Private equity group sets up vehicle that will allow US fintech to sharply lift its lending
Move comes as borrowing method comes under great regulatory scrutiny
‘Buy now pay later’ group becomes more reliant on loans amid plummeting share price
BNPL begins to break.
Companies that expanded quickly last year now face competition and regulatory pressures
‘Buy now, pay later’ company posted partial results to Twitter before market close
Regulators around the world focus on threat of rising indebtedness from payment method
BNPL soared in popularity during the pandemic but regulators are starting to worry about the potential for consumer harm
Affirm’s deal with Amazon is a ‘massive customer expansion opportunity’ but profits may be years away
Innovative credit is clever and useful but in urgent need of proper regulation
Consumer lender led by PayPal co-founder Max Levchin valued at more than $23bn
The US ‘buy now pay later’ specialist is facing rivals such as Klarna and Afterpay in its home market
Plenty of fintechs have made big promises about using technology to take on big banks only to fizzle out
JPMorgan launches a challenger to Affirm, the US consumer finance start-up
