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This week:
Funding
Norwegian BNPL firm Two raises EUR 18 million in a Series A funding round
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Mar 21
Management news
New Zealand BNPL provider Laybuy lays off 10% of its workforce
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Mar 21
Last week:
Funding
Saudi Arabian BNPL platform Tamara raises USD 150 million in debt financing from Goldman Sachs
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Mar 16
Partnerships
Product updates
Hokodo partners with BNP Paribas to provide BNPL solutions to multinational corporations’ business customers
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Mar 15
Industry news
Sezzle announces intention to list on the NASDAQ exchange
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Mar 13
Geographic expansion
Affirm exits Australian market citing an orderly wind-down of operations
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Mar 7
M&A
Italian BNPL provider Scalapay acquires Italian payment company Cabel IP
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Mar 7
Geographic expansion
Zip plans to exit its operations in 10 out of its 14 global markets
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Mar 2
Earnings/results
Sezzle returns to profitability in Q4, with FY22 net losses down significantly
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Feb 28
Earnings/results
Klarna’s losses grow significantly in FY2022 although GMV growth picks up
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Feb 28
Earnings/results
Humm reports releases its 1H FY2023 earnings; reports improved gross volume
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Feb 23
Geographic expansion
MENA-based Tabby to suspend operations in Egypt given the country’s adverse macroeconomic conditions
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Feb 22
Industry news
Affirm to hike annual percentage interest rates on BNPL products from 30% to 36%
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Feb 17
Funding
German BNPL provider Flexvelop raises EUR 3 million in funding
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Feb 16
Product updates
Apple releases details on criteria for access to its BNPL product
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Feb 15
Industry news
BNPL infrastructure solutions provider Limepay rebrands as April; shifts focus to embedded finance solutions
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Feb 15
Industry news
UK to move ahead with BNPL regulations outlining measures for consumer protection
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Feb 14
Partnerships
Westpac enters the BNPL space through the launch of PartPay for its credit card customers
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Feb 14
Earnings/results
Management news
Affirm’s stock price plunges as operating losses more than double and revenue comes in below analyst expectations
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Feb 8
Product updates
Management news
Openpay announces move to receivership; temporarily suspends new transactions on platform
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Feb 6
Product updates
Apple soon set to launch BNPL solution titled “Apple Pay Later”
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Feb 2
Partnerships
Product updates
BNPL provider Splitit partners with Ingenico to launch a one-touch installment solution embedded in Ingenico POS terminals
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Feb 1
Earnings/results
Laybuy reports subdued GMV although default rates were at a record low
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Jan 31
Earnings/results
Openpay reports record TTV, quarterly revenue, and active merchants in Q2
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Jan 31
Earnings/results
Splitit reports moderate revenue and MSV growth in Q4 FY2022
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Jan 31
Management news
New Zealand-based B2C BNPL provider, Laybuy, announces voluntary decision to delist from ASX; shareholder approval required
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Jan 25
Management news
B2C BNPL provider Payright announces changes to its board and management structure
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Jan 25
Funding
B2B BNPL provider, Tranch, raises USD 100 million in seed equity and debt funding
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Jan 24
Funding
B2B BNPL platform Vartana raises USD 12 million in Series A funding
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Jan 24
Management news
Kueski names ex-Stripe executive Fausto Ibarra as Chief Product Officer
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Jan 24
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