BNPL

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Saudi BNPL startup Tabby increases valuation to $4.5bn

/payments

Saudi BNPL startup Tabby increases valuation to $4.5bn

A secondary share sale has seen the valuation of MENA-based financial app Tabby rise to more than $4.5bn.

Mexican fintech Plata sees valuation exceed $3bn

/inclusion

Mexican fintech Plata sees valuation exceed $3bn

Plata, a startup based in Mexico and founded by three former Tinkoff executives has completed a $250m fund raise.

Klarna to launch digital wallet and debit card in UK

/retail

Klarna to launch digital wallet and debit card in UK

BNPL provider Klarna has fired the first shots in its assault on UK bank's retail business with the launch of a debit card and a digital wallet.

Klarna and Google ink AI deal

/ai

Klarna and Google ink AI deal

Klarna has signed on to use Google Cloud's full AI stack, from infrastructure, to platform, to models.

Santander takes BNPL product to Spain for Amazon purchases

/payments

Santander takes BNPL product to Spain for Amazon purchases

Banco Santander has launched its buy now, pay later product, Zinia, in Spain, with an initial focus on installment payments on Amazon.

Klarna revels in one million US debit card sign ups

/payments

Klarna revels in one million US debit card sign ups

Over a million Americans have signed up for Klarna's debit card in just eleven weeks since launch.

Klarna to appear on Apple Pay for instore payments

/payments

Klarna to appear on Apple Pay for instore payments

Klarna is to provide Apple Pay users with access to BNPL loans at instore checkouts in the UK and US.

Caixabank enables Apple Pay installment payments in Spain

/retail

Caixabank enables Apple Pay installment payments in Spain

CaixaBank Payments & Consumer, a specialist consumer financing and payment methods subsidiary, tackles card payments in the Iberian market, with a fleet of more than 34 million cards, more than 16 million customers and a share of 31% in invoicing purchases.

Klarna set to revive IPO

/payments

Klarna set to revive IPO

After pausing plans for its US initial public offering amid market turbulence in the spring, Klarna will restart the process next month, according to Reuters.

Klarna to sell $26bn of US BNPL loans

/payments

Klarna to sell $26bn of US BNPL loans

Klarna has agreed to sell up to $26 billion of US buy now, pay later loans to student loan giant Nelnet.

Klarna reports Q2 losses amid US expansion plans

/markets

Klarna reports Q2 losses amid US expansion plans

Swedish buy now pay later (BNPL) platform Klarna prepares for its New York listing, despite reporting a net loss in Q2.

Google partners Wise to make remittances more accessible

/payments

Google partners Wise to make remittances more accessible

Google is working with Wise, Ria Money Transfer and Xe to test a remittance experience via its online wallet and search.

Klarna considers autumn IPO revival

/markets

Klarna considers autumn IPO revival

After pausing plans for its initial public offering amid market turbulence in the spring, Klarna is looking to revive its listing this autumn.

Samsung Wallet adds in-store instalment payments

/payments

Samsung Wallet adds in-store instalment payments

Samsung has teamed up with Splitit to let users of its mobile wallet use their existing credit to split in-store payments into instalments.

FCA sets out BNPL oversight proposals

/regulation

FCA sets out BNPL oversight proposals

The UK's Financial Conduct Authority has provided details of its plans to bolster protections for buy now, pay later borrowers from next year.

Klarna offers users mobile plans

/payments

Klarna offers users mobile plans

Klarna is the latest financial services provider to enter the mobile market, working with Telecom-as-a-Service platform Gigs to launch a phone plan in a host of major markets, beginning with the US.

Klarna opens hotline to CEO's AI avatar

/ai

Klarna opens hotline to CEO's AI avatar

Klarna has launched a hotline to an AI avatar of CEO Sebastian Siemiatkowski where consumers can provide conversational feedback on product features, issues and suggestions for improvements.

Sezzle files antitrust suit against Shopify

/payments

Sezzle files antitrust suit against Shopify

BNPL provider Sezzle has sued Shopify, alleging that the e-commerce marketplace has been stifling competition on its platform.

Klarna partners gifting platform Nift for loyalty push

/ai

Klarna partners gifting platform Nift for loyalty push

Klarna has partnered AI-powered gifting platform Nift to deliver personally tailored gifts to shoppers to boost customer loyalty.

Klarna reported to Norway's Consumer Authority

/payments

Klarna reported to Norway's Consumer Authority

Norway's Consumer Council has referred Klarna to the country's Consumer Authority over an alleged failure to provide clear details about interest paid on its buy now, pay later products.

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