Many Buy Now, Pay Later or BNPL Fintechs in Australia are Not Properly Regulated, which Poses Serious Risks, Industry Exec Claims
Search Many Buy Now, Pay Later or BNPL Fintechs in Australia are Not Properly Regulated, which Poses Serious Risks, Industry Exec Claims Grant Halverson, CEO and MD at McLean Roche Pty Ltd, has noted that Fintech-related risk has increased dramatically this year and has been “aided by ‘free’ central bank money, exuberant VCs, private equity and run away share markets.” Zip will be raising as much as $150 million in capital to expand its operations globally. Many of these so-called BNPL products are not well regulated (or even unregulated) in Australia and New Zealand, Halverson claim...
Source: crowdfundinsider.com