Laybuy (ASX:LBY) share price climbs on March trading update

The Laybuy Holdings Ltd (ASX: LBY) share price is climbing in early-afternoon trade following the release of a trading update. At the time of writing, the buy now, pay later (BNPL) provider’s shares are trading at 93 cents, up 1%.

Trading update

Investors are pushing Laybuy shares higher after the company delivered a robust performance for the month of March.

For the month ending 31 March 2021, Laybuy reported annualised (multiplied by 12) gross merchandise value (GMV) of NZ$704 million. In addition, 479 active merchants and 23,000 active customers signed on to Laybuy’s platform.

Predominately, the United Kingdom market is the company’s…