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 …
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