BuyNowPayLater

Prudential’s PGIM Makes a Bold Move with $500 Million Investment in Affirm Consumer Loans

19 days ago

In a strategic financial maneuver that has captured the attention of investors and analysts alike, Prudential Financial's investment management arm, PGIM, has announced its purchase of $500 million in consumer loans from Affirm Holdings. This significant acquisition marks a pivotal moment in the partnership between institutional investors and fintech companies, illustrating the growing interest in alternative credit markets.

Affirm's CEO Project Optimism on Credit Quality as Holiday Season Approaches

1 month ago

As the holiday shopping season draws nearer, Affirm's Chief Executive Officer Max Levchin has expressed a confident outlook regarding the quality of consumer credit. In a recent conversation, Levchin emphasized that customer payment behaviors have shown promising trends, positioning the company favorably in the competitive landscape of buy now, pay later (BNPL) services.

Klarna Board Moves to Oust Key Ally Amid Internal Tensions

3 months ago

There's a surprise shake-up in the management currently going on in Klarna, the Swedish fintech powerhouse behind the famous 'buy now, pay later' services. The board of directors for the company reportedly aims to get rid of a central executive ally to Klarna's co-founder Sebastian Siemiatkowski. This comes in light of the growing tensions and differences in strategy within the company.

Zip Soars an Astonishing 937%, Leading Global Payment Stocks on US Prospects

3 months ago

It has been a fairy tale for Zip Co Ltd as it recorded its stock value surged upwards by 937%, an unprecedented swell that no other company in the global payments sector had matched. The astronomical rise is majorly due to the optimistic view of the company in the market in the United States.