Klarna’s Q2 results include profitable month as GMV continues growth streak
Revenue in the second quarter grew at an even faster pace, up 17%.
-
Read more: Klarna’s Q2 results include profitable month as GMV continues growth streak -
BNPL vendor Splitit moves to go private in exchange for fresh funds
Read more: BNPL vendor Splitit moves to go private in exchange for fresh fundsAs the buy now, pay later (BNPL) market continues on its slow decline, one of the major players, Splitit, is embarking on an effort to reorganize and pivot. Splitit today announced that it has a $60 million “capital commitment” from strategic investors including Thorney Investment Group, Parea Capital and Motive Partners. Bringing the startup’s total…
-
Upgrade acquires travel-focused BNPL startup Uplift for a song
Read more: Upgrade acquires travel-focused BNPL startup Uplift for a songUpgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million in cash and stock. It’s likely not the exit Uplift was hoping for — and a sign of serious consolidation in the BNPL space, which…
-
Upgrade acquires travel-focused BNPL startup Uplift for a song
Read more: Upgrade acquires travel-focused BNPL startup Uplift for a songUpgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million in cash and stock. It’s likely not the exit Uplift was hoping for — and a sign of serious consolidation in the BNPL space, which…
-
Amazon Pay taps Affirm to be its first buy now, pay later player
Read more: Amazon Pay taps Affirm to be its first buy now, pay later playerAffirm has become the first buy now, pay later player to be added to Amazon Pay, the two companies announced today. As part of the new partnership, any Amazon Pay merchants in the U.S. can now choose to offer their customers the option to “buy now, pay later” using Affirm’s technology. Merchants who offer Amazon Pay…
-
Southeast Asian credit fintech Kredivo scores $270M Series D
Read more: Southeast Asian credit fintech Kredivo scores $270M Series DThe funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D. The round was led by Japanese bank Mizuho Bank, a subsidiary…
-
bnpl, EC Ecommerce and D2C, EC Fintech, EC Newsletter, Klarna, Startups, Tech Industry, The Exchange
How much progress is Klarna making toward profitability?
Read more: How much progress is Klarna making toward profitability?Klarna has had a publicly difficult few quarters. Now that we have its 2022 financial data, we can look more closely at how it performed amid all the noise. How much progress is Klarna making toward profitability? by Alex Wilhelm originally published on TechCrunch
-
Klarna wins over the US
Read more: Klarna wins over the USThe U.S. is now Swedish payment giant Klarna’s biggest market by revenue, surpassing Germany, and that has CEO and co-founder Sebastian Siemiatkowski feeling proud. In an exclusive interview with TechCrunch, Siemiatkowski shared that Klarna saw a 71% year-over-year increase in Gross Merchandise Value (GMV) in the U.S. last year compared to 2021. “When you were…
-
Is this the end of the BNPL boom?
Read more: Is this the end of the BNPL boom?As inflation and interest rates climbed, consumer-focused BNPL players have struggled with increased defaults amid less discretionary spending. Is this the end of the BNPL boom? by Mary Ann Azevedo originally published on TechCrunch
