Many people in US Partner Buy Now Pay Later (BNPL) with the ability to pay for your apparel or Peloton purchase in multiple interest-free installments. It is also linked to growing concern that the strategy makes it easier for younger adults to find themselves in debt after spending beyond their means.
But that’s just one use case for BNPL, and they’re basically just small, interest-free loans. There is a growing group of startups looking to expand the BNPL model into other categories that are arguably more important than purchasing a new Apple Watch. Komodo is one of them.