Flexigroup Provides Retailer Update for 4Q20, Stock up 2%

ASX-listed financial services company, Flexigroup Limited (ASX:FXL) announced an update on its BNPL platform, humm, for the quarter ended 30 June 2020.

Flexigroup witnessed strong online growth, with e-commerce volume up 315% in 4Q20, and 447% increase in total transactions as compared to pcp.

In the fourth quarter 2020, BPAY feature was launched that permits customers to pay for bills in manageable instalments without interest with humm at a range of service providers.

In this quarter new high-profile retailers joined the humm platform, including Amart Furniture, Snooze, Temple & Webster Group Ltd (ASX:TPW) and luxury brand Bally.

Post announcement FXL quoted at A$1.235 up by 2.066% at AEST 12:21 PM.

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