Klarna reported earnings results for the first half of 2023, showcasing a profitable second quarter that exceeded its expectations. The Stockholm-based, artificial intelligence (AI)-powered global payments network and shopping assistant has successfully aligned its strategic focus on both profitability and growth, Klarna said in a Thursday (Aug. 31)...
Installments-as-a-service platform provider Splitit has secured an investment of $50 million from private equity firm Motive Partners. This commitment is composed of two tranches of $25 million in exchange for the issuance of new preference shares, Splitit said in a press release. The first tranche will be invested...
Buy now, pay later (BNPL) plans, in which consumers pay off purchases in a set number of payments and usually interest-free, have gained popularity in recent years. As detailed in the June PYMNTS collaboration with Sezzle, “The Credit Economy: How Younger Consumers Make Credit Decisions,”...
As consumers struggle to make ends meet, the burden of unexpected car repairs can be overwhelming. David Meniane, CEO CarParts.com, said in a recent interview that, though it’s tough to gauge where we are in the macro-economic cycle, there are some longstanding trends in place. ...
Millennials’ financial well-being might be a bit shaky — or soon will be. The pause on student loan payments is set to end, and the much-anticipated loan forgiveness floated by the President Joe Biden administration was struck down by the Supreme Court. That means that...
Payments platform Sezzle has been named one of CNBC’s top FinTechs. The award for the World’s Top Fintech Companies 2023, announced Wednesday (Aug. 2), places Sezzle among those companies “building innovative, tech-enabled and finance-related products and services,” as CNBC put it on its website. According to a news...
The build vs. buy debate is a perennial one in technology, and in payments. For neobank Upgrade, in the bid to extend its credit, mobile banking and payment products to more consumers, and to broaden its own portfolio of payment options — specifically in the...
Klarna has partnered with British department store Liberty to add its flexible and interest-free payment options to the online store. This partnership aims to help Liberty customers save time and money when making high-end purchases by using the Swedish FinTech company’s buy now, pay later (BNPL) option, Klarna...
B2B payments company Mondu has partnered with payments specialists Acquired.com. Through Acquired’s network, Mondu’s suite of B2B payment services will be available to customers across the United Kingdom and Europe, the companies said in a Thursday (July 20) press release. This strategic collaboration will bring...
