BNPL

Technology

Klarna reports a ~$1B net loss in 2022, up 47% YoY, and Q4 revenue up 19% YoY to ~$534M, driven by US GMV rising 71% in 2022, as the BNPL industry struggles (Financial Times)

[ad_1] Financial Times: Klarna reports a ~$1B net loss in 2022, up 47% YoY, and Q4 revenue up 19% YoY…

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Technology

An interview with Max Levchin on Affirm, the US CFPB's inquiry into BNPL services, problems with credit cards, the current economic environment, and more (Lauren Goode/Wired)

[ad_1] Lauren Goode / Wired: An interview with Max Levchin on Affirm, the US CFPB’s inquiry into BNPL services, problems…

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Technology

The US Consumer Financial Protection Bureau plans to start regulating BNPL companies, such as Klarna and Affirm, and will release guidance in the future (Hannah Lang/Reuters)

[ad_1] Hannah Lang / Reuters: The US Consumer Financial Protection Bureau plans to start regulating BNPL companies, such as Klarna…

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Technology

As interest rates rise and economic growth slows, Affirm, Afterpay, Zip, Klarna, and other BNPL services are beginning to see late payments or related losses (Wall Street Journal)

[ad_1] Wall Street Journal: As interest rates rise and economic growth slows, Affirm, Afterpay, Zip, Klarna, and other BNPL services…

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Technology

Affirm partners with Stripe to bring BNPL services to businesses that use Stripe, following Affirm's recent partnerships with Shopify, WooCommerce, and others (Mary Ann Azevedo/TechCrunch)

[ad_1] Mary Ann Azevedo / TechCrunch: Affirm partners with Stripe to bring BNPL services to businesses that use Stripe, following…

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