Laybuy looks for a ‘strategic investor’

Buy now pay later company Laybuy has appointed adviser NOR Capital to help it work through options to put its business on a more secure footing, as it reports mounting losses and questions about its a.. read more

Smartpay back in the black

Smartpay’s decision to double its marketing budget, using digital and social media channels for lead generation in Australia, has paid dividends for the payment terminal operator, which reported stron.. read more

humm consumer finance unprofitable, board says

The humm group board has followed up the release earlier this month of an explanatory booklet detailing the proposed sale of its consumer finance business to Latitude Financial Services, issuing a sta.. read more

AFCA finalises new funding model

The Australian Financial Complaints Authority has finalised a new funding model that will result in significant number of its members paying lower fees under a user-pays approach.  read more

BNPL web traffic in decline

Buy now pay later consumer web traffic has been moderating since the middle of last year and turned negative in March, according to new research. read more

RBA to take no action on ES balances

When the Reserve Bank increased the cash rate target to 35 basis points earlier this month, the interbank overnight cash rate rose to 31 bps in response and that is where it has stayed. read more