Many individuals within the U.S. affiliate purchase now, pay later (BNPL) with the power to repay a clothes buy or a Peloton in a number of interest-free installments. It’s additionally related to the rising concern that the technique makes it simpler for youthful adults to search out themselves in debt after spending past their means.

However that’s just one use case for BNPL, that are basically simply small interest-free loans. There’s a rising group of startups seeking to increase the BNPL mannequin into different classes which can be arguably extra vital than shopping for a brand new Apple Watch. Qomodo is one in every of them.