Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing C round that values the fintech at $1 billion. Saudi asset manager and financial institution SNB Capital and Sanabil Investments, a wholly-owned company by Saudi’s sovereign wealth fund Public Investment Fund … Read more
Many people in the U.S. associate buy now, pay later (BNPL) with the ability to pay off a clothing purchase or a Peloton in multiple interest-free installments. It’s also associated with the growing concern that the strategy makes it easier for younger adults to find themselves in debt after spending beyond their means. But that’s … Read more
Because the purchase now, pay later (BNPL) market continues on its gradual decline, one of many main gamers, Splitit, is embarking on an effort to reorganize and pivot. Splitit in the present day introduced that it has a $60 million “capital dedication” from strategic traders together with Thorney Funding Group, Parea Capital and Motive Companions. … Read more