The article discusses how private credit is underwriting the Buy-Now-Pay-Later (BNPL) boom, with potential risks flagged in the private-credit/BnPL funding link. It highlights concerns for borrowers around leverage and underwriting quality, implying growing downside tail risk even if growth continues.
The article discusses how private credit is underwriting the Buy-Now-Pay-Later (BNPL) boom, with potential risks flagged in the private-credit/BnPL funding link. It highlights concerns for borrowers around leverage and underwriting quality, implying growing downside tail risk even if growth continues.
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