The ASX200 fell around 0.51% to 7,451.60 points in today’s intraday trading session. The financial sector traded in the red as the ASX 200 Financial Index (XFJ) fell around 0.93%. While the financial sector is down, a few BNPL stocks performed well today on the ASX.

Some of the BNPL stocks that caught the attention of investors today are Z1P, OPY, SZL and LFS. Read on for recent updates and the price performance of these stocks.

ZIP Co Limited (ASX: Z1P)

Zip Co Limited, listed on the ASX, is a financial technology company providing digital payment and point-of-sale credit services worldwide. ZIP is present not only in Australia, but also in the United States, United Kingdom, Canada, India, New Zealand and Singapore.

ZIP recently closed its Share Purchase Plan (SPP) on April 1, 2022, under which it raised over A$23 million at an issue price of A$1.48 per share. The allocation of these new shares issued by ZIP is in line with the last ASX announcement scheduled for April 8, 2022 with listing on the ASX likely by April 11, 2022.

ZIP shares were trading at AU$1.46 per share after noon at 1:30 p.m. AEST today (April 7, 2022), down more than 1% from yesterday’s close.

Openpay Group Ltd (ASX:OPY)

Another BNPL player to watch is Openpay Group Ltd, which is a diversified financial group offering omnichannel financing solutions. Its business is spread across Australia, New Zealand, the United States and the United Kingdom.

Openpay recently shared its preliminary Q3-FY22 performance update on April 5, 2022. Service provider Buy now pay later said it is pursuing an accelerated path for its business in Australia. He online reported continued growth in the company’s key performance indicators (KPIs) of TTV (total transaction value), revenue, active customers and merchants.

OPY shares were trading at AUD 0.370 per share after midday at 1:15 p.m. AEST today (April 7, 2022).

Sezzle Inc. (ASX: SZL)

Sezzle Inc. is another ASX-listed technology-based payment platform provider. The company is a US-based BNPL provider that also has operations in Australia and Canada.

Today, Sezzle Inc. shared its request to list additional securities on the ASX. The securities listed on the ASX will result from the conversion of existing US SZLAM ordinary shares into SZL CDIs on the ASX. There will be no new issue of securities by Sezzle.

Meanwhile on the ASX today, SZL’s share price was AU$1.300 per share around 1:30 p.m. AEST, down about 3.07% from yesterday’s close.

Related reading–Calls to regulate the BNPL sector? A look at the market buy now pay later

Latitude Group Holdings Limited (ASX:LFS)

Latitude Group Holdings Limited is another ASX-listed company in the BNPL sector that is attracting the attention of investors. Based in Melbourne, Latitude has customers in Australia and New Zealand.

Last Monday, Latitude Group Holdings Limited announced the termination of more than 80,000 of its performance rights that came from the unlisted group of its securities. Previously, the company shared its annual report on the ASX, which reflected a statutory NPAT of A$160 million for FY21. According to the company, amid prolonged shutdowns and notable business disruptions from Covid-19, it could still produce strong financial results.

However, on the ASX on Thursday, LFS shares were trading at AU$1.83 per share after midday 2 p.m. AEST, slightly lower than their previous close.

Summary of share price development

Source of images ^© 2022 Kalkine Media®

Data Source – ASX Website

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