Paylater news
PayLater is a popular fintech company that offers buy now, pay later (BNPL) services to consumers. Here are some recent news and updates about PayLater:
Recent Developments:
- Expansion into new markets: PayLater has expanded its services to new markets, including the United States, Canada, and Australia.
- Partnership with merchants: PayLater has partnered with several major merchants, including online retailers and brick-and-mortar stores, to offer its BNPL services to their customers.
- New product offerings: PayLater has introduced new product offerings, such as a credit card and a personal loan, to its customers.
- Increased funding: PayLater has received significant funding from investors, including a $100 million Series C funding round in 2022.
Industry Trends:
- Growing demand for BNPL: The demand for BNPL services is growing rapidly, driven by the increasing popularity of online shopping and the need for flexible payment options.
- Competition in the market: The BNPL market is becoming increasingly competitive, with several fintech companies, including PayLater, vying for market share.
- Regulatory scrutiny: The BNPL industry is facing regulatory scrutiny, with governments and financial regulators seeking to ensure that BNPL services are transparent, fair, and safe for consumers.
Recent Press Coverage:
- Forbes: "PayLater Raises $100 Million to Expand Buy Now, Pay Later Services" (2022)
- The Financial Brand: "PayLater's Buy Now, Pay Later Service Now Available in the US" (2022)
- Business Insider: "PayLater's CEO on the future of buy now, pay later and why the company is expanding into new markets" (2022)
Recent Awards and Recognition:
- **PayLater was named one of the "Top 10 Fintech Companies to Watch" by CB Insights in 2022.
- **PayLater was recognized as one of the "Best Places to Work" by Glassdoor in 2022.
Please note that the news and updates provided are subject to change and may not be comprehensive.