Lending
Credit Card Startup Upgrade Raises US$280 Million Series F, Now Valued at US$6 Billion
Upgrade, Inc., a fintech company that offers affordable and responsible credit and mobile banking to mainstream consumers, announced that it raised a US$280 million Series F round at a US$6 billion pre-money valuation. Upgrade said that it has raised US$600
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Mexican Credit Card Issuer Stori Closes US$200 Million in Oversubscribed Series C
Mexican credit card issuer Stori announced that it has closed US$125 million during an over-subscribed Series C funding round co-led by global venture capital firm GGV Capital and growth-stage investor GIC. Other investors include General Catalyst, Goodwater Capital, and Mexico-based
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BNPL Adoption Soars in the UK
Buy now, pay later (BNPL) arrangements are growing exponentially in the UK, gaining traction amongst both consumers and businesses. Research by consulting firm Bain & Company found that BNPL is now used by 25% of e-commerce shoppers and 20,000 merchants
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Klarna Expands Its Footprint to Ireland
Swedish Buy Now, Pay Later (BNPL) platform Klarna announced that it has officially launched in Ireland. Irish consumers will be able to shop online and split their purchases into three interest-free equal payments (Pay in 3) through both the Klarna
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New Forrester Paper Explores Loan Origination Solution Market
Changing consumer behavior, tighter regulations and emerging technologies are transforming the lending landscape, challenging how incumbent lenders acquire, service and retain customers. In the latest edition of the Now Tech series, research and advisory company Forrester explores the loan origination
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Stripe Partners Klarna to Enable Businesses to Offer BNPL Services
Swedish Buy Now, Pay Later (BNPL) platform Klarna announced a strategic partnership with Irish-American payment processing platform Stripe. The partnership will allow millions of businesses across the US and 19 countries in Europe running on Stripe to offer Klarna’s flexible
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German B2B BNPL Firm Billie Bags US$100 Million From the Likes of Klarna, Tencent
Billie, a Berlin-based “Buy Now, Pay Later” (BNPL) platform for businesses, announced that it has closed a successful Series C funding round of US$100 million, increasing its valuation to US$640 million which has nearly quadrupled since the last funding round.
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Newly Minted Unicorn Zopa Raises £220 Million Led by Softbank Ahead of IPO
Zopa, London-based peer-to-peer lender and digital bank, announced its latest fundraise of £220 million led by Softbank Vision Fund 2 ahead of plans for an initial public offering (IPO) by late 2022 in London. CNBC reports that Zopa is now
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Tala Raises US$145 Million Series E, Plans to Roll Out Crypto Products
Tala, a Californian digital financial services provider in emerging markets, announced that it has secured a US$145 million Series E fundraise led by Upstart with participation from the Stellar Development Foundation. New investors Kindred Ventures and the J. Safra Group also
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Advisory Firm Nebula Capital Partners Set to Launch BNPL-Focused Fund
London-based advisory firm Nebula Capital Partners (NCP) is launching a fintech lending focused fund project which bridges the gap between traditional and digital finance. NCP aims to bring the emerging asset classes of digital lending and embedded finance to professional
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