'Buy now, pay later' companies lose their stock market luster – Nikkei Asia

Shares tank as investors reevaluate new lending sector
SYDNEY — The prospect of rising global interest rates, mounting losses and greater regulatory scrutiny has wiped tens of billions of dollars from the market value of “buy now, pay later” companies, in a stark reversal of one of the pandemic’s hottest investment trends.
The companies, which offer credit to consumers for small purchases, soared in popularity during coronavirus lockdown as people splurged online on new clothes, shoes and home furnishings.
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