Category: Digital Lending and Credit

November 13, 2023

Specifically, Klarna is expanding its self-service advertising platform, ‘Ads Manager’, in the UK and Sweden. This will enable better engagement between retailers and high-intent shoppers. Then across the pond, Klarna has made ‘Creator Shops’ live in the US, in turn […]

October 9, 2023

The round also saw participation from existing Japan-based investor SBI Holdings, and succeeds the platform’s $23.5 million Series C of March 2020, which was led by MUFG Innovation Partners and Bank Rakyat Indonesia Ventures. As part of the round, Investree […]

September 8, 2023

In its recent Big Ask survey, “a good job” was the top future priority among 69% of nine to 17 year olds. 37% of this age group said that not getting a good job was a worry, with girls and […]

August 22, 2023

The BNPL feature adds another way Koverly is helping businesses pay each other. This is in addition to reduced foreign exchange rates (up to 50 per cent less) and no wire transfer fees (enabling firms to save up to $40 […]

July 27, 2023

Upgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million in cash and stock. It’s likely not the exit Uplift […]

July 6, 2023

The London-based firm says it is working with the BofE to “design a privacy-preserving identity layer” for a possible digital pound. The agreement would see the design and deployment of a secure system that “prevents tracking and correlation of transactions […]

May 25, 2023

The collaboration comes as Saudi Arabia‘s digital payments ecosystem undergoes a rapid transformation in line with the country’s Vision 2030 initiative, which aims to increase cashless transactions to 70 per cent by 2025. Through the partnership, D360 Bank customers can […]

May 5, 2023

Apple’s newly launched high-yield savings account has reportedly attracted around $1 billion in deposits within its first week. The Apple Card savings account, launched in April in partnership with Goldman Sachs, offers US consumers a high-yield annual return of 4.15% […]

May 5, 2023

The U.S. economy is struggling with a trifecta of challenges: soaring inflation, steep interest rates, and a banking industry in disarray. Since Silvergate Bank’s announcement on March 8, 2023, that it would cease operations and liquidate its assets, the country […]

May 2, 2023

A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF’s Kristalina Georgieva erred on the side of caution regarding retail CBDCs in […]

March 23, 2023

Romain Mazeries, CEO of Mangopay, describes WhenThen as “a strategic asset” for the firm’s growth plans. Mangopay, which is a platform-specific payment infrastructure provider, says WhenThen’s payment acceptance technology and “global connectivity”, will help Mangopay “rapidly scale its entire payment […]

March 23, 2023

Cross River provides technology infrastructure such as scalable embedded payments, cards and lending solutions to “millions” of consumers and businesses. The company’s embedded solutions and customisable APIs will be utilised to power Pay.com’s international expansion, giving businesses and merchants access […]

March 8, 2023

More consumers than ever are embracing digital methods to pay bills. In our research we found that 54% pay using the biller’s website, 33% use the biller’s mobile app, and 8% pay remotely using cash at a retail location. What’s […]

February 22, 2023

BNPL offers a lifeline for some and flexibility for others, and there is an argument that it broadens financial inclusion. Research conducted by Divido in February 2023 suggests that almost three fifths of British consumers (58%) believe point-of-sale (POS) financing […]

February 9, 2023

Openpay announced a new quarterly record in Q2 of FY2023, growing its revenue to A$10.1million. This was in addition to the total transaction volume (TTV) growing by almost 50 per cent to A$126million, in comparison to the previous 12 months. […]

February 7, 2023

In an announcement to the Australian Stock Exchange (ASX), the firm says it will “work closely with Openpay’s employees, merchants and customers to urgently determine the appropriate strategy for the business”. It adds customers are currently no longer able to […]

January 30, 2023

Simon York, HMRC’s outgoing head of serious fraud, recently said that tax evasion was “much more complex, more sophisticated, more international and more digitally enabled”, while adding that HMRC will now be actively pursuing enablers of evasion. Interestingly, both financial […]

January 19, 2023

The Buy now pays later platform market is predicted to increase at a CAGR of 22.8% from 2023 to 2033, from US$ 9.1 billion in 2023 to US$ 70.9 billion in 2033. E-commerce Market Offers Consumer Diverse BNPL Options Customers […]

January 12, 2023

Until now, Orka Ventures has focused mainly on providing web-based consumer loans. However, with changing consumer demand for more agile service delivery and Orka Ventures’ evolution into a neobank, it will now leverage agile modular processing and compliance capabilities from […]

December 28, 2022

Pakistan’s markets regulator issued new guidelines for digital lending in the country, cracking down on several sketchy practices that it said have become prevalent in the South Asian market. The Securities and Exchange Commission of Pakistan said Wednesday evening that […]