BNPL Pro Forma
Credit Excel Template (Free Download)
Project BNPL originations, merchant revenue, credit losses, funding needs and unit economics as customer and transaction cohorts scale.
professionals from Deloitte
About this pro forma
The full BNPL Excel model powers the pro forma from merchant take-rate and transaction volume through customer acquisition, churn, repayment, defaults and recoveries by cohort. Warehouse lines, securitisation, equity funding, servicing, fraud, compliance and technology costs determine the projected capital path.
Use the decision outputs to set merchant pricing, plan funding, evaluate credit policy and assess break-even timing. Stress customer quality, take-rate, funding cost and recovery assumptions.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the BNPL Pro Forma
- Merchant take-rate and transaction-volume projections
- Customer acquisition, churn and cohort LTV outputs
- Default, recovery, repayment and loss-reserve forecast
- Warehouse, securitisation and equity funding
- Customer service, fraud, compliance and technology costs
- Unit economics, break-even, cash flow and funding needs
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What drives BNPL revenue?+
Merchant take-rate and transaction volume drive revenue, while cohorts determine retention, repayments and credit losses.
How are defaults projected?+
Default rates, recovery timing and credit profiles flow through cohort losses and funding requirements.
Can I compare funding structures?+
Yes. Warehouse lines, securitisation and equity funding can be projected separately with their costs and capacity.
When does BNPL break even?+
Break-even depends on take-rate, volume, CAC, churn, losses, funding costs and operating expenses, all editable.
Have more financial modelling questions? Contact us
Related pro formas
Fintech Payments Pro Forma
Unit economics model for payments fintech with transaction volume, take rate, and customer cohorts.
Credit Card Pro Forma
Model credit card loan losses, interest revenue, and regulatory capital requirements.
Auto Loan Pro Forma
Automotive loan securitization and portfolio analysis.
Factoring Pro Forma
Financial model for accounts receivable factoring with advance rates, discount fees, and portfolio metrics.
