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Buy now, pay later pioneer says it expects to be profitable again by end of year
Swedish fintech says it is on track to return to profit this year
Once-flying Swedish payments group is trying to turn things round by laying off staff and tightening lending
Venture capital fundraising hit a record-high. Now, the bonanza is over. What does that mean for the future of start-ups?
Plus, African and Latin American fintechs have lessons for the US and EU
Claims to superior credit judgment are so much hot air until tested by a few tough years of trading
Swedish group’s falling valuation highlights problems facing buy now, pay later sector
Digital companies that boomed during lockdowns hit by fears they cannot withstand a recession
The sector, and investors, may be trying to maintain business as usual — but a messy unwinding is under way
Sequoia’s Michael Moritz says investors are in ‘their bunkers’ and prices will recover
Blame fickle shareholders, says biggest shareholder
Plus, Klarna becomes the poster child of the private markets meltdown and a highly leveraged Chinese tycoon battles the property bond rout
Swedish fintech’s decline highlights how investors are souring on ‘buy now, pay later’ sector
Valuations have collapsed even faster than they climbed, making fresh funding hard to come by
Buy now, pay later company’s struggle underscores challenges facing the sector
BNPL companies face rising interest rates, default risks and threat of tighter regulation
Industry operators are money lenders and should be treated as such before it blows up in all our faces
High energy bills and rising inflation have raised doubts about a sector that relies on consumers who might struggle to meet repayments
Tether’s Bahamas bank, Top Gun’s top takings, Xiaomi’s new TVs
Europe’s most valuable private tech business forced to cut staff as losses mount
Buy now, pay later pioneer faces one of the biggest challenges in its 17-year history
CEO blames Ukraine war, volatile stock market and rising inflation for ‘hardest’ announcement bank has made
Sector spends heavily on customer acquisition which means funding rounds are usually vital not optional
Swedish fintech moves to address concerns about consumer financial wellbeing
Swedish ‘buy now, pay later’ start-up posts jump in credit defaults as it pushes into new markets
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