Connecting the dots in FinTech... European News的动态

The UK market has not been kind to foreign fintechs in recent years. N26, Robinhood, Holvi and Lydia have all pulled out. The latest to throw in the towel is Australian buy, now pay later (BNPL) startup Openpay In an interview with Sifted, interim CEO Ed Bunting says the company’s closing shop to its retail customers in the UK three years after entering the market. He says the company had consulted its UK employees, all 31 of whom will be made redundant by September. “What UK customers will notice is that we’re not going to be offered at the point of sale for a lot of the places that they’ve been accustomed to,” Bunting tells Sifted. Openpay will still offer a couple of longer-term repayment plans for dental procedures and car repairs in the UK through “strategic partnerships”, he says. Openpay’s change in strategy is a sign of just how competitive the market has become in the UK mostly due to the dominance of Europe’s most valuable private company: Klarna. Read the full Sifted article written by Amy O'Brien through the link in the comments below. ?? #fintech #fintechnews #payments #bnpl #buynowpaylater #digitalpayments #onlinepayments #paymentservices #financialtechnology #financialservices #financialsolutions