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Search Many Buy Now, Pay Later or BNPL Fintechs in Australia are Not Properly Regulated, which Poses Serious Risks, Industry Exec Claims Grant Halverson, CEO and MD at McLean Roche Pty Ltd, has noted that Fintech-related risk has increased dramatically this year and has been “aided by ‘free’ central bank money, exuberant VCs, private equity and run away share markets.” Zip will be raising as much as $150 million in capital to expand its operations globally. Many of these so-called BNPL products are not well regulated (or even unregulated) in Australia and New Zealand, Halverson claims. He also mentioned that Australian investors are increasingly investing or have expressed an interest in publicly listed BNPL businesses. Meanwhile, Australian banks who manage securitized receivable programs are “at risk” and investors (mostly VCs) could be at risk for investing in private BNPL companies, Halverson noted.

Czech republicUnited statesNew zealandUnited kingdomNational consumer credit protectionMclean roche pty ltdAustralian buy nowPay laterFintech zipNational consumer credit protection actContracts actசெக் குடியரசுஒன்றுபட்டது மாநிலங்களில்புதியது ஜீலாந்துஒன்றுபட்டது கிஂக்டம்தேசிய நுகர்வோர் கடன் ப்ரொடெக்ஶந்