Payments News

On The Web

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Deals

Kafene Raises $14M to Offer Buy Now, Pay Later to the Subprime Consumer

“The buy now, pay later frenzy isn’t going anywhere as more consumers seek alternatives to credit cards to fund purchases. And those purchases aren’t exclusive to luxuries such as Pelotons (ahem, Affirm) or jewelry someone might be treating themselves to online. A new fintech company is out to help consumers finance big-ticket items that are […]
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Providers

Sezzle Says Target Corp Will Use Its Installment Payment Product

“Sezzle Inc. said it has entered into a three-year agreement with Target Corp. for the U.S. retail giant to offer consumers its installment payment product in-store and online. Sezzle on Thursday said the agreement followed the conclusion of a proof-of-concept of the interest-free payment plans with its fellow Minnesota-based firm. Target last month reported 1Q […]

On The Wires

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Providers

Splitit Partners With ChargeAfter

“Splitit (ASX:SPT), the company empowering consumers to use their existing line of credit to pay in installments, announced a partnership with ChargeAfter , the leading global network of personalized buy now pay later (BNPL) and point-of-sale financing for merchants, adding Splitit to complement its existing portfolio of consumer financing offerings. Splitit will be the first […]
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Providers

Klarna Launches Game-changing New Shopping Feature, Bringing Interest-free Shopping to ALL Online Retailers

“Klarna, the leading global banking, payments and shopping service, has today launched its Shopping app, empowering users to Pay in 3 in any online shop directly through the Klarna app, without ever paying more than the price of the product. Klarna’s in-app shopping experience now covers the whole retail journey, from inspiration and discovery right […]
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Deals

Buy Now Pay Later Platform Divido Raises $30 Million Series B

“Divido, the world’s largest whitelabel platform for retail finance, has raised a $30 million Series B funding round to fuel international expansion, while continuing to build out its market-leading platform for lenders and merchants. The round was led by global banks HSBC and ING, with participation from Sony Innovation Fund by IGV*, SBI Investment, OCS, Global Brain […]