alternative credit

FICO Scores Come Under Scrutiny and Lenders Eye New Ways to Assess Risk

FICO Scores Come Under Scrutiny and Lenders Eye New Ways to Assess Risk
FICO Scores Come Under Scrutiny and Lenders Eye New Ways to Assess Risk
May 28, 2025  |  Alternative Credit

The FICO score is arguably shorthand for creditworthiness — a triple-digit number that helps determine mortgages and all manner of debt that’s extended to applicants,...

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Pagaya Issues $300 Million in Bonds to Fund BNPL Loans
Pagaya Issues $300 Million in Bonds to Fund BNPL Loans
May 22, 2025  |  BNPL

Consumer lending platform Pagaya is reportedly pushing into the pay later market. The company is about to issue $300 million in bonds that will be...

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Affirm and Shopify Expand Pay-Later Pact to Canada
Affirm and Shopify Expand Pay-Later Pact to Canada
April 09, 2025  |  BNPL

Affirm and Shopify have expanded their pay-later offering beyond U.S. borders. The companies announced Wednesday (April 9) that Shopify merchants in Canada who have signed...

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Fragmentation Gives Way to Consolidation Across Pay-Later Landscape, Says Splitit CEO
Fragmentation Gives Way to Consolidation Across Pay-Later Landscape, Says Splitit CEO
April 02, 2025  |  BNPL

The pay-later ecosystem has evolved through the past few years, with a broad range of solution providers and available options. The idea of paying over...

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Klarna Offered 15 Million Warrants to Seal Walmart Partnership
Klarna Offered 15 Million Warrants to Seal Walmart Partnership
April 01, 2025  |  BNPL

Klarna is reportedly facing backlash ahead of its $15 billion initial public offering (IPO). As the Financial Times (FT) reported Tuesday (April 1), some of...

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Mastercard Sets Sights Beyond Retail as It Embeds BNPL Into Network
Mastercard Sets Sights Beyond Retail as It Embeds BNPL Into Network
April 01, 2025  |  BNPL

The buy now, pay later pure plays like Klarna and Affirm might get a lot of attention these days. However, card networks have a piece...

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Affirm’s Levchin Sees Company Becoming the American Express of Buy Now, Pay Later
Affirm’s Levchin Sees Company Becoming the American Express of Buy Now, Pay Later
March 27, 2025  |  BNPL

The lure of paying over time lies with the predictability of the repayment. Consumers don’t think of pay later options as credit, at least not...

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75% of Financially Pressured Consumers Turn to Pay Later Plans
75% of Financially Pressured Consumers Turn to Pay Later Plans
March 03, 2025  |  BNPL

The use of pay later plans has grown as consumers seek more flexible payment options. The PYMNTS Intelligence eBook “10 Impact Statements: The 2024 Pay...

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