Buy now, pay later (BNPL) lenders such as Swedish giant Klarna and Clearpay face greater scrutiny in the UK under government plans to regulate them more like mainstream banks.
News
May 19, 2025
UK promises crackdown on ‘wild west’ of buy now, pay later companies
Startups like Klarna and Clearpay face greater scrutiny under the new rules
2 min read
Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

Sifted Daily newsletter
Stay one step ahead with news and experts analysis on what’s happening across startup Europe.
Recommended
Cleo CEO teases IPO after AI fintech doubles revenue
The company’s annual results reveal a previously undisclosed fundraise from existing investors
Klarna joins Revolut and N26 in bid to take on big telecom with mobile phone plans
Klarna is the latest fintech to take on the telecoms industry with mobile phone plans
Sequoia, Greylock and Nik Storonsky’s QuantumLight invest $90m into fintech for overseas diasporas
Founded by Stanford University dropout Parth Garg, Aspora has ambitious plans to become the go-to financial app for the Indian diaspora


