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These BNPL shares have blown up since their IPOs – Motley Fool Australia
As the BNPL sector continues to experience rapid growth, we take a look at how ASX BNPL shares have performed since their IPOs.
The buy now, pay later (BNPL) sector is bigger than ever. According to Ibis World, the industry grew at 39.3% annually between 2015 and 2020. First emerging in 2011-12, Worldpay has also predicted the BNPL industry will double in the next three years. The sector has grown from 3% of all eCommerce payments in 2018 to 8% last year.
In 2019, there was a surge of BNPL IPOs. Splitit Ltd(ASX: SPT)was the first listing of the year. Sezzle Inc (ASX: SZL) debuted mid year and Openpay Group Ltd (ASX: OP…
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