Private equity firm KKR will buy as much as €40 Billion of PayPal’s buy now, pay later loans originated in Europe, PayPal said Tuesday. The deal will cover “substantially all” of PayPal’s existing buy now, pay later loans in Europe, as well as future eligible loans. PayPal will remain responsible for the customer-facing facets, such as underwriting and servicing, of those European BNPL products....
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What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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