Klarna is reportedly selling a portfolio of installment loans as it prepares to go public. The planned sale involves a portfolio of U.S. “Pay in 4” loans from the company’s buy now, pay later (BNPL) offering, the Financial Times (FT) reported Tuesday (Jan. 14), citing sources familiar with...
The Consumer Financial Protection Bureau detailed in its 2023 Consumer Response Annual Report that consumers have been the targets of fraudulent account openings, and installment loans were the most cited type of personal lending in complaints. The report, released Friday (March 29), noted that complaints...
Qonto has added its first in-house financing offer, “Pay later,” to the business finance solutions it offers small and medium-sized businesses (SMBs) and freelancers. The new Pay later is a short-term financing, or buy now, pay later (BNPL), offer giving eligible customers in Qonto’s four markets...
Buy now, pay later (BNPL) company Affirm expects an increase in demand for its short-term consumer loans if interest rates remain high for an extended period. Affirm’s product is perceived differently by consumers compared to traditional loans, Michael Linford, the company’s chief financial officer, told The Wall...
September 27, 2023
It’s the end of September, summer’s a distant memory, and students are only a few weeks into settling into the routine of books, homework, and given the way things are going … … paying for it all. You’d be forgiven for thinking the conversation around what we might term “education affordability” has been confined to […]
February 10, 2023
Consumers are getting ready to battle inflation for the long haul — tapping every resource that’s available. Here’s one telltale sign: Valley Bank EVP and President of Consumer Banking Kevin...
August 12, 2021
Customers’ return to physical stores has been underway in recent months, with many viewing in-person retail as a treat after more than a year of health-related restrictions. Despite this, they...
April 07, 2020
While installment loan products were not quite unheard of in the U.S. five or six years ago, they were quite rare. At that time, the U.S. market for retail credit...
March 17, 2025
Buy now, pay later provider Klarna has agreed to become Walmart’s exclusive provider of installment loans. The collaboration, announced Monday (March 17), gives Walmart’s customers in the U.S. access to flexible payment options in an arrangement set to be integrated into the retailer’s checkout this year. A Klarna news release notes that OnePay, the consumer financial services platform backed by Walmart and […]
January 14, 2025
Klarna is reportedly selling a portfolio of installment loans as it prepares to go public. The planned sale involves a portfolio of U.S. “Pay in 4” loans from the company’s buy...
March 26, 2024
Qonto has added its first in-house financing offer, “Pay later,” to the business finance solutions it offers small and medium-sized businesses (SMBs) and freelancers. The new Pay later is a short-term...
November 14, 2023
Buy now, pay later (BNPL) company Affirm expects an increase in demand for its short-term consumer loans if interest rates remain high for an extended period. Affirm’s product is perceived differently by...
