Tag: Affirm

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?

The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?

The buy now pay later sector may have had its best year ever in 2020, but now the UK’s top financial watchdog is calling for stricter rules “to protect consumers”.

InsurTech and cybersecurity companies were among the 34 FinTech companies that raised money last week, but Covid-19 continues to haunt the industry.

Massive amounts of capital have been injected into the FinTech industry in 2020, but ten companies raised bigger rounds than the rest.

Lending startup Affirm has secured a $100m credit line from Morgan Stanley as the San Francisco company looks to facilitate more point-of-sale financing.