The Briefing: Buy Now, Pay Later Firms Face Scrutiny, HungryPanda Raises $130M, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Buy now, pay later firms face scrutiny by US watchdogs

Companies offering buy now, pay later financing services to consumers are facing scrutiny from the U.S. Consumer Financial Protection Bureau.

The agency said Thursday it is seeking information from Affirm, Afterpay, Klarna and PayPal on the risks and benefits of their products. The news sent shares of several publicly traded players in the space sharply lower.

— Joanna Glasner

HungryPanda picks up $130M

London-based HungryPanda, an Asian food delivery startup, raised $130 million in new funding led by Perwyn to expand its business delivering meals and groceries. In total, the company has raised $220 million since its founding five years ago, per Crunchbase data.

— Joanna Glasner

Funding round

Hevo lands $30M for data platform: San Francisco and Bangalore-headquartered Hevo, developer of what it describes as a fully managed, automated data pipeline platform,  raised $30 million in a new financing round led by Sequoia Capital India, according to a TechCrunch report.

— Joanna Glasner

Illustration: Dom Guzman