Laybuy boss bullish despite souring sentiment

Laybuy’s share price has plummeted from listing at A$2.05 to just 56 cents on Thursday.

Fri, 28 May 2021

Kiwi buy now, pay later firm Laybuy has more than doubled its full-year income and says it is on track to reach its target of $1 billion gross merchandise product.Laybuy increased its revenue by 138% to $32.6 million as it clipped the ticket on $589m worth of sales transacted through its platform, or gross merchandise value.But it reported a $41.3m loss, widening from the previous financial year when it posted a $16.1m loss.Managing director Gary Rohloff’s (pictured above) message to investors is that there is more where that came from, d...

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