klarna

Stacy Cowley, a reporter from The New York Times, talks about how consumers are going into debt to pay for basic household needs.

Klarna has applied for a bank license in Utah, and other fintechs see traditional banking as a natural evolution.

Investors have been setting a higher bar for companies that want to go public since the IPO boom of 2021.

Klarna and Afterpay say they won’t share their data with the credit bureaus until they know it won’t harm their customers.

The payment company Klarna is partnering with the delivery service DoorDash to offer what is essentially short term credit.

Adobe’s latest forecast shows consumers are expected to spend a record $18.5 billion through buy now, pay later financing this year. That’s up more than 11% year over year.

Adobe Analytics projects that buy now, pay later loans could drive as much as $84 billion in spending in 2024. But the debt shoppers are racking up is basically hidden from credit bureaus, lenders and economists.

Subscription offers are everywhere these days. But can they work when paying later is the whole point?

Millennials are opting for plans that allow them to spread payments without accruing debt or interest.