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humm group 13 May 2021 hummgroup 3Q21 business update • . Record transaction volume for BNPL segment in March 2021 of $ 100.8m , with 3Q21 volume of $ 255.3m , up 33.0 % on pcp Cards ( Australia and New Zealand ) volume of $ 264.8m , down 26.5 % on pcp although spend returning to key volume categories Commercial and Leasing volume of $ 142.2m , up 61.7 % on pcp Total hummgroup customers of 2.7m as at 31 March 2021 , up 40.0 % on pcp Greater digital penetration with 303.9k app downloads in 3Q21 ( 3Q20 : 215.4k ) Improved net loss ( gross write offs net of recoveries ) of $ 18.7m , down 31.4 % on pcp 1,111 merchants integrated in 3Q21 including strong growth in key verticals of health , luxury retail , home improvement , and automotive • Market launch into the United Kingdom on track for this financial year • Appointment of Canada Country Head , Mr Tim Moulton , and launch in 1H22 humm group limited ( ASX : HUM ) ( " hummgroup " or the " Company " ) today provides an update in relation to its unaudited financial results for the quarter ended 31 March 2021 ( " 3Q21 " or the " Period " ) and progress against its strategy . hummgroup Chief Executive Officer Rebecca James said : " hummgroup has performed strongly with our bigger Buy Now Pay Later product - and the ability to finance larger ticket items over longer terms - continuing to be a key point of differentiation . The business delivered record transaction volume for our BNPL segment in March of $ 100.8m , eclipsing peak seasonal trade , normally reserved for December . The strong growth coincided with an improvement in net transaction margin driven by strong loss performance and low cost of funds . " The Commercial and Leasing segment is growing rapidly , up 61.7 % on pcp , driven by a superior service proposition which has the business gaining market share from the major banks . Credit performance has also improved materially from the previous period . The business is significantly more capital efficient following the successful completion of a $ 450m Australian asset - backed securities transaction . Mezzanine warehouse funding is planned to further improve return on equity , in line with the initial recommendation of the strategic review . " humm group limited ACN 122 574 583 Level 7 , 179 Elizabeth St , Sydney NSW 2000 Tel . + 61-2-8905-2000