FOREWORD BNPL AND THE BURSTING BUBBLE
“ Tumbling it back to unicorn rather than decacorn status in just a matter of weeks ”
Not too long ago , Klarna announced that it had lost a staggering US $ 40bn from its valuation . The fall from grace was seemingly epic – tumbling it back to unicorn rather than decacorn status in just a matter of weeks .
But as stories go , it ' s not an unexpected tale . And it ' s also a visible sign of the reshaping process for an industry that bubbled due to an unnatural period of spending and sudden digitisation .
BNPL companies are now in a period of maturation where new regulations will result in more circumspect decision making , and competition in the marketplace will result in a healthier environment for the customer .
Today , the development of embedded finance is transforming the space again , providing companies with the ability to manage their own BNPL offerings directly to the customer . These are exciting times !
Within this latest issue , we are exploring incubators and accelerators , banking technology and the move into the cloud – including what that means for financial services – and much , much more .
We hope you enjoy this month ’ s magazine .
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