2021 followed a stellar year for the ASX buy now, pay later (BNPL) sector. Unfortunately, it didn't bring the same glory for most of the sector's participants.
In fact, these 5 ASX BNPL companies all saw their share price more than halve over the course of last year.
Let's take a look at which BNPL stocks suffered most in 2021.
A quick note before we start: This list only contains companies with market capitalisations of more than $30 million.
The worst performing ASX BNPL stocks of 2021
Laybuy Holdings Ltd (ASX: LBY) – down 82%
Unfortunately for Laybuy Holdings investors, the company has taken out the undesirable cake. It's crowned the worst performing ASX BNPL share for 2021.
The company's stock started the year trading at $1.31 and hit a 52-week high of $1.50. Over the course of the year, however, it tumbled to just 23.5 cents.
Splitit Ltd (ASX: SPT) – down 81%
2021 was also a particularly bad year for the Splitit share price.
It gradually dropped 81% of its value over the 12-month period.
At the start of the year, Splitit's shares were trading for $1.30. However, come the final close of the year it was going for 25 cents.
Openpay Group Ltd (ASX: OPY) – down 68%
Despite starting the year out strong, the Openpay share price ended last year 68% lower than it started it.
It tumbled from its starting price of $2.37 to end the year at 72.5 cents, hitting a 52-week high of $3.57 along the way.
Douugh Ltd (ASX:DOU) – down 59%
This ASX BNPL stock started the year out as the new face on the block.
Douugh floated in October 2020. It launched its first BNPL offering shortly after.
The company's stock started 2021 trading at 17 cents and quickly surged to its 52-week high of 37.5 cents. Though, its glory didn't last.
As of Friday's close, the Douugh share price is 6.9 cents.
Sezzle Inc (ASX: SZL) – down 51%
Popular ASX BNPL stock, Sezzle just snuck onto this list after falling 51% over 2021.
That's despite the company trading relatively flat for the first 8 months of the year – albeit, with plenty of peaks and troughs.
The company's half year report seemed to be the cataylst for its troubles. Its share price fell nearly 15% on the day of its release and hasn't managed to regain its feet since.
After beginning 2021 trading at $6.27, the Sezzle share price finished the year at $3.02.
