As Shopify’s growth slows down, its buy now, pay later (BNPL) partner, Affirm, is feeling the burn. Per its earnings report Wednesday (May 8), Shopify saw 23% year-over-year revenue growth in the first quarter of this year, comparable to its previous earnings report and down...
The CE 100 Index was up 1.7% through the past week, and earnings were the dominant theme across all pillars. Pay and Be Paid Pillar Leads the Pack Pillar by pillar performance was mixed. Within the Pay and Be Paid segment, which gained 7.7%, Sezzle surged 65.9%....
As middle- and high-income consumers return to treating themselves to nice-to-haves, such as new personal care products and services, Sally Beauty is seeing low-income shoppers continuing to cut back amid ongoing economic pressures. On a call with analysts Thursday (May 9) discussing the retailer’s second-quarter fiscal 2024 earnings results,...
Financial institutions (FIs) looking to get a piece of the action in the buy now, pay later (BNPL) space might be wise to investigate their timing. As FIs have struggled to unlock flexible payment options to their customers during the purchase journey, their more agile competitors...
May 13, 2024
The CE 100 Index was up 1.7% through the past week, and earnings were the dominant theme across all pillars. Pay and Be Paid Pillar Leads the Pack Pillar by pillar performance was mixed. Within the Pay and Be Paid segment, which gained 7.7%, Sezzle surged 65.9%. The company’s massive rally came on the heels of first quarter earnings, which […]
May 10, 2024
Financial institutions (FIs) looking to get a piece of the action in the buy now, pay later (BNPL) space might be wise to investigate their timing. As FIs have struggled...
May 10, 2024
Earnings were everywhere this past week, driving the FinTech IPO Index 4% higher through a volatile week of trading. Buy Now, Pay Later Momentum Sezzle shares soared 52%. The company’s...
May 09, 2024
The laws of physics dictate that for every action, there is a reaction. As Tuesday (May 14) looms, with a new rule from the Consumer Financial Protection Bureau (CFPB) slated to take effect that...
May 13, 2024
Aplazo has raised $70 million in equity funding, including a $45 million Series B, to continue building its omnichannel payment platform. The Mexico-based company will also use artificial intelligence (AI) to better understand the needs of consumers and merchants and to enhance risk decisions, Aplazo said in a Monday (May 13) press release. “Aplazo set out […]
May 01, 2024
Payments platform Sezzle wants to reward users to stay on top of their bills. To that end, the company on Wednesday (May 1) announced the launch of Payment Streaks, a feature designed...
April 29, 2024
Klarna has partnered with luggage and travel accessories brand Away. With this collaboration, Klarna’s interest-free buy now, pay later (BNPL) options are available to Away’s customers in the United States, Canada and the...
April 24, 2024
Uber and Klarna have joined forces to offer users new ways to pay for rides and deliveries. The collaboration, announced Wednesday (April 24), lets users in the U.S., Germany and Klarna’s home country Sweden...
