Despite the ubiquitous BNPL decline, consumer lending group humm (ASX: HUM) appears to be taking the blow well. To begin with, the Company undertook a private placement in August 2023, providing $760.7 million in increased funding capacity for commercial growth. And thanks to its BNPL growth, the Company has proposed a fully franked final dividend
Read More
Australia’s OG buy-now-pay-later business is set to be cashed out at a high as the sector undergoes a consolidation phase with Humm Group (ASX: HUM) having been tapped on the shoulder by Latitude (ASX: LFS) for its consumer finance business to the tune of a $335 million offer. The offer comes in the form of
Read More
As Aussies continue to shift towards a cashless economy, Commonwealth Bank has confirmed it will be closing 10% of their branch network at lunchtime for reduced operating hours in response to declining foot traffic as we move all our banking and finance needs online. Where branches traditionally facilitated cash transactions, the declining use of cash
Read More
Australia’s only profitable provider of pure play Buy-Now-Pay-Later services (BNPL) is set to expand its international footprint with the launch of businesses in the United Kingdom and Canada with humm (ASX: HUM) planning to be live in both regions before the end of 2021. Plans are on track to launch in the UK by June
Read More