Buy-now-pay-later firms switch from Gen Z shoppers to businesses

Billie and Mondu are approaching the model through a BNPL lens; offering small businesspeople a similar experience when buying office equipment as a fashionista would when buying a Gucci handbag using Klarna or Afterpay. — Dreamstime/TNS

Fresh from their shake-up of Gen Z’s shopping habits, buy-now-pay-later firms are now targeting business payments as the next sector ripe for disruption.

Startups such as Billie, Mondu, Tranch and Tillit are all offering BNPL solutions – which allow buyers to split their payments into instalments – to companies in an attempt to secure a slice of a US$700bil (RM3.12 trillion) industry that gives companies short-term loans to help them manage their daily business.