Tag: Affirm
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Klarna CEO Welcomes Apple’s Entry Into Buy-Now-Pay- Later!
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Klarna CEO Sebastian Siemiatkowski called the entry of Apple into the Buy-Now-Pay-Later space is an “amazing” development that underlines the value of the business model. He added that the business model itself is “extremely recession-proof” because it relies on smaller balances for consumers and has an underwriting structure that is…
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Apple Announced Buy-Now-Pay-Later Service To Compete Against Klarna Et Al!
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Apple unveiled its “Buy Now, Pay Later” service, which will operate out of a wholly-owned subsidiary called Apple Financing LLC. The company has the necessary state lending licenses to offer the feature. The new service will make financial services a deeper part of its ecosystem. Apple has to compete against…