Buy Now, Pay Later Funding Deals in 2020

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Buy Now, Pay Later Funding Deals in 2020

In the first nine months of 2020, 13 providers of buy now, pay later (BNPL) installment loans announced 18 funding deals totaling at least $2.58 billion. The monetary value of 14 of those transactions were made public and 4 deals were not. Most of those companies raised funds to more deeply penetrate the BNPL market in North America. Klarna had three rounds of funding this year totaling $1.32 billion. In January, Commonwealth Bank of Australia invested $200 million. In March, China-based Ant Financial purchased slightly less than 1% of Klarna for an estimated $468 million. U.S.-based Silver...

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