buy-now-pay-later
Coverage of buy-now-pay-later in the Nexus archive.
- Addi Lands US$630 Million From J.P. Morgan, Goldman
Addi, a Colombian fintech offering point-of-sale loans and buy-now-pay-later services, secured US$630 million in funding, including a debt-heavy package and an US$85 million Series D round backed by J.P. Morgan and Goldman. The funding was facilitated by global banks.
- Klarna on the fight for ‘top of wallet’ in an AI agentic commerce world
Klarna's CEO, Sebastian Siemiatkowski, asserts that brand loyalty remains strong despite the rise of AI-driven shopping agents, emphasizing Klarna's competitive position in the buy-now-pay-later (BNPL) market with 29 million U.S. users. He highlights the company's diverse payment methods and global reach, suggesting it is well-prepared for future challenges in AI-agentic commerce. Klarna may pursue bank charters in the U.S., similar to fintech peers like PayPal and Revolut.
- Americans are using buy-now-pay-later for gas and groceries, showing just how expensive daily necessities are now
Americans are increasingly using buy-now-pay-later services to purchase gas and groceries as gas prices have risen more than $1 per gallon compared to last year’s average.