Banking
Klarna sells checkout business to investor consortium
Klarna has finalized a deal to sell its online checkout service, Klarna Checkout (KCO), to a consortium of investors for SEK 5.4 billion ($515...
Banking
Apple partners Santander’s Zinia for BNPL financing services in Germany
Apple Partners with Santander’s Zinia for Payment Solutions in Germany
Key Highlights:Partnership Details:Apple collaborates with Santander’s digital consumer finance platform, Zinia.
New payment...
Banking
CFPB says BNPL firms must comply with credit card consumer protection rules for billing disputes and refunds
Ruling Overview:Agency: US Consumer Financial Protection Bureau (CFPB).
Decision: Designates buy now, pay later (BNPL) firms as credit card providers.
Reasoning: BNPL...
Banking
Colombian BNPL firm Addi lands $86m in equity and debt funding
Colombian buy now, pay later (BNPL) firm Addi has secured $86 million in funding, comprising $50 million in debt financing from Goldman Sachs...
Banking
PayPal extends payment options for online SMEs with new solution
PayPal Launches Complete Payments for SMEs:New Offering:PayPal has introduced a new solution called "PayPal Complete Payments" targeting small and medium-sized enterprises (SMEs)....
Banking
Santander names Petri Nikkilä as new Openbank CEO
Santander appoints Petri Nikkilä as the new CEO of Openbank, effective from May.
Nikkilä to lead Openbank's current markets and promote international expansion.
...
Banking
BNPL lender Sunbit secures $310m debt facility with Citi and Ares Management Credit
Sunbit secures a $310 million debt warehouse facility from Citi and Ares Management Credit.
Builds upon a previous $250 million debt facility obtained...
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