Socure has acquired Qlarifi, marking a major advancement in the Buy Now Pay Later (BNPL) industry by creating the first real-time BNPL credit system. The acquisition combines Socure’s AI-powered identity verification and risk decisioning platform with Qlarifi’s specialized real-time BNPL credit database, forming a unified infrastructure that enhances credit access, reduces fraud, and supports regulatory compliance. BNPL has grown rapidly, now representing nearly 6% of all e-commerce transactions in the U.S. and projected to exceed $700 billion globally by 2028. However, traditional credit reporting systems were not built for the high-frequency, low-dollar, real-time nature of BNPL lending. As a result, consumers often lack a path to build credit, lenders face blind spots in risk assessment, and fraud losses continue to rise. Qlarifi, founded by former executives from Klarna and Zip, was designed to address these gaps. It aggregates real-time repayment data across multiple BNPL providers, offering lenders critical insights into consumer behavior. This enables better underwriting, helps prevent loan stacking and first-party fraud, and supports responsible lending practices. Early pilots in Europe have already demonstrated significant reductions in fraud losses. By integrating Qlarifi’s BNPL-specific data with Socure’s Identity Graph and RiskOS decisioning engine, lenders gain a comprehensive, real-time view of identity, risk, and credit behavior. This unified platform allows for faster, safer lending decisions while providing regulators with the transparency they need. “BNPL has outgrown legacy systems that were never designed for its scale and speed,” said Johnny Ayers, CEO and Founder of Socure. “With Qlarifi, we’re delivering the infrastructure the industry has been missing—enabling responsible growth, better credit access, and stronger consumer protection.” Alex Naughton, Co-founder and CEO of Qlarifi, emphasized the importance of the partnership: “We built Qlarifi to protect consumers from overextending themselves across multiple BNPL providers. Joining Socure gives us the scale, technology, and resources to deliver responsible lending at scale and prove to regulators that the industry can innovate safely.” The acquisition strengthens Socure’s position as a global leader in digital identity and risk decisioning. Its platform already serves over 3,000 customers across 190 countries, including 18 of the top 20 banks, 4 of the Mag 7, major fintechs, government agencies, and leading e-commerce and tech companies. With this move, Socure is setting a new standard for safe, low-cost, and transparent payments in the fast-evolving world of digital credit.