Laybuy shares spike after record quarter

Thu, 14 Jan 2021

Shares in ASX-listed Laybuy jumped more than 8 percent after the Kiwi buy-now-pay-later company reported a record quarter fuelled by holiday sales and the lockdown in the United Kingdom.Gross merchandise value hit $182 million in the three months ended Dec. 31, up 184 percent on the third quarter the previous year and 44 percent higher than in the second quarter of the current year.The fintech company won 119,000 new customers, bringing the total active customers to 687,000, with 59 percent being repeat customers, up from 37 percent this time l...

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