PayPal Sells $7B in US BNPL Receivables to Blue Owl Capital in Two-Year Agreement
PayPal Holdings Inc. (NASDAQ:PYPL) is one of the best NASDAQ stocks to buy according to hedge funds. On September 24, PayPal Holdings and alternative asset manager Blue Owl Capital Inc. (NYSE:OWL) executed a two-year agreement. Under this deal, funds managed by Blue Owl will purchase ~$7 billion of Buy Now, Pay Later/BNPL receivables originated by PayPal in the US. This transaction aligns with PayPal’s balance sheet-light model for credit, but PayPal will retain full responsibility for all customer-facing ...