Apple Pay Later: iOS 16 feature lets iPhone users BNPL; & more

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NEWS HIGHLIGHT

Apple Pay Later is an iOS 16 feature that lets iPhone users Buy Now, Pay Later. The imminent release of iOS 16 for iPhone will add a new "buy now, pay later" feature to Apple Pay, the iPhone's mobile-payment app. Apple Pay is bundled with Apple Wallet, the iPhone's digital wallet app that also features Apple Card and Apple Cash. The first payment is due when you make your purchase, and the remaining payments are due every two weeks after that. Link here.

FINTECH NEWS

#Insights

• Canadian fintech investment plummets. Canadian fintechs saw US$810M in total investment across 85 deals in the first half of 2022, down from US$1.9B in the second half of 2021. Link here


• Embedded lending enchants investors. KarmSolar, provides smart, connected utility platforms, has hired Synergy Consulting as an advisor as it seeks to sell a minority stake. Link here


• KPMG's report Pulse of Fintech H1 2022: Fintech investment dropped in both the Americas and EMEA, while the Asia-Pacific region attracted a new record high. Link here

#DoneDeal

• Stack raises $2.7m to educate about crypto. The app was designed with Gen Z in mind, a generation that will grow up with the blockchain and most likely own some kind of digital assets. Link here


• Marcelo Claure invests in Credix’s Series A. Claure said, he intends to invest in real estate, gaming, blockchain, electric vehicles, artificial intelligence and both public and private companies. Link here