Share prices for these ‘buy-now, pay-later’ (BPNL) fintech players have zoomed ahead this month, despite investor uncertainties creating ripples through the ASX. Here’s a BNPL update on the key players in the sector – all fighting for a piece of this $22 trillion total addressable market.
Afterpay Touch Group Ltd (ASX: APT)
Afterpay is up just 2% higher over the last month on top of a 44% increase since late August, closing at $34.65 yesterday, although the Afterpay share price has dropped 1.93% in morning trade to leave last month’s performance relatively flat.
Although September was flat, since announcing FY results in August, Afterpay’s share price has zoomed ahead. Its UK business, Clearpay, has acquired 200,000 customers in its first 15 weeks. Of particular note, Afterpay lowered its late income fee as a percentage of sales by 5.7% to 18.7%, compared to the last FY.
Zip Co Ltd (ASX: Z1P)
Zip’s share price is rallying ahead, having grown a whopping 31% since last month to be trading for $5.20 at time of writing.
This is a record high for the company, driven by its fantastic FY performance as well as positive sentiments for its future. Zip grew its customer base by 80% to 1.3 million, sharing further plans to expand globally. Management expects that the company will hit its targets, meaning Zip will see its active user base double in 2020.
Splitit Payments Ltd (ASX: SPT)
Splitit’s share price has risen 11% higher over the month and is currently trading for $0.62.
Despite a modest earnings result, Splitit has seen its market capitalisation grow steadily over the last few months. Last month, it announced the launch of a B2B product that allows suppliers and manufacturers to offer buyers its interest-free, credit solution.
This is a lucrative move, one that we’ll certainly be keeping tabs on.
FlexiGroup Limited (ASX: FXL)
FlexiGroup closed at $2.32 yesterday, 21% higher than last month, and has since dipped slightly in morning trade to $2.30.
Its BNPL product, humm, has been producing extraordinary results. Total transactions were up 25% year-on-year, supported by its new clients throughout the year across retail, health and home improvement.
All these new, high-profile clients bring the retailers on FlexiGroup’s platform to 18,000, explaining how its volume growth for the last 2 months is 85% higher than the prior corresponding period.
Sezzle Inc (ASX: SZL)
Sezzle is on the rise. Its share price is sitting at $2.40, which is 9% higher over September.
Since its outstanding HY report, the company also announced its new partnership with Visa’s CyberSource platform. This means CyberSource merchants will be able to offer Sezzle’s interest-free BNPL product worldwide.
With a fast-growing user base and listed merchants, this will also be another one to watch for October.
The post Why you should invest in Afterpay and these BNPL players appeared first on Motley Fool Australia.
If you're looking for income certainty over growth, don't miss the 3 dividend-payers below.
With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.
Hint: These are 3 shares you’ve probably never come across before.
They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”
We think these 3 shares offer solid growth prospects over the next 12 months. Each of these three companies boasts fully franked yields and could be a great fit for your diversified portfolio. You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."
Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!
The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.
- NEW: Free report names top 3 ASX dividend shares to buy for 2019
- Top analysts name their top 3 ASX blue chip shares for 2019
- 3 quality dividend shares to boost your income
Audrey Thehamihardja has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO and ZIPCOLTD FPO. The Motley Fool Australia has recommended FlexiGroup Limited and Sezzle Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019