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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

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. 

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Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

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