Latitude Group to acquire the buy now pay later business of Humm Group for $242m.

Latitude Group, a Australian digital payments and lending firm, agreed to acquire the buy now pay later business of Humm Group, a provider of consumer finance solutions, for $242m. "Humm's consumer business is highly accretive to Latitude's shareholders. The proposed transaction would enable us to accelerate the deployment of BNPL and instalment solutions for our customers and merchant partners in Australia/New Zealand and accelerate our growth in our international markets. It would also realise highly deliverable synergies which will enhance our financial performance and create significant shareholder value," Ahmed Fahour, Latitude Managing Director and CEO.