Buy now, worry about it later: the future of BNPL
Buy now, pay later – is there a more apt fintech application for our times than BNPL?
Buy now, pay later – is there a more apt fintech application for our times than BNPL?
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Zopa’s “BNPL 2.0” offering will allow consumers to spread the cost of purchases worth between £250 and £30,000.
Zopa says the deal “cements and markedly enhances” its unicorn valuation.
Zopa is reportedly in “detailed negotiations” with shareholders to raise around $100m.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Andrews founded Zopa in 2004 and is currently a member of the fintech unicorn’s board.
Zopa CEO says erosion of consumer trust and regulatory burdens are to blame.
Robinson spent two years with Monzo, and 15 years at Capital One.
Featuring N26, Deel, FTX, Zopa and Brex.
The round was led by IAG Silverstripe and featured existing investors.
The range of accounts pay 1.05%, all the way up to 1.3%.
The company announced its plans to become a bank nearly four years ago.
The neobank currently holds £1.25 billion in deposits.
Zopa’s temporary licence was set to expire.
Zopa says it’s the first lender to show how it determines who to lend to.