A Klarna rival collapsed into bankruptcy after millions of pounds was stolen in a cyber attack. The collapse of Laybuy, a buy now, pay later (BNPL) start-up, followed a previously unreported hacking between December and February that left the business on the brink.
Laybuy, which had more than 750,000 customers and was headquartered in New Zealand, filed for administration in June after struggling to crack the UK market. The group had revenues of around NZ$42m (£20m).
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Source: MSN News
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