Own ASX BNPL shares? These were the best performers during October

Did your favourite BNPL stock make the list?

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October wasn't a great month for most in the ASX's buy now, pay later (BNPL) sector.

However, making this list was relatively simple. That's because only 3 ASX-listed BNPL companies ended last month in the green.

Let's take a look at which BNPL stocks managed to return gains in October.

The 3 best performing ASX BNPL stocks of October

A quick note before we get into it; this list only contains shares with market capitalisations of more than $50 million.

Fatfish Group Ltd (ASX: FFG)

The Fatfish share price outperformed that of its ASX BNPL peers last month. Over the course of October, it gained 5.5% to end the month trading at 5.7 cents.

The market was treated to 2 releases from the tech-focused venture investment and development company last month.

First, Fatfish announced its retail BNPL offering PaySlowSlow had gained strong early traction following a mid-September launch. Additionally, its insurance technology offering, Fatberry, saw record sales over the September quarter.

PaySlowSlow is currently only available in Malaysia. Fatfish has plans to launch it throughout South East Asia.

The company later released its quarterly activities and cash flow report.

Humm Group Ltd (ASX: HUM)

The Humm share price rose 3.5% last month to take the crown as the second-best performing ASX BNPL stock. It ended the period trading at 88 cents.

Most of October was quiet for this BNPL company. However, near the end of the month, the company released its quarterly results, followed by its investor day strategy presentation.

Over the September quarter, Humm's BNPL offerings saw their combined total transaction volumes increase by 44.5% to reach $308.8 million.

The following week, Humm revealed it plans to restart paying dividends next year. It's also considering divesting its New Zealand business.  

Afterpay Ltd (ASX: APT)

The last ASX BNPL stock with a valuation of more than $50 million to boast a gain for the month of October was none other than Afterpay.

The Afterpay share price gained 1.6% in October, finishing the month at $123.29.

The soon-to-be-acquired BNPL giant released no noteworthy news last month. However, the market heard good news about its upcoming takeover yesterday.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool Australia has recommended Humm Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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