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Venezuelan BNPL FinTech Cashea Raises $100 Million
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PYMNTS.com
Venezuela-based pay later FinTech Cashea has raised $100 million in new funding.
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The funding round comes as buy now, pay later (BNPL) products have shifted from their initial role as alternative method of payment at checkout.
Research by PYMNTS Intelligence research and PayPal found that 43% of consumers walk away from a purchase when BNPL is unavailable.
Consumers are evaluating affordability while comparing products, not simply after deciding to buy,” PYMNTS added.