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 7,922 followers
Alternative Data. Consumer-Permissioned. Powered by the Email Inbox.
About us
Cushion makes it easy for lenders, PFMs, fintechs, and FIs to access alternative data sets, with explicit consumer permission. Our alternative data sets range from Pay-in-4 Buy Now, Pay Later (BNPL) loans to SKU-level purchase details.
- Website
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https://cushion.ai/partnerships
External link for Cushion
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- San Francisco, CA
- Type
- Privately Held
- Founded
- 2016
- Specialties
- Personal Finance, Artificial Intelligence, Saving Money, and fintech
Locations
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Primary
San Francisco, CA, US
Employees at Cushion
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Paul Kesserwani
Founder & CEO at Cushion
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Chris Calder
Managing Director at Rose Park Advisors
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Rosita Sororian
Strategic Finance Leader | Driving Growth, Efficiency, and Impact in Dynamic Companies | Transforming Financial Strategy into Business Success |…
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Thomas Angsten
Machine Learning Engineer
Updates
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Huge thank you to our friends at Plaid for inviting our CEO Paul Kesserwani to share Cushion's story and how our partnership with Plaid has evolved and expanded over the years 👯♀️
Everyone wants to scale faster 📈 These 5 founders have figured out how. 💳 Cushion helps people track bills and buy now, pay later (BNPL) payments while building their credit. 🩺 The Beans helps people in caring professions manage their money and reduce stress. 💸 Positive Finance makes it easy for employees donate to causes they care about. 🏫 Wonderschool helps childcare providers start and grow their own businesses. 💼 Slope simplifies BNPL for B2B businesses. Learn more about their stories in our newest e-book: https://lnkd.in/e6j5D6kt