Eric Johansson / Verdict:
London-based buy now, pay later startup Tymit raised a £23M Series A led by retailer Frasers Group — Late fees and a white label credit card are two of the things that make Tymit stand out in the increasingly crowded buy-now-pay-later market. — The buy-now-pay-later (BNPL) industry has had a really bad 2022.
Lauren Goode / Wired:
An interview with Max Levchin on Affirm, the US CFPB’s inquiry into BNPL services, problems with credit cards, the current economic environment, and more — The PayPal cofounder on why his “buy now, pay later” company Affirm is a healthier way to borrow, what caused the techlash, and Elon Musk’s Twitter.
Hannah Lang / Reuters:
The US Consumer Financial Protection Bureau plans to start regulating BNPL companies, such as Klarna and Affirm, and will release guidance in the future — The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings …
Wall Street Journal:
How HBO Max, Prime Video, and other streamers are trying to grow in a crowded market, including, sources say, via discounted bundles and deals with rivals — In a crowded marketplace, Amazon, HBO Max and other streamers explore discounted packages and partnerships with rivals
Ingrid Lunden / TechCrunch:
Boston- and London-based Zoe, a nutrition and health tracking app, raised £25M led by Accomplice at a £209M valuation, after closing a £48M Series B in May 2021 — Zoe, a startup founded by doctors and researchers out of London and Boston, made its name during the pandemic …
Byron Kaye / Reuters:
An Australian court fined Uber A$21M for threatening cancellation fees it never charged and overstating fare estimates on some rides; ACCC sought a A$26M fine — An Australian court fined Uber Technologies Inc (UBER.N) A$21 million ($14 million) on Wednesday for threatening cancellation fees …
Jeffrey Dastin / Reuters:
Palantir signs a three-year, £75M deal with the UK’s defense ministry, providing software to prompt real-time military actions and predict potential results — Palantir Technologies Inc (PLTR.N) has signed a three-year, 75 million pound ($91.39 million) deal with the United Kingdom’s Ministry …
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