Today in retail, Mattel considering whether to sell after making a full corporate turnaround while Optty rakes in $9 million to roll out a new buy now, pay later (BNPL) provider platform.
Plus, high fashion takes on more experimentation through its digital transformation, Walmart doubles its gas discount offer and Ted Baker is combing through multiple buyout proposals as it considers whether to sell.
Optty Gets $9M to Launch BNPL Provider Platform
Singapore-based FinTech Optty announced Wednesday (April 27) it has raised $9 million in “stealth” to develop an integration platform to let retailers offer customers multiple BNPL options.
The new platform will “revolutionize the fast-growing [BNPL] sector with transparency, simplicity, and speed. Optty customers are using the platform to increase conversions and give shoppers more choice,” the company said in its announcement. The platform is available in 59 countries using 36 currencies.
Optty said its platform is already handling 185 integrations with 41 BNPL providers including Afterpay, Affirm, Grab, Klarna, Scalapay and Zip. The company said it expects that the platform will be capable of integrating “more than 100” BNPL brands and digital wallets by 2023.
Klarna Teams With Global-e for Canadian Expansion
Klarna, a digital retail bank and BNPL firm, is extending its global partnership with cross-border eCommerce provider Global-e to expand its installment payment services to Canada.
Merchants selling in Canada…
