Affirm CEO Max Levchin (Photo by Neilson Barnard/Getty Images for New York Times) gettyOBSERVATIONS FROM THE FINTECH SNARK TANKBuy Now, Pay Later (BNPL) purchases are hot. In an article titled 'Buy now, pay later' plans are exploding — but are they risky?, Yahoo! reported:“Buy Now, Pay Later (BNPL) services are gaining traction, as Americans are still feeling the financial pinch from the pandemic.”What Explosion? But that doesn’t apply to all BNPL users, and ignores another important fact: Four in 10 BNPL users said they used the service to purchase products costing less than $100. Buy Now, Pay Later Winners and LosersThe provider landscape battling it out for the $24 billion in BNPL-related purchase volume in the US is crowded.

Source: Forbes November 22, 2020 16:52 UTC