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Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent


How BMW uses its mystifying Alpina brand to capture ultra-wealthy buyers who want the 'ultimate Ultimate Driving Machine'

The Alpina B7 is superior in every way to BMW's flagship 7-Series, which starts at nearly $15,000 more. BMW The $143,000 Alpina B7 is a special kind of BMW, a luxury ride that springs from 0 to 60 mph in 3 seconds. The Alpina brand seems an odd fit in BMW's broader business, but it's a clever tool for attracting very wealthy buyers who might otherwise head for a higher-end automaker. These consumers buy Alpina because they're looking for a little more elegance, sophistication and a mor...
Tags: Transportation, Trends, Luxury cars, Auto Industry, Bmw, Edwards, Alpina, Russell, Strategic Vision, BMW Individual, Burkard, Matt Russell, Jackie Jouret, Jouret, Alpinas, BI Prime


Read the memo Citi CEO Mike Corbat sent staff quoting race car driver Mario Andretti to get employees to take risk and controls more seriously

Michael Corbat, the chief executive of Citigroup. REUTERS/Arnd WIegmann On Thursday, Citigroup announced its CEO, Michael Corbat, would retire effective February 2021.  The move came after it became clear regulators were losing patience with his inability to fix risk, compliance, and technology systems, according to people familiar with matter.  One month before the announcement, Corbat sent a companywide memo to employees detailing some of those challenges and spelling out steps the manag...
Tags: Finance, Wall Street, Trends, Management, Karen, Citigroup, Mario Andretti, Citi, Mary, Jane, PACO, Michael Corbat, Corbat, Jane Fraser, Mike Corbat, Dakin Campbell


The CEO of secretive data analysis startup Palantir made over $12 million last year, and will get $800,000 in travel stipends in 2020

Palantir CEO Alex Karp Photo by Julien Mattia/NurPhoto via Getty Images In SEC paperwork to go public, secretive data company Palantir revealed its CEO Alexander Karp made $12 million last year and had a travel stipend of $600,000.Karp also was compensated for nearly $1 million for "the person use of chartered aircraft."Palantir filed IPO paperwork the day after a slew of unicorn-status enterprise tech startups filed to go public.Visit Business Insider's homepage for more stories.Palantir C...
Tags: Enterprise, Trends, SEC, Palantir, Alex Karp, Karp, Tech Insider, Stephen Cohen, Alexander Karp, Shyam Sankar, Palantir IPO, BI Prime, Julien Mattia NurPhoto, Keerthi Vedantam