Banking
Amazon to Acquire Indian BNPL Startup Axio
E-commerce Giant Expands Financial Services with $150 Million Deal
Highlights:$150 Million Deal: Amazon agrees to acquire Axio for over $150 million.
Six-Year Partnership: Amazon...
Banking
Klarna IPO, New York Stock Exchange, fintech news, Klarna valuation, BNPL IPO
Swedish buy now, pay later (BNPL) leader Klarna has officially announced its decision to pursue its initial public offering (IPO) on the New...
Banking
Modifi Secures $15M and Partners with SMBC to Expand Digital Trade Finance for SMEs in Asia
Berlin-based digital trade finance platform Modifi has raised $15 million in a new funding round led by Sumitomo Mitsui Banking Corporation (SMBC) and...
Banking
UK government looks to strengthen BNPL protections with launch of latest consultation
The UK government is proposing new protections for Buy Now, Pay Later (BNPL) users, which will fall under the Financial Conduct Authority (FCA)...
Banking
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Klarna has signed an agreement with a subsidiary of Elliott Advisors (UK) Limited to sell “substantially all” of its short-term, interest-free product receivables...
Banking
BNPL fintech Tabby buys Saudi digital wallet start-up Tweeq
Acquisition Announcement: Tabby, a Middle Eastern buy now, pay later (BNPL) fintech, has acquired Tweeq, a Saudi Arabian digital wallet designed for millennials...
AI
Klarna to resurrect BNPL fintech Laybuy in New Zealand following acquisition of assets
Klarna's Acquisition: Swedish payments company Klarna has acquired the assets of the BNPL fintech Laybuy in New Zealand.
Laybuy's Previous Struggles: Laybuy ceased...
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