signs Germany’s second-largest direct bank, Deutsche Kreditbank

14th October 2021

An additional 4.8m Europeans will be exposed to Raisin DS’s deposit marketplace....

Finance giants to gather in London for UK’s Global Investment Summit

13th October 2021

The world of fintech is making its way onto the global financial stage....

PayPal unveils its ‘super app’ with savings and banking features

22nd September 2021

Only in the US for now, but PayPal steps closer to becoming a financial powerhouse....

New embedded finance platform Peeled lands FCA license ahead of launch

8th October 2021

Peeled connects non-financial brands and a marketplace of lenders, allowing the former to embed consumer finance into the customer experience. ...

One in 10 Buy Now Pay Later shoppers 'chased by debt collectors’, finds survey

3rd September 2021

Citizens Advice says it fears for many people BNPL can be a slippery slope into debt. ...

Curve’s operating losses widen as pricey expansion plans take a toll

30th September 2021

The fintech has also more than doubled its employee numbers and added more than a million customers in the past year....

PayPal vs Klarna: US payment giant launches rival ‘buy-now, pay-later’ service

14th October 2020

Another option of how to pay, later....

The final frontier in open banking payments

31st August 2021

Open banking-based payments have not yet emerged as a truly competitive alternative to mainstream methods such as credit cards but change might be starting, writes Nick Raper, Director at Nuapay UK ...

Neobanks go after Klarna: Monzo Flex Vs Curve Flex

17th September 2021

Both Monzo and Curve launch launched their respective ‘buy now, pay later’ products…on the same day...and they are both called Flex. ...

The AltFi view on BNPL regulation: Haste is needed

6th September 2021

High octane growth in the sector is impressive but clarity is needed as to how, when or if new regulation is coming. ...

B2B investor Dawn Capital promotes Evgenia Plotnikova to general partner

17th September 2021

Youngest woman in Europe to be promoted to GP in a VC firm....

Revealed: The fintech startups backed by the UK government Future Fund

14th September 2021

The British Business Bank has published a list of the 158 companies in which the Future Fund holds an equity stake. A large number are fintech firms. ...

Klarna and other ‘buy now, pay later’ firms set for UK regulatory clampdown 

2nd February 2021

The FCA is planning a regulatory overhaul to the BNPL sector following incredibly strong growth in recent years....

BNPL boom: Affirm shares soar on Amazon deal

31st August 2021

Customers of Amazon in the US will soon have the option to embrace 'buy now, pay later' services via a new partnership with Affirm....

‘Regulate poorly now, pay later’ warns Coadec on FCA’s BNPL plans

27th July 2021

Coadec laid out five suggestions for the FCA to better regulate the BNPL sector....

Behind the Buzzword: What is embedded finance?

23rd August 2021

Embedded finance truly is everywhere—in shopping apps, taxi services, lending and food delivery to name a few, but what exactly is it?...

Zilch makes first acquisition as it looks to expand into the US

11th August 2021

BNPL provider Zilch will begin to put down roots in the US thanks to its acquisition of commercial lender NepFin....

Exclusive: Butter offers BNPL first with 10 month instalments

19th August 2021

Butter was founded in 2017 by Timothy Davis, Stefan Hobl and Nik Haukohl. ...

Behind the Buzzword: What is fintech?

16th August 2021

What do Starling Bank, Checkout.com, Klarna and PensionBee have in common? They’re all fintechs of course....

The industry reacts: BNPL placed under tighter FCA regulation

2nd February 2021

Following months of speculation about a regulatory overhaul, fintech leaders react to the Government’s decision to pursue stricter rules for BNPL. ...

Laybuy’s partner programme to expand its pay-later coverage

22nd September 2020

A move that could dramatically scale-up Laybuy's retailer reach....

Under lockdown, Generation X turning ‘to buy now pay later’, says Klarna

10th August 2020

Alex Marsh, senior analytics director at Klarna, reveals how it has seen changes in consumer behaviour under lockdown and what’s next for the fintech. ...

Klarna invades Amazon, eBay and more with new buy-now-pay-later virtual cards

7th June 2021

The updated app is already live in the UK, US, Australia and Sweden, where it is used by over 6.5 million people on average each month....

Newly listed fintechs report bumper earnings

12th August 2021

Fintech’s IPO bonanza means many firms are now required to update on their progress in driving revenue. So far the news is impressive. ...

Buy now, pay later service for travel strikes first contracts

10th November 2016

Travel specialist UpLift brings fintech-powered point-of-sale service to major travel brands. ...

Laybuy secures $80m debt facility as looks to bolster UK business

29th July 2020

The debt facility has been provided b Victory Park Capital and comes amid plans for Laybuy to re-launch its IPO....

