As the OG of the buy-now-pay-later trend which gripped Australian consumer habits before turning out to be an awful business strategy, it’ been a much softer landing for humm group (ASX: HUM) which had a very strong lending business to fall back on, unlike its hip, young BNPL competitors. For humm, which was established back
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Imagine you stumbled upon a Latitude (ASX: LFS) ad that says it allows you to do a 60-months interest free installment just when you were about to reluctantly pay Harvey Norman a couple thousand dollars in a lump sum. You went all bright-eyed and bushy-tailed. Getting an extra 5 years to pay off your new
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Binding – what a great word! This will be the sentiment amongst most shareholders in buy-now-pay-later company humm group (ASX: HUM) which like its peers has seen a sharp downturn in BNPL customers. Thankfully for those shareholders though, humm has a “binding” agreement to sell their consumer finance business to Latitude Group (ASX: LFS) with
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There has been a monumental shift within the buy now, pay later scene with companies consolidating in a recent blitz of mergers and acquisitions. Confidence in this sector has been diminishing as big players like Z1P (ASX: Z1P) have come back to earth, falling as much as 90% since their all-time highs. Following the Block
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