FlexiGroup shares on watch after launching world first BNPL product with Mastercard

The FlexiGroup Limited (ASX:FXL) share price will be one to watch on Monday after announcing the launch of a world first buy now pay later product…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The FlexiGroup Limited (ASX: FXL) share price will be one to watch on Monday after it provided an update on its buy now pay later offering.

What did FlexiGroup announce?

This morning FlexiGroup announced what it believes will be the next advancement in consumer finance, a world first buy now pay later product that can be used everywhere – bundll.

According to the release, bundll represents a completely new category in the buy now pay later sector with transactions not being limited by merchant integration.

In a strategic partnership with payments giant Mastercard, FlexiGroup has created a product that will allow customers to "Buy EVERYWHERE and Pay Later."

The bundll product expands the buy now pay later spend for everyday items, with interest free purchases in categories normally reserved for debit card spend such as petrol and groceries.

Using the Mastercard network, bundll customers can shop wherever they like, online and in store, with no minimum spend.

Furthermore, bundll is the only buy now pay later product that can facilitate multiple payments up to $1,000 at any merchant that accepts Mastercard transactions. Management believes this supports customers with their everyday spending.

All weekly purchases get bundled into one place, with consumers getting no less than two weeks to pay their bundll. They can even use an accumulated "snooze" to delay payment further.

FlexiGroup's chief executive officer, Rebecca James, said: "We know that our millennial customers prefer debit to credit, like to budget and don't want to pay interest. While under-35s represent only 23% of credit cardholders, they speak for over 48% of Buy Now Pay Later users. Furthermore, debit cards surpassed credit cards as a preferred payment method for under-35s during 2019."

"Flexigroup is proud to be launching bundll in Australia as a world first. It's Buy Now Pay Later in your pocket and it gives you complete control over where you shop, when you pay and how you budget – all from the convenience of your mobile phone."

The product is also being co-branded and made available to RAIZ Invest Ltd (ASX: RZI) customers. The two companies have a strategic relationship which allows Raiz users to fund purchases on bundll by facilitating instant liquidity in their Raiz accounts.

In other news.

It isn't just FlexiGroup announcing things today. The Sezzle Inc (ASX: SZL) share price could be on the move after it revealed that it has surpassed one million active customers on its buy now pay later platform.

Should you invest $1,000 in Humm Group Limited right now?

Before you buy Humm Group Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Humm Group Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended FlexiGroup Limited and Sezzle Inc. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Interest rates written on top of pictures of houses on a computer.
Share Market News

3 ASX 200 consumer discretionary stocks to benefit from a rate cut

With an RBA rate cut expected this afternoon, it could be positive news for these three stocks. 

Read more »

Miner looking at a tablet.
Opinions

3 reasons why the Fortescue share price could still be a buy

Let’s dig into why this mining giant could be a solid buy.

Read more »

Smiling man with phone in wheelchair watching stocks and trends on computer
Share Market News

5 things to watch on the ASX 200 on Tuesday

A decent session is expected for Aussie investors today.

Read more »

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors had a rough start to the week today.

Read more »

Happy man working on his laptop.
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

Read more »

Two funeral workers with a laptop surrounded by cofins.
Broker Notes

Macquarie just forecast this ASX 300 dividend share could surge 37%. Here's why

Atop its passive income payouts, Macquarie expects this ASX dividend stock could leap 37% in a year.

Read more »

A person in a gorilla suit leaps really high holding a banana, nearly doing the splits.
Share Gainers

Up 1,238% in a year, why is this ASX gold stock surging again on Monday?

The ASX gold stock is now well into ten-bagger range and still rising fast today.

Read more »

A happy investor sits at his desk in front of his laptop and does the mexican wave with his arms to celebrate the returns from his ASX dividend shares
Share Gainers

Why EOS, Gorilla Gold, Lendlease, and OFX shares are charging higher today

These shares are starting the week on a positive note. But why?

Read more »