Humm (ASX:HUM) launches in UK

Company News

by Lauren Evans

Buy now, pay later (BNPL) provider Humm Group (ASX:HUM) has launched its payment service in the UK with full credit and serviceability checks in place.

Humm Group is a diversified full-service payments company offering different payment options in the buy now, pay later sector. The company serves a broad range of customers from millennial spenders through to young families and businesses in Australia and New Zealand.

In the first stage of the company's international expansion, Humm Group UK will leverage humm Ireland's strong network of more than 1,600 retail partnerships as the only BNPL player in that market. Many of these retailers operate in the UK and have welcomed Humm Group's unique proposition as the only BNPL provider. With retail spend in the UK at $788 billion, there is a sizeable market opportunity for Humm Group.

CEO Rebecca James said, “We’re delighted that customers in the UK will now be able to humm their purchases, giving them more choice, transparency and flexibility over how and when they pay. "

Shares in Humm Group (ASX:HUM) are trading 2.01 per cent higher at $1.02. 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.