Struggling ASX BNPL stock Laybuy expects its net transaction margin to be negative in the fourth quarter.
Meta-description: Zip Co Ltd [ASX:Z1P] is set to acquire fellow BNPL stock Sezzle Inc [ASX:SZL] in an all-scrip deal valuing Sezzle at $491 million.
Zip Co [ASX:Z1P] and Sezzle [ASX:SZL] today confirmed they are discussing a potential acquisition, as the depressed BNPL sector considers consolidation.
Zip Co [ASX:Z1P] shares were flat this morning after the buy now pay later (BNPL) stock released its Q2 results ending 31 December 2021.
Humm Group [ASX:HUM] share price is up over 20% as the buy now, pay later (BNPL) stock flags potential takeover bids.
Jittery markets sent ASX buy now, pay later (BNPL) and lithium stocks tumbling on Monday. Zip was one of the hardest hit, with share price closing 10% down.
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.
Zip says acquiring Twisto is an entry point to one of the world’s largest eCommerce markets, with access to all 27 member states of the European Union (EU). Zip Co [ASX:Z1P] share price is currently up 4%:
The Commonwealth Bank of Australia (ASX:CBA) will become Australia’s first bank to offer its 6.5 million users the ability to buy, sell, and hold crypto assets via the CommBank app.
Zip Co Ltd [ASX:Z1P] share price is currently exchanging hands for $6.79 a share. Zip Co Ltd [ASX:Z1P] has announced its Q1 FY22 results along with the completion of a rebrand.