Buy Now Pay Later service Laybuy is back - with the help of its new Swedish owner Klarna

The company - founded in 2017 - had more than half a million New Zealand customers - before it was placed into receivership in June.

Australia and New Zealand Klarna head and former Laybuy chief executive Gary Rohloff says Klarna is highly innovative - with a massive network serving 90-million consumers globally.

He says it's absolutely fantastic having a company of that size investing in New Zealand - for both retailers and consumers alike.