# Buy Now Pay Later Model

Project BNPL profitability with realistic merchant fees, customer defaults, funding costs, and churn, showing when unit economics turn positive.

- Canonical: https://finamodel.com/templates/bnpl
- Download (.xlsx): https://finamodel.com/templates/bnpl.xlsx
- Category: Fintech & Payments
- Model type: Underwriting
- Difficulty: Intermediate
- Audiences: Founders & operators, Investors & analysts
- Tags: BNPL, fintech, unit economics, CAC, funding structure

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