PayPal and KKR enter into €3bn deal for BNPL loan portfolio
PayPal Holdings has entered into a multi-year exclusive agreement with global investment firm KKR for a €3 billion replenishing loan commitment. Under the deal, KKR-managed private credit funds and accounts will purchase up to €40 billion of PayPal-originated buy now, pay later (BNPL) loan receivables from five European countries, which include France, Germany, Italy, Spain, […]