A recession will test the buy now, pay later model. What it will take for these fintechs to survive

A recession will test the buy now, pay later model. What it will take for these fintechs to survive

Buy now, pay later services grew up during a time of economic stability, with demand ballooning in the early days of the pandemic as bored consumers shopped to break the doomscrolling cycle. The services — Affirm , Afterpay, Klarna and more — allowed shoppers to purchase new patio furniture, comfy clothing and other goods they …

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