There may be nothing new under the sun, but buy now, pay later (BNPL) as a trade financing solution for business-to-business (B2B) buyers and sellers is a meaningful adaptation of the concept.
How companies use installment credit diverges from consumer uses, as would be expected, and with BNPL for B2B growing, businesses are starting to learn the nuances of using it to its potential.
As TreviPay CEO Brandon Spear told it, BNPL’s rise in the consumer space is partly driven by aversion to credit cards with high annual percentage rates, with BNPL giving consumers more buying power on manageable terms. Businesses are already familiar with this idea.
“I often joke with a lot of people that the original version of buy now, pay later was…
