Last week, our Founder & CEO, Paul Kesserwani, spoke at the main stage of Money20/20 to share a bit about the evolution of Buy Now Pay Later (BNPL) and the impact it’s had on consumers’ lives. It all started in 2020 when Paul was broke, saving up every penny he earned for an engagement ring, and had no choice but to lean on BNPL to furnish an apartment. After financing a mattress through Klarna, a Ring doorbell through Affirm, and a few other items - he was completely overwhelmed. Pay this loan in 6 payments, pay that one in 4. This payment is due weekly, that one is due monthly. This loan has interest, that one does not. It turns out he wasn’t the only one struggling. Cushion’s customers were also leaning on BNPL, and not just for furniture and electronics. They were financing Uber rides, groceries, DoorDash meals, and more. BNPL has evolved from something you used online, that one time, for an expensive purchase to a staple in consumers’ daily lives. As a result, consumers need to factor their BNPL loan payments into their monthly budgets alongside the rest of their bills, utilities, and subscriptions. In other words, BNPL is the new bill on the block. That’s why the team at Cushion has spent the past two years building for this new, more complicated, world of bills. We offer consumers a one-stop-shop to manage, pay, and build credit with both their existing bills and BNPL payments. #buynowpaylater #bnpl #billpay #money2020 #founderjourney
Cushion
Financial Services
San Francisco, CA 7,893 followers
Reimagining the way you manage and pay your bills!
About us
At Cushion, we don’t settle for the way things are. We create the way they should be. We obsess over your bills so you don’t have to. Cushion is backed by some of the best fintech funds, including Flourish Ventures and Vestigo Ventures, as well as the founders of companies such as NerdWallet, Funding Circle, and Earnest.
- Website
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https://cushion.ai
External link for Cushion
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- San Francisco, CA
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Personal Finance, Artificial Intelligence, Saving Money, and fintech
Locations
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Primary
Get directions
San Francisco, CA, US
Employees at Cushion
Updates
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Our very own Founder & CEO, Paul Kesserwani, joined Reginald C. Young on the Fintech Layer Cake podcast to unpack the ever-evolving Buy Now, Pay Later landscape. To learn more about Cushion’s pivotal role in simplifying bill payments and credit building amidst the complexities of BNPL, listen to the full podcast here 👇 https://lnkd.in/g-8crczQ #fintech #podcast #startup #buynowpaylater #bnpl #billpay
Had way too much fun chatting with Reginald C. Young about the evolution of Buy Now Pay Later, how BNPL stacks up against traditional credit cards, credit building, regulation, and a whole lot more... we even busted a few myths 🪄 Check it out 👇 https://lnkd.in/g-8crczQ Huge thank you to Lithic for being such a great partner to Cushion. #bnpl #payments #consumerfinance #fintech
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Our CEO and Founder, Paul Kesserwani, presenting at TruStage Fintech Summit 2023! A huge thank you to TruStage for being a great investor in Cushion and giving us the opportunity to share our story with some of the top Credit Unions in the country. We’re incredibly proud of the work we’re doing to help consumers get a better handle on their bills and Buy Now Pay Later with our first-of-its-kind solution. 🚀 #creditunions #buynowpaylater #bnpl #startup #fintech #billpay
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