Your feel-good Friday news comes to us from Klarna this week. The Swedish BNPL behemoth appears to be delivering on its promise from 2022 to return to profitability by the end of 2023.
Making fintech news this week were Silvergate Bank, Klarna, Goldman Sachs, Marqeta, LendingTree and more
The news this week was dominated by the crypto crash as we heard about layoffs at Coinbase, problems at Celsius and a continued downturn in crypto prices. There was plenty of BNPL news as well.
Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.
With regulation taking center stage, there's an opportunity for banks to take the place of some large BNPL providers and lead the space.