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According to CB Insights, there are 67 fintech unicorns with a combined valuation of $252.6 billion. And notably, standouts from this list include “buy now, pay later” companies who, as e-commerce continues to rise during the coronavirus pandemic, have experienced exponential sales.
In May, PayPal reported having 325 million active accounts, having gained 7.5 million new accounts in April alone. And in June, the company announced it has expanded its buy now, pay later solutions to France making it one of the first payment installment solutions for small businesses in France. According to data from PayPal, 84 percent of French consumers are more likely to shop again at a retailer that offers installments.
Splitit also achieved record growth during the pandemic, achieving increased conversion and average order value as online shopping rates soared. On July 8, the company announced it had processed more