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BNPL for business is a high stakes proposition

October 24, 2022

As valuations of consumer-focused buy now-pay later (BNPL) companies fall amid concerns of a potential recession, many investors and fintech startups are redirecting their attention to BNPL for businesses, or B2B BNPL. Businesses, it would seem, are a much more lucrative clientele for BNPL services. But there are high stakes involved and some important considerations for emerging fintechs before diving in.

The insidious fraud threat: Account takeover is the most popular type of BNPL fraud — when an unauthorized user takes over an existing BNPL account and makes purchases. As B2C BNPL took off during the pandemic, so, too, did fraud attempts, growing 66% between 2020 and 2021.

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