Looks like it is about to be all over and as shareholders we should have been out of here with the sale to Latitude:
After operating for more than ten years in the finance industry’s regulatory blind spot, the day of reckoning is nigh for the buy now, pay later (BNPL) industry.It couldn’t have come at a worse time for the BNPL operators whose operations have been hit by high interest rates.It’s a real step change for a sector that has until now enjoyed optimum conditions to thrive - a regulatory free-for-all and ultra-low interest rates. Without the regulation that forces the BNPL to be classified as credit, operators have been able to sign up new customers with little or no credit checks.
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(20min delay)