BNPL

Meet Shivam Srivastava. A 25-year-old MBA student at the Narsee Monjee Institute of Management Studies, Mumbai, he is a self-confessed buy-now-pay-later (BNPL) “addict”. “I spend up to Rs 15,000 every month via apps like Simpl. With BNPL,…

Following an acquisition spree beginning earlier this year, Financial infrastructure provider M2P has launched its core lending stack as it bets big on providing lending application programming interface (API) infrastructure to banks and…

Device management startup Servify has raised $65 million in funding as a part of its pre-initial public offering (IPO) round, led by Singularity Growth Opportunity Fund. Servify provides white-label warranty and after-sales support…

Ltd., the parent entity which operates will sharpen its focus on payments and distribution of lending products, the company's founder and chief executive officer (CEO) Vijay Shekhar Sharma said in a letter to shareholders, as a part of…

Swedish payment solutions provider Klarna said Monday it has raised $800 million in new financing, but its market valuation has fallen by 85% from the $46-billion price tag it commanded a year ago. Klarna said the latest round of funding…

New Delhi: Solv has raised $40 Mn in Series A funding led by SBI Holdings. SC Ventures, an existing investor, also participated in the round. Solv has already raised approximately $80 million in total funding. Solv intends to…

Solv, a marketplace for small businesses, has raised $40 million (around Rs 300 crore) in a round of funding led by Japan-headquartered SBI Holdings, with participation from SC Ventures, which has been an incubator and early-stage investor…

As the name signifies, the meaning of the "buy now, pay later" transaction is simple. It means an offer of an instalment loan at the point of purchase. The process leads to the spreading of the cost of the product(s) across…

India’s neobanking platforms such as Jupiter, Open and others, which have to partner with banks to offer things like savings accounts, have long been awaiting permission from the RBI to become self-sufficient. But this isn’t likely to…

London: Reduced consumer spending, rising interest rates and trickier credit conditions spell trouble for Buy Now Pay Later lenders, raising the prospect of consolidation in the sector. Buy Now Pay Later (BNPL) firms have created one of the…