By Aisling Finn on Monday 24 August 2020
Laybuy looks set to be the first of the buy-now-pay-later fintechs to head for an IPO.
New Zealand-based buy-now-pay-later fintech Laybuy is set to float on the Australian stock exchange.
Laybuy had planned to float earlier on this year, but its IPO plans were delayed because of the coronavirus.
The fintech will float, as first reported by The Times, for around £115m, having previously planned to float at £35m, on 7 September and marks the first of the buy-now-pay-later rivals to go public.
Since 2017, Laybuy has amassed 1.6m users, with half of those here in the UK, and is also available in New Zealand and Australia.
Buy-now-pay-later has been one of the fintech standout stars, quickly becoming one of the most highly valued sectors.