Is this the end of the BNPL boom?

When the economy was booming, the buy now, pay later space thrived. But as inflation and interest rates climbed, consumer-focused players in the space have struggled with increased defaults amid less discretionary spending.
Citing economic turbulence, Affirm announced last week that it was reducing its staff by 19% and shutting down its crypto unit. It also missed analysts’ estimates on revenue and earnings; Affirm’s stock plunged on the news, lowering its valuation to under $3.7 billion. (When it went public in 2021, its valuation was $12 billion.) Swedish BNPL giant Klarna has also taken a m

リンク元