Monzo’s ‘Flex’ card has helped the London fintech build a 20% stake in the UK’s Buy Now, Pay Later market, new research has found.
The credit card, which allows customers to spread the cost of purchases over three months interest-free, has transformed the firm into a major provider of BNPL credit since the launch of the card in late 2021, going from almost zero to 20% of the market in one year, according to an analysis by credit technology company Render.
