Storyboard

'Buy Now, Pay Later' Startups Are Popular, But Users Face Financial Risks

Affirm, Afterpay, and other similar tech companies that provide short-term financing services are doing good business this year. They're either being acquired for billions of dollars or striking partnerships with the likes of Amazon, PetSmart and IKEA. But even though BNPL is available to consumers, it's not always a good thing. A study from Credit Karma found one-third of U.S. consumers fell behind on their payments. Here's what you need to know about "Buy Now, Pay Later."

Avatar - The Tech Desk
Curated by
The Tech Desk
    • Finance
    • Consumer Credit
    • FinTech
    • Personal Finance
    • Shopping
'Buy Now, Pay Later' Startups Are Popular, But Users Face Financial Risks
Continue to read
15 stories in this Storyboard
    What Is Buy Now, Pay Later?

    What Is Buy Now, Pay Later?

    Like its name suggests, "buy now, pay later" lets you make a purchase and receive it immediately but pay for it at a later time, usually over a …

    BNPL everywhere

    BNPL everywhere

    verified_publisher
    TechCrunch - Anna Heim

    Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here. Hello everyone – Anna here, covering for Alex who’s enjoying …

    Notable 'Buy Now, Pay Later' Services

More stories from Finance