Buy-now pay-later firm Zilch raises £100m debt ahead of hotly-anticipated public listing June 19, 2024 London fintech Zilch has raised £100m in securitised debt financing in a deal arranged by Deutsche Bank ahead of a hotly-anticipated public listing.
‘Heartbroken’: Major buy-now pay-later firm collapses after failing to find a buyer June 17, 2024 Buy-now pay-later firm Laybuy has collapsed into receivership today after efforts to find a rescue buyer failed.
Exclusive: Laybuy teetering on the edge of collapse as rescue buyer fails to materialise June 14, 2024 Buy-now pay-later firm Laybuy is teetering on the edge of collapse after efforts to find a rescue buyer have so far failed, Morning Wire understands.
Why buy-now pay-later firms are still waiting for regulation three years on May 27, 2024 As officials from the Treasury and Financial Conduct Authority sat down with a buy-now pay-later (BNPL) boss to chat through their impending regulatory clampdown last year, frustration boiled over.
Zilch doubles down on AI for buy-now pay-later domination ahead of planned IPO next year May 5, 2024 London fintech Zilch is ramping up its use of artificial intelligence to boost competition with rival buy-now pay-later (BNPL) providers like Klarna and help it achieve profitability ahead of a planned IPO next year.
Exclusive: Laybuy up for sale after turbulent time on public markets April 16, 2024 Buy-now pay-later firm Laybuy has put itself up for sale and is hunting for potential buyers following a turbulent few years on the public markets, Morning Wire can reveal.
Buy now, fail later? Banks struggle to cash in on Klarna’s success March 27, 2024 Natwest recently confirmed it would axe its buy-now pay-later scheme. Industry experts suggest the move could be a sign of things to come as traditional lenders struggle to gain a foothold in the market.
Merry Clickmas: UK shoppers splashed £24bn online over festive season January 8, 2024 Christmas shoppers in the UK filled their carts with more than £24bn in online spending over the festive season, fresh data has revealed.
Buy Now Pay Later lenders in fight for survival, says Moody’s November 9, 2023 Moody's says that tightening financial conditions and rising competition has brought challenges for independent Buy Now Pay Later lenders.
Buy-now pay-later firms welcome Labour call to regulate amid Treasury delays November 7, 2023 Buy now pay later (BNPL) firms have welcomed calls from Labour to regulate services such as Klarna in the same way as credit cards.