Pace in liquidation, as yet another BNPL player falls by the wayside

ANOTHER buy now, pay later (BNPL) player has shuttered, with Pace liquidating its business.

The startup filed for voluntary winding up in August, according to filings with the Accounting and Corporate Regulatory Authority of Singapore. The inability to continue due to liabilities was cited as the reason for voluntary winding up in a resolution signed by founder and chief executive Turochas Fuad.

The Business Times has reached out to Fuad for comment.