We won’t name names while setting off on another PYMNTS Provider Ranking of Alternative Credit Apps — it’s all in the numbers below, as we shall see — but to give a taste of just how big alt-credit is getting, the market valuation of one high-ranking app leapt from around $10 billion eight months ago to an astounding $45 billion by mid-June. All one can say is “wow.”
And now, to wow loyalty readers of PYMNTS Provider Rankings, we dive headfirst into another slugfest between the top brands in buy now, pay later (BNPL), who are collectively rewriting the book on consumer credit while supplying merchants with a much-needed sales-boosting option.
Let’s see what’s transpired since last month.
The Top Five
Well done for FuturePay, which takes No. 4 this cycle on a one-spot bump-up.
Also dropping a spot but sticking to the top five is Sezzle, as its deal with Target Stores is still fresh.
The Top 10
Not to disappoint, but that’s about it for changing chart positions this time out with PYMNTS’ Provider Ranking of Alternative Credit Apps.
Now, about the mountain bike I can’t afford all at once…