2 min read.Updated: 23 May 2022, 05:55 AM ISTNeil Borate
The platforms do not pay out any interest if you change your mind and withdraw your money
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A new generation of startups is turning the concept of ‘Buy now pay later’, or BNPL, on its head. Fintechs such as Multipl, Hubble and Tortoise operate on the ‘Save now pay later’, or SNBL, model in which users save money with merchants and benefit from the discounts that come with advance payments. All three platforms, Multipl, Hubble and Tortoise have raised funding. On 12 May, Multipl announced a pre- series round from Kotak Securities and others.