PACE
Mapping the survivors of Southeast Asia’s BNPL funding drought
At US$136 million, funding into Southeast Asia-based BNPL firms year to date is under a third of 2023’s levels.
Scott Shuey · · 5 min read
BNPL’s future on a knife-edge as ZestMoney averts shutdown
Startups in the buy now, pay later space will have to reinvent themselves amid chatter of the model’s fallout.
Samreen Ahmad · · 6 min read
In 50 Words: BNPL startup Pace voluntarily liquidates
The Singapore-based company previously raised US$46 million in disclosed funding.
Patrick Arya · · 1 min read
SG-based BNPL players launch code of conduct to self-regulate
The BNPL working group has designed the code to protect consumers from over-indebtedness and to set ethical business standards.
Qishin Tariq · · 2 min readSingapore BNPL player Pace matches 2021 earnings in one quarter
The fintech firm aims to reach US$1 billion in annualized gross merchandise value by the end of 2022.
Shadine Taufik · · 1 min readThe fintech opportunity in Pakistan’s breakout funding year
In The Top Up this week, we look at the fintech opportunity in Pakistan following a breakout year of VC funding, and the hiccup in Malaysia’s digital banking race.
Melissa Goh · · 6 min readAsian startups caught the funding bug
JD Property, FanCraze, Synspective, and more startups raised funding this week.
Nathaniel Fetalvero · · 5 min readPace acquires Rely for BNPL boost
Rely was the first BNPL player in Singapore, counting companies such as Zalora, JD Sports, and SK Jewellery Group as its partners.
Roehl Niño Bautista · · 1 min readZalora adds BNPL for SEA customers with Pace tie-up
The new payment option is currently available to Zalora customers in Singapore and Malaysia.
Kul Bhushan · · 2 min readBNPL sours in Australia, but will SEA players buck the trend?
Australian BNPL stocks have gone into a tailspin since February 2021 as the model’s defensibility and regulatory risks are called into question.
Melissa Goh · · 8 min read