How Klarna became Europe’s largest fintech?

12th August 2019

Klarna founder and chief executive Sebastian Siemiatkowski is preparing the fintech for further moves into banking services....

Advertising watchdog bans four ‘irresponsible’ Klarna ads

23rd December 2020

The four adverts were posted at the beginning of the UK’s first national lockdown, between April and May 2020....

Alexa Chung partners with Klarna challenger Laybuy

11th July 2019

New Zealand’s largest digital buy now, pay later app launched in March with its first partnership with Footasylum....

A year in lockdown: What the world of fintech looks like a year on

23rd March 2021

A dig back through the AltFi archives to take a look at the past year in lockdown....

Fintech valuations keep tripling, is it a trend or just a coincidence?

24th May 2021

With more than five fintechs tripling their valuations in recent months, is it safe to say that once is chance, twice is a coincidence and the third time is a pattern?...

The AltFi team’s alternative lending predictions for 2021

18th December 2020

Looking ahead over the next 12 months, the AltFi editorial team predict what could be in store for alternative lenders. ...

Avant kills off ReadyForZero one year after buying it

12th November 2016

Short term lender Avant to close down debt management platform just one year after acquiring it. ...

Klarna challenger launches in UK

11th March 2019

New Zealand’s largest buy now, pay later service says it is taking on the Swedish fintech giant with a partnership with Footasylum....

Steve Keen: banks create money, fintechs don't

7th June 2017

Australia's property bubble will burst, debts should be forgiven, we should learn from Hyman Minsky ...

Demystifying securitisation for online lenders

22nd January 2018

Phillip Toth of Oberon Securities makes the case for securitisation in online lending. ...

Interview: Circle’s Marieke Flament explains why “tokenisation of everything” will change the world

29th May 2018

Freshly valued at $3bn, crypto finance company Circle tries to build infrastructure for what it calls the new global economy. “It was not happening, so someone had to start doing it.”...

Klarna bringing Vibe loyalty scheme to Europe this summer

10th June 2020

Another reason to buy now, but pay later....

The fintech firms that went out of business in 2019

27th December 2019

It's not all unicorns and funding rounds, here are the startups that were wound-up in 2019 and caught our attention....

Christian Faes: “I’ve spent the 12 years telling people: Don’t worry, we’ll never have anything like 2008”

4th February 2021

AltFi caught up with LendInvest founder and executive chairman, Christian Faes to chat about what he thinks 2021 holds for fintech and if Australia will be the next fintech hub. ...

Lunar doubles down on lending as it acquires Swedish loan marketplace Lendify

20th April 2021

Lunar will absorb Lendify’s loan book as the digital bank cements its position as a one-stop-shop for banking in the Nordics. ...

Regulating Fintech: Getting the Response Right

5th August 2015

Recent developments in finance challenge regulators around the world. Fintech companies are on the rise, and it is not clear what kind of new rules are needed. To shed light on these issues, one of the authors behind Jonathan McMillan gave a speech at the GovKnow conference on “The Future of Financial Services - Governance, Regulation and Accountability” in London....

The rapid rise of OakNorth Bank

13th April 2018

OakNorth has gone from start-up to unicorn in a flash – but what do investors see in the challenger bank?...

ZipMoney eyes profitability, partners with NAB

14th June 2017

ZipMoney might become one of the few Aussie fintechs to turn a profit...

FinTech: UK vs Australia

17th January 2017

“We’re living in a transformational era for financial services. Our children will look back at these past decades and laugh at how we banked” -- Bradley Leimer Head of Innovations at Santander....

Rebuildingsociety's Nick Moules on Why the Big Money is Headed for P2B Lending

21st February 2014

Zopa celebrates 10 years in business next year and everyone else in the p2p industry should doff their caps to the founder members for being brave, innovating and creating a new market....

The Investor Betting Big on Alternative Finance

20th February 2014

Geoff Miller is a man in a hurry. The former investment analyst and fund manager is now quietly but aggressively building an Alternative Finance powerhouse out of a London listed business called GLI Finance, where he's now CEO....

Raisin “not particularly hit by the pandemic,” says CEO and co-founder Dr Tamaz Georgadze

22nd June 2020

Georgadze on the impact of coronavirus, US expansion and what the future might hold for fintech. ...

Following Facebook’s Libra launch, UK regulator hints at greater Big Tech scrutiny

20th June 2019

The FCA says technology is dramatically changing the markets it regulates and blurring regulatory boundaries in a new report into its activities....

Revolut makes crypto and gold trading ‘free’ for all customers

2nd April 2020

The UK challenger said it fast-tracked the launch due to the coronavirus, with crypto trading today and gold by the end of April....