PayPal Enters Multi-Year Deal With Blue Owl Capital For Nearly $7 Billion Buy Now, Pay Later Receivables

PayPal stated it will continue to be responsible for all customer-facing activities, including underwriting and servicing, associated with its U.S. Pay in four BNPL products.
In this photo illustration, a person holds a smartphone displaying the logo of PayPal Holdings Inc.
In this photo illustration, a person holds a smartphone displaying the logo of PayPal Holdings Inc. (Photo illustration by Cheng Xin/Getty Images)
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Rounak Jain·Stocktwits
Updated Sep 24, 2025 | 7:22 AM GMT-04
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PayPal Holdings Inc. (PYPL) on Wednesday announced a multi-year deal with Blue Owl Capital Inc. (OWL) to sell nearly $7 billion of its buy now, pay later (BNPL) receivables originated in the U.S.

According to the company’s announcement, funds managed by Blue Owl will purchase these BNPL receivables as part of a two-year agreement. PayPal stated it will continue to be responsible for all customer-facing activities, including underwriting and servicing, associated with its U.S. Pay in four BNPL products.

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