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Affirm buy now pay later vendor discusses loans, delinquencies

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A young man holds a credit card and uses a laptop for online shopping. Diy13 | Istock | Getty Images Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to Affirm Chief Financial Officer Michael Linford. The fintech firm uses the hour a consumer attempts … Read more

BNPL vendor Splitit strikes to go personal in change for recent funds

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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