The buy now, pay later (BNPL) wallet is crowded, and grocery purchases show just how much the leading providers already overlap. Between 87% and 96% of users associated with Affirm, Afterpay, Klarna and PayPal Pay Later report using BNPL for groceries, according to PYMNTS Intelligence’s...
Watch more: Need to Know with Splitit’s Nandan Sheth In 1949, a businessman named Frank McNamara finished dinner at a New York restaurant and realized he’d left his wallet at home. The story may be part legend, but the product it inspired was real. Diners...
Amazon is teaming with Affirm to offer installment payment options to its U.K. customers. The partnership, announced Wednesday (Sept. 23), lets customers choose Affirm as their payment method at checkout and apply to get an instant eligibility decision from the buy now, pay later (BNPL)...
Watch more: Monday Conversation With Affirm’s Libor Michalek Picture someone who had a bad year. A few bills went unpaid, and their credit score took the hit. Then things turned around. Every payment since has been on time. The score hasn’t caught up. Now picture...
Affirm has started using a new real-time underwriting model at U.S. checkouts that approves consumers its previous models would have declined, including shoppers with limited credit histories and no FICO score at all. The transformer-based model is now live, according to a Thursday (Sept. 17)...
Lending startup Split Pay raised $125 million in new funding, Axios reported Sept. 8. The company’s Series A and Series B rounds were led by Khosla Ventures, and there was participation from Thrive Capital and Affirm CEO Max Levchin, according to the report. Split Pay’s...
Grab Holdings is acquiring a controlling stake in Singapore-based buy now, pay later (BNPL) provider Atome Financial. The $1.49 billion deal will combine Atome’s businesses — including BNPL loans and cards, consumer loans, and digital lending — with Grab’s financial services business, the company said in a...
Amusement resort operator Six Flags is pushing into the buy now, pay later space, according to a Monday (Sept. 7) press release. The company teamed with FinTech Upgrade to introduce Flex Pay, which lets guests buy season passes and pay over time in fixed monthly...
Commerce Software-as-a-Service (SaaS) platform Shopline has chosen Spilit as its card-linked installment payments partner, according to a Wednesday (Sept. 2) press release. The collaboration will embed Splitit’s technology into the Shopline platform, letting merchants activate installment payments while allowing consumers to pay over time using...