Fashion trade platform Reevoy Limited, which counts Better Capital, Venture Catalysts and 9Unicorns as among its investors, on Tuesday said it has secured Rs 48 crore ($6 million) from Singapore-based private debt investment firm Kilde in a fresh capital raise.
BNPL industry's meteoric rise hasn’t gone unnoticed. Apple’s announcement of its own BNPL service has shaken up the industry. The news comes when these companies face potentially increased regulation and inflation rate hikes eating into their margins. So how are BNPL providers adapting to these turbulent times? While announcing their latest partnership with Atome, CEO of Kilde, Radek Jezbera, shared how the BNPL industry is facing its most significant test yet.
The number of consumers availing themselves of the “buy now, pay later” (BNPL) payment scheme will surpass 900 million globally by 2027, up from 360 million this year, according to a new report. This growth of over 150% will be driven by the increase in demand for low-cost credit solutions on the back of the expected economic downturn.
Aleksandra Yurchenko and Michael Tsarev talked about the important work Kilde is doing in partnership with Women Impact Network to deliver more financial equality to women across Southeast Asia. Read the interview over on Disruptr MY.
The BNPL model continues its upward growth trajectory in Southeast Asia - a region with a growing middle class and a 50% of population outside the ambit of formal banking - with venture-backed startups dominating the scene. This is at the time when BNPL giants operating at mature markets globally are facing headwinds ranging from mounting interest rates, tepid consumer demand and rising debt concerns.
In this interview with the Asset, Radek Jezbera, Kilde's CEO and Co-Founder is discussing the impact of the pandemic, inflation, fintech, e-commerce and other market developments on the buy now, pay later business.
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While consolidation may be on the cards and challenges are afoot, BNPL will ultimately go from strength to strength, eventually becoming established as a mainstream payment option available to most consumers in most markets.
CEO of Kilde, Radek Jezbera, recently sat down with dailystraits.com to give some insights on what barriers retail investors face in accessing the alternative investments, and fintech’s role in helping to democratize these assets for the wider public.
In 2020, Buy Now Pay Later (BNPL) accounted for $97 billion of global eCommerce transactions, and the figure is expected to double in the coming years. KILDE is helping individual accredited and institutional investors buy into the growth of BNPL.
In this The Business Times article, Kilde's CEO and Co-Founder Radek Jezbera explores his relationship with martial arts, specifically, Aikido and Systema, and shares how they helped shape the mindset for his journey as entrepreneur.