Laybuy assets bought by Swedish fintech unicorn Klarna

Laybuy assets bought by Swedish fintech unicorn Klarna
Laybuy went into recievership on June 17. (Image: Supplied)
Gregor Thompson
The New Zealand assets of buy now, pay later firm Laybuy have been bought by Swedish fintech company Klarna.Deloitte insolvency practitioners David Webb and Rob Campbell were appointed receivers and managers of Laybuy Group and its NZ subsidiary, Laybuy Holdings, on June 17.On Wednesday, Campbell confirmed the sale with BusinessDesk and said they oversaw the sale of the buy now, pay later (BNPL) technology operating platform and the customer and merchant contracts.“As receivers, we’re pleased to announce that an agreement has b...

More Retail

Govt eagle-eyed on ComCom interchange fees decision
Finance

Govt eagle-eyed on ComCom interchange fees decision

Open banking depends on sustainable interchange fees, Minister Scott Simpson says.

Pattrick Smellie 11 Apr 2025
Hart business tips manufacturing contractor into receivership
Retail

Hart business tips manufacturing contractor into receivership

A spokesperson estimated Hansells Masterton employs 100 people.

Staff reporters 10 Apr 2025
Woolworths' restructure overhauls pay structure
Retail

Woolworths' restructure overhauls pay structure

Supermarket giant Woolworths’ new operating model could lead to pay cuts that will cost experienced workers thousands of dollars, a union claims.But a Woolworths New Zealand spokesperson said the changes would ensure the business had the right expertise, in the right place, at th...

Staff reporters 10 Apr 2025
OfficeMax parent's profits up 34.2%
Retail

OfficeMax parent's profits up 34.2%

By cutting expenses, the online office supplier OfficeMax has boosted its profits. Project Inkquill, the parent company of three OfficeMax entities, reported annual financial statements for the year to Dec 28 to the Companies Office on Wednesday. The firm reported net profit incr...

Gregor Thompson 10 Apr 2025