SWIG Finance

🎉 We’d like to take a moment to highlight our Associate Business Manager, Adele Jones who has hit the £1m lent milestone since joining the team in 2023!

Thanks to Adele, 24 small businesses have been supported with £1.2m in funding. Well done, Adele – keep up the hard work.

The biggest change in UK shopping credit: the FCA's regulation of BNPL is a significant milestone for responsible lending.

As of tomorrow, Klarna, Clearpay (Afterpay) and PayPal will become FCA-regulated. Affordability checks will apply to every purchase.

Stronger affordability checks, enhanced consumer protections and more transparent credit reporting will help ensure customers can access credit in a way that is both sustainable and informed.

While BNPL remains a useful payment option for many, these changes reinforce an important principle: lending should be accessible, but also responsible.

Insight HQ has outlined the key changes and what consumers should do next:

https://insighthq.uk/bnpl-regulation-uk-july-2026/?fbclid=IwVERDUATC7XdwZG9mAWV4dG4DYWVtAjExAHNydGMGYXBwX2lkCjY2Mjg1NjgzNzkAAR6ghgGQuESeR9bEiYyLEr1AO782A5CF8iMdru7dNOeTYpB12z-6BwvSmrTK3A_aem_ZpgDTuoVQgsqfaX2IgFA5Q

Klarna and Clearpay: What UK Shoppers Must Know Now From 15 July 2026, Klarna, Clearpay and PayPal become FCA-regulated. Affordability checks apply to every purchase. Here is what changes and what to do now.

⭐ ⭐ ⭐ ⭐ ⭐ We love hearing your wonderful feedback for our team. Well done to our Start Up Loans Senior Officer Suzy Lowe for yet another 5* Google review.