These were the 5 worst performing ASX BNPL shares of 2021

These ASX BNPL stocks suffered through 2021.

| More on:
an exhausted shopper slumps on an outdoor seat with various coloured shopping bags either side of her.

Image source: Getty Images

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

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.

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. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on BNPL shares

Happy woman shopping online.
BNPL shares

Up 49% today, Sezzle share price says see you later to all-time low

The BNPL company has had an extraordinary day.

Read more »

a cute young girl stands with her chest thrust out as she zips up the zip of a shiny pink jacket she is wearing.
BNPL shares

Zip share price reignites with a 19% rally amid tech bounce

Here's what might be driving the BNPL giant's stock higher today.

Read more »

a young woman sits with her hands holding up her face as she stares unhappily at a laptop computer screen as if she is disappointed with something she is seeing there.
BNPL shares

Why did the Block share price have such a lousy time in FY22?

Last financial year was a transformative one for the now-ASX 200 tech giant.

Read more »

a man's hands hold the ends of the zipper at the bottom of a jacket as if to try to put them together again.
BNPL shares

Up and back down: Why is the Zip share price volatile today?

The Zip share price got up on the right side on Monday.

Read more »

ASX shares downgrade A young woman with tattoos puts both thumbs down and scrunches her face with the bad news.
BNPL shares

The Zip share price lost 94% of its value in FY22

Zip shares were the worst performers on the ASX 200 in FY22..

Read more »

Happy man wearing a blue shirt and glasses holding a card and using buy now pay later services to purchase a product on his office computer
BNPL shares

Why is the Zip share price jumping 11% today?

The Zip share price has finally given investors a break today.

Read more »

Man open mouthed looking shocked while holding betting slip
BNPL shares

Why did the Zip share price crash more than 50% in June?

Zip shares were sold off again in June...

Read more »

Upset woman with her hand on her forehead, holding a credit card.
BNPL shares

June was a terrible month for ASX BNPL shares. Here’s why

Last month brought more suffering for ASX BNPL stocks.

Read more »