The buy now, pay later space is full of competition with names like Affirm, Afterpay and Klarna; what’s different about...
Last year SoftBank agreed to make a €900mn investment into Wirecard; as part of the deal they were going to...
As the sparkling firecracker news of acquisitions, plans, and partnerships in the BNPL space fizzle, oversight reporting has sprung up. A Credit Karma survey found that of those who used BNPL, more than half of the younger crowd missed at least one payment.
Congress wants to extend PPP, lenders ready to move on Groundfloor Says Q2 was a Record Quarter Broadhaven Ventures’ Michael...
To be onboarded to the platform, creators simply apply for access here to undergo Klarna's validation process.
Swedish based fintech Klarna is launching a suite of authentication services for retailers as they look to expand beyond their...
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·This week, we cover these ideas:
Klarna’s $640 million raise and its $45 billion valuation, and how its business model arbitrages the payments revenue pool to build a lending business
Pinduoduo’s growth path to a $150B marketcap, and the links between shopping, media, and financial mechanisms that help it compete with Alibaba
A comparison of approaches to growth and economics
Implications for crypto assets for capturing “the real economy”
Klarna is raising $640 million on a $45 billion private valuation, with over $1 billion in net operating income. The buy-now-pay-later company has over 90 million active customers and 250,000 merchants. It was founded in Sweden in 2005.
On the other side of the ocean, Chinese ecommerce company Pinduoduo is beating Alibaba with 820 million active buyers, generates over $3 billion in revenue per quarter, connects buyers to 12 million farmers, and has a market capitalization of $150 billion. It was founded in China in 2015.
Worldpay’s new Global Payments Report says buy now, pay later is set to double in size by 2023; payments and...
One of the biggest trends in the last 5 years has been the ease at which you can make a...
We started the month with the huge news that Square was acquiring Afterpay and we ended with Amazon’s deal with Affirm.
It seems like every day there is more news coming out of this sector, it is white-hot right now.