June 26th 2024.
It seems that the future of Laybuy, a popular "buy now, pay later" service, is currently uncertain as the company has been placed into receivership. This service has gained popularity for providing customers with a zero-interest alternative to credit cards, allowing them to make purchases and pay back the money in six weekly automatic payments. However, on June 17th, Laybuy announced on their website that David Webb and Robert Campbell from Deloitte New Zealand have been appointed as receivers and managers for the company.
In addition, Laybuy Australia Pty Limited has also been placed under the management of Glen Kanevsky and Jason Tracy from Deloitte Australia. As a result, Laybuy services will not be available until further notice, as stated on the company's website. This means that customers will not be able to sign up for Laybuy or make new purchases using the service. However, those who are already using Laybuy can still update their payment card details and make manual repayments if needed.
This recent development has caused concern among Laybuy users, as the service has become a convenient and popular option for many. The company's website also states that they will provide updates as the situation progresses, and they apologize for any inconvenience this may cause. It is unclear at this time what led to Laybuy's receivership, but it is hoped that the company will be able to recover and resume its services in the future.
In the meantime, customers are encouraged to stay informed and make alternative arrangements for their purchases. The news of Laybuy's receivership serves as a reminder of the importance of sound financial management and being prepared for unexpected circumstances. As the situation unfolds, we can only hope for the best for Laybuy and its customers.
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