Buy now, pay later (BNPL) platform Sezzle announced Thursday (Oct. 14) it’s broadening its partnership with credit bureau TransUnion to let users establish and build credit based on their Sezzle repayment history. Sezzle users who qualify for Sezzle Up will have their repayment histories submitted...
Recurring revenue trading platform Pipe announced the offering is now available in the U.K., a growth initiative that has the company adding a pair of tech veterans to its international leadership ranks. More than 8,000 U.S. companies have signed up on Pipe this year, with...
The digital compression of 2020 has drawn a wide range of speculation. Has it been ten years of change packed into one, as some have speculated? But maybe the most dramatic and realistic assessment comes from Pedro DePaula, director of MercadoLibre’s MercadoCrédito division. In Mercado’s home...
The pandemic has shone a spotlight on the urgent capital needs of small- to medium-sized businesses (SMBs) as they struggle with cash flow. In an interview with PYMNTS, Brian Reaves, CEO of Amsterdam-based Factris said SMB financing — and particularly the practice of factoring —...
The death of U.S. payday lending has long been forecast, as opponents complain that short-term, high-interest loans offer consumers little more than an opportunity to fall into a debt trap that could take years to emerge from. Will competition from FinTechs finally spark the industry’s...
Lightspeed and Stripe have teamed up to launch Lightspeed Capital, which will, initially offer loans aimed at small and medium-size businesses (SMBs) in the U.S., Lightspeed announced. The program will provide retailers using Lightspeed Payments with “flexible financing” of up to $50,000 per retail location. “Through financing...
EBay is teaming up with LendingPoint to give the eCommerce giant’s U.S. sellers access to funding to help them build up and sustain their businesses. The companies dubbed the initiative “eBay Seller Capital powered by LendingPoint,” according to press release. The program, launched during the...
The alternative or alt-credit space — known variously as point-of-sale (POS) credit, “buy now, pay later” (BNLP) or installment payments — remains one of the hottest business stories of the past few years, as players stream in and consumers fall in love with the concept....
Indian FinTech Infibeam Avenues, which works in digital payment and eCommerce solutions, has bought all shares of Cardpay Technologies, which provides payment and invoice technology, in an all-stock deal. In the announcement, the companies said the acquisition will help Ahmedabad-based Infibeam offer better B2B payment...