Humm (ASX:HUM) share price up on new BNPL for SMEs

The Humm Group Ltd (ASX: HUM) share price is up in early trading after revealing a new buy now, pay later product for small businesses.

Humm is the business that used to be called FlexiGroup. Not only does it offer buy now, pay later but it also has revolving credit and small and medium enterprise (SME) finance.

What is humm’s new BNPL product?

Humm has officially launched hummpro, which it’s calling ‘business now pay later’.

The product has been designed to meet the flexible cashflow needs of SMEs across Australia and New Zealand. Humm wants to help SMEs as they invest and grow with trading conditions returning to pre-COVID-19 levels.

The company said that hummpro suits business owners that want to track their cashflow in…