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The global BNPL market is 560billionin2025,growingto560 billion in 2025, growing to 912 billion by 2030. Klarna just IPO’d at $19.65 billion. But every major BNPL player requires a bank account and credit bureau data — shutting out 400 million stablecoin earners entirely. Monaris is the first BNPL product built for the stablecoin economy.

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The gap

Traditional BNPL has three requirements that exclude stablecoin users: 1. Bank account required. Klarna debits your bank account. Afterpay debits your debit card. If you earn and spend in USDC, neither works. 2. Credit bureau score required. Affirm checks your credit file. If you have no FICO score — because you live in a country without credit bureaus, or because you have never had traditional credit — you are ineligible. 3. Fiat settlement only. Zero major BNPL products natively settle in stablecoins. Zero underwrite based on on-chain cashflow history. Zero let you repay from an incoming invoice. 400 million people earn in stablecoins. They have zero BNPL options.

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How Monaris is different

Monaris BNPL has three interlocking products, each serving a different moment in the financial lifecycle:

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Pay Later

Buy now from a Monaris-integrated merchant. Repay automatically from your next cleared invoice. No bank account, no debit card, no credit bureau. Your Monaris Score is the underwriting engine.

Pay Later guide

Full flow, eligibility, and approval limits.

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Invoice Advance

You have an outstanding invoice. You need the cash today. Monaris advances up to 90% immediately. Your client pays normally. Everything settles automatically.

Invoice Advance guide

Full flow, eligibility, and fee structure.

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B2B Pay Later

Your business needs to purchase services. Your vendor wants payment now. You want to pay over 60 days. Monaris pays the vendor immediately; your business repays on schedule based on your Team Score.

B2B Pay Later guide

Full flow, payment terms, and Team Score requirements.

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Why the timing is right

Three things are converging: Stablecoin mainstream moment. Stablecoin transaction volume grew 3x from 2023 to 2025. USDC and USDT are used for payroll, B2B invoicing, and cross-border payments at scale. BNPL category validation. The BNPL model is proven — Klarna, Affirm, and Afterpay have demonstrated massive demand. But they are all fiat-only and credit-bureau-dependent. Credit bureau failure. Traditional credit systems work for about half the world. The other half — earning in stablecoins, mobile money, or informal economies — is invisible to FICO, Equifax, and Experian.

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The competitive landscape

CompanyMarketSettlementUnderwriting
KlarnaConsumer, fiatBank debitCredit bureau
AffirmConsumer, fiatBank debitCredit bureau
AfterpayConsumer, fiatDebit cardCredit bureau
MonarisConsumer + B2B, stablecoinsUSDC/USDTMonaris Score (cashflow)
The category Monaris occupies — Score-backed BNPL and Invoice Advance for stablecoin-native individuals and businesses — has no other occupants.

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What makes Monaris BNPL structurally different

Repayment from invoices, not bank debits. Your next invoice clearance handles repayment automatically. No bank account needed. Cashflow underwriting, not credit bureau. Your Monaris Score is built from on-chain payment history — continuous, real-time, and globally available. Works globally. Wherever stablecoin settlement works, Monaris BNPL works. No country-specific banking infrastructure required. B2B, not just consumer. Monaris is the only BNPL product that serves both individual and business purchases with stablecoin-native settlement. Monaris Credit and BNPL products are subject to eligibility requirements including minimum Monaris Score, verified cashflow history, and transaction volume thresholds. Credit products involve risk. This documentation is informational only and does not constitute financial or legal advice. Product availability varies by jurisdiction.