Zip Co [ASX:Z1P] and Sezzle [ASX:SZL] today confirmed they are discussing a potential acquisition, as the depressed BNPL sector considers consolidation.
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Humm Group [ASX:HUM] share price is up over 20% as the buy now, pay later (BNPL) stock flags potential takeover bids.
From Afterpay [ASX:APT] to Vulcan Energy Resources [ASX:VUL], BNPL and lithium stocks are under heavy selling pressure today as markets worry about Omicron and inflation.
According to The Guardian’s report, shares in ASX BNPL stocks fell by an average of 80% compared to their peak prices in the last 12 months.
Sezzle Inc’s [ASX:SZL] share price was flat on the results however, barely budging from their opening price. The SZL share price is currently $5.35 a share.
Openpay Group Ltd [ASX:OPY] share price is down 54%. The Openpay Group Ltd [ASX:OPY] secured a landmark US$271.4 million receivables warehouse facility from Goldman Sachs and Atalaya Capital.