BNPL expands past its roots — that is a very good factor

Many individuals within the U.S. affiliate purchase now, pay later (BNPL) with the flexibility to repay a clothes buy or a Peloton in a number of interest-free installments. It’s additionally related to the rising concern that the technique makes it simpler for youthful adults to seek out themselves in debt after spending past their means.

However that’s just one use case for BNPL, that are basically simply small interest-free loans. There’s a growing group of startups trying to increase the BNPL mannequin into different classes which might be arguably extra essential than shopping for a brand new Apple Watch. Qomodo is one in all them.