At a time when Buy Now Pay Later companies have disrupted the Australian credit economy, Cash Converters (ASX: CCV) is making a strong comeback in the personal finance sector having transitioned away from their image as opportunistic pawnbrokers. The renaissance of Cash Converters which has increased marketing spend, evidenced through television advertising that features prominent
Read More
Where annual expenses such as vehicle registration and insurance can be hefty charges when due for renewal, fintech company Payright (ASX: PYR) has launched its new Bill Smoothing product enabling users to pay off these expenses over 3 months. The Buy-Now-Pay-Later functionality enables users to capitalise on discounts offered by service providers when paying the
Read More
With plans in motion to secure more of the buy-now-pay-later market in North America, Sezzle (ASX: SZL) will be able to extend its BNPL services thanks to a new USD $250 million credit warehouse from Goldman Sachs Bank USA and Bastion Funding. The new debt warehouse facility will replace Sezzle’s existing $100m facility while extending
Read More
Capitalising on the buy-now-pay-later trend which is rapidly expanding globally, fintech company IOUpay (ASX: IOU) is set to get a big boost through South-East Asia via a new partnership with EasyStore and its 7,000 merchants. Established in 2013 as an online shopping site, Malaysia-based EasyStore processed approximately $435 million from online customer sales in 2020
Read More
Seeking to increase their buy-now-pay-later services, Sezzle (ASX: SZL) is entering the neo-lending space in the United States through a partnership with Ally Lending, a lending division of Ally Financial (NYSE: ALLY), which offers payment plan loans up to USD $40,000. The partnership will enable Sezzle to significantly increase the purchasing power of its BNPL
Read More
Millennials have suddenly become the centrepoint of the financial services universe where it now seems that unless you use sexy buzz terms like ‘interest-free’ and ‘easy repayments’, you have no chance of wooing them. So now starts the game of ‘how we can make money from them in any method other than interest charges?’ Which
Read More