Laybuy, a buy-now-pay-later service, enters receivership under Deloitte New Zealand.
Laybuy, a buy-now-pay-later service, has been placed into receivership. David Webb and Robert Campbell of Deloitte New Zealand have been appointed receivers and managers over three Laybuy companies. The company has faced a downturn in the buy now, pay later sector, as well as challenges from a sluggish economy, increased fraudulent activity, and reduced consumer spending. Laybuy founder and managing director Gary Rohloff expressed his heartbreak at the decision and vowed to support the affected team during the process.
June 17, 2024
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