FinTechFunding

Laybuy Group: Signs new £30 million loan

Laybuy Group Signs new £30 million loan

  • Laybuy Group (LBY) is signing a new £30 million (A$55.3 million) debt facility with US specialist lenders Partners for Growth
  • The buy now pay later business says it’s also increased its Kiwibank debt facility limit from NZ$20 million (A$19.2 million) to NZ$30 million (A$28.7 million)
  • The fintech stock plans to use the increased debt facilities to help grow its UK, Australia and New Zealand loan books
  • Laybuy ended September with 11,700 merchants, 889,000 active customers and a quarterly gross merchandise value of NZ$206 million (A$197.4 million)
  • Company shares are trading up 8.25 per cent at 52.5 cents each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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