SMEs ain t booming - MacroBusiness macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
Just another type of debt : Australia s struggle to regulate buy now, pay later firms theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.
BNPL Fintech Limepay Goes on Hiring Spree After Securing $21M in Capital with 7 Senior Appointments
February 5, 2021 @ 9:13 pm By Omar Faridi
Limepay, a Buy Now Pay Later (BNPL) provider, says it has gone on a “hiring spree” after securing $21 million in capital, with 7 senior hires according to a release shared with CI.
Limepay claims that it’s Australia’s “only” enterprise payments and white-label BNPL and it plans to “beef up” its team with several high-level appointments ahead of a potential ASX listing during H2 2021. Notably, this announcement has come after its pre-IPO raise amid 2020’s Christmas rush and its recent partnership with Domain (ASX: DHG).
More customer checks on cards as Afterpay, Zip caught in UK crackdown
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Afterpay and Zip Co could be forced to conduct more detailed checks on United Kingdom customers, potentially dampening the industry’s growth after a government review said the buy now, pay later (BNPL) boom was putting some customers at risk.
As usage of BNPL products surges, investors expect some amount of regulation, and a review for the UK’s Financial Conduct Authority (FCA) said there was an urgent case for protecting consumers. Buy now, pay later providers offer instalment loans to shoppers, charging merchants or consumers a fee for the service.