Tag: BNPL
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Klarna has signed an agreement with a subsidiary of Elliott Advisors (UK) Limited to sell “substantially all” of its short-term, interest-free product receivables...
BNPL fintech Tabby buys Saudi digital wallet start-up Tweeq
Acquisition Announcement: Tabby, a Middle Eastern buy now, pay later (BNPL) fintech, has acquired Tweeq, a Saudi Arabian digital wallet designed for millennials...
Klarna to resurrect BNPL fintech Laybuy in New Zealand following acquisition of assets
Klarna's Acquisition: Swedish payments company Klarna has acquired the assets of the BNPL fintech Laybuy in New Zealand.
Laybuy's Previous Struggles: Laybuy ceased...
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...
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...
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...