Fintech Research

Nov

What Klarna filing for an IPO says about BNPL

We remember when Swedish payments firm Klarna was valued at US$46 billion back in June 2021. Unsurprisingly, leading the charge in funding the company was SoftBank, which has a tendency to make losing bets on tech startups. At the time, investors were ecstatic about buy now, pay later (BNPL), which…

Nov

Fintech Research

Nubank sees profit surge in Q3

Brazil’s Nubank had a strong third quarter in which its adjusted net profit reached US$592 million, beating the US$559 million expected by the London Stock Exchange Group. The Brazilian online lender’s annualized non-adjusted return on equity, a measure of profitability, reached a record 30%. According to Reuters, the profitability increase…

Oct

Fintech Research

The end may be near for Investree

On October 22, Indonesia’s Financial Services Authority (OJK) revoked the business license of peer-to-peer lender Investree and ordered it to shut down all operations. The OJK’s decision deals a potentially lethal blow to the troubled P2P lender, which has been unable to recover from severe fraud allegations against its founder…

Contact Info