Down 20% with no news, what’s with the Cirralto (ASX:CRO) share price?

The Cirralto Ltd (ASX: CRO) share price has plunged almost 20% this month, with no major news announced. What’s behind the Software as a Service (SaaS) company’s share price fall seems to be a mystery.

Even more perplexing is Cirralto’s rise over the last 12 months. An investor who bought shares in the company this time last year would find themselves up by 4,810% today. Even if you bought in at the start of this year, you’d be up by 127%.

So, what’s the go with the Cirralto share price? Let’s take a look.

Crashing on the pay now, pay later wave

Cirralto may well be the horse left at the start gate amongst buy now, pay later (BNPL) providers such as Zip Co Ltd (ASX: Z1P), Fatfish Group Ltd (ASX: FFG) and IOUpay Ltd