Longest est. BYPL(Buy Now Pay Later) provider in the Australian Market
Has had a run up since lows of Feb '19
Morgans 12 May 2019: Run too far too fast prices it at $1.80
Price looking to consolidate around here and may contiune upward with futher positive news flow (majority of the BNPL sector seeing significant SP growth this year APT, Z1P)
Consolidated its 2 legacy platforms into one called HUMM:
enables shoppers to spend from $1 up to $30,000 completely interest free. humm accounts for 17% market share of the BNPL transaction volume in Australia (and 40% of receivables) with over 1 million customers shopping at more than 13,000 seller locations and e-commerce platforms. In New Zealand flexigroup has over 160,000 BNPL customers who can shop at over 1,700 seller locations.
Retailers include: Myer, IKEA, JB Hifi New Zealand, Solomon’s Carpets, Strandbags, National Hearing, National Dental Plan and City Fertility (over 13,000)