BNPL

Enterprise, Fintech

Revolutionize Your Ride: Zaver Secures $30 Million to Bring Buy-Now-Pay-Later Option to Porsche Enthusiasts

Zaver now has $30 million to make it a realityWe last checked in on Zaver, a Swedish B2C Buy-Now-Pay-Later (BNPL) provider in Europe, when it raised a $5 million funding round in 2021. The company has now closed a $10 million extension to its Series A funding round, bringing its total Series A to $20 million. Total investment to date stands at $30 million. In Europe, Zaver competes on BNPL with Klarna, PayPal, and incumbents such as Santander and BNP Paribas. However, Zaver’s schtick is it claims it can assess the risk on BNPL cart sizes of up to €200,000 in real time due to its risk assessment algorithms.

Kira Kim
March 28, 2024

Enterprise, Fintech, Venture

Tamara, Saudi Arabia’s Shopping and BNPL Platform, Achieves $1B Valuation in $340M Series C Funding Round

Tamara, a buy now pay later platform for consumers in Saudi Arabia and the wider GCC region, has raised $340 million in a financing C round that values the fintech at $1 billion. Both startups, albeit competitors, highlight the surging growth in BNPL usage, particularly in Saudi Arabia, the market that makes up more than 80% of Tamara and Tabby’s customer base. “Saudi Arabia and the GCC deserves its place on the world stage for financial technology. Before launching Tamara, Alsukhan co-founded Nana, a digital grocery shopping platform where he was the chief financial officer for three years. Tamara is also allocating part of the investment to introduce new products and services beyond BNPL and capitalizing on opportunities in shopping and financial services across Saudi Arabia and the GCC.

Dylan Williams
December 18, 2023

Crypto

BNPL Boom Coming to an End?

Is this the end of the BNPL boom? • TechCrunch

The buy now, pay later space was once a thriving place for consumers. However, as inflation and interest rates climbed, players in the space have had to deal with increased…