horse, fall, crash
ASX

Payday lending fintech Beforepay tanks on debut

- January 18, 2022 2 MIN READ

Payday lending fintech Beforepay had the $35 million value of its IPO wiped away on debut on the ASX today, with the company’s share price plunging 44% in its first day of trade. Making an early bid for 2022’s worst opening day – the drop saw Beforepay (ASX: B4P) float at $3.41 per share, but… Read more »

Clayton Howes
ASX

Peer-to-peer lender SocietyOne is selling to ASX-listed MoneyMe in $132 million deal

- December 19, 2021 2 MIN READ

ASX-listed fintech MoneyMe is hoping to acquire one of the country’s original fintechs, SocietyOne in a deal worth $132 million. Surprisingly, the merger does not deliver an immediate exit for several key backers of the peer-to-peer personal lending marketplace over the last decade. Leading media companies including News Corp, Seven West Media, and Consolidated Press… Read more »

ASX

Afterpay shares follow merger mate Square’s slump as the US payments fintech rebrands as Block

- December 2, 2021 2 MIN READ

Afterpay’s $39 billion takeover deal with Square dragged down the Australian fintech’s share price yet again amid delays and the US payments company announcing a rebrand. Because the takeover is an all-scrip deal, Square’s (NYSE: ASX) 6.6% fall in its stock overnight weighed on Afterpay (ASX: APT) in Thursday trade, falling 6.08% to close at… Read more »

Airtasker
ASX

Airtasker jobs have soared after lockdowns, up 70%

- November 25, 2021 2 MIN READ

Casual jobs marketplace Airtasker this week held its first AGM since listing six months ago and despite the disruption of 2021’s pandemic lockdowns, pent-up demand to get things done has seen use of the platform soar. Airtasker’s (ASX:ART) gross marketplace volume (GMV) – a measure of activity on the platform –  crossed $200 million as… Read more »

ASX

Andrew Forrest backs ASX-listed psychedelic drugs medtech Emyria with $5m and its shares popped

- November 22, 2021 2 MIN READ

Shares in alternative drugs development company Emyria (ASX: EMD) popped 20% today on news that mining billionaire Dr Andrew Forrest’s family investment firm, Tattarang, had invested $5 million via a share placement. Emyria (ASX: EMD) shares closed at $0.39 cents following Monday’s trade after news of Tattarang becoming a strategic investor at $0.25 cents a… Read more »

India, shopping
ASX

Zip is pouring $70 million into an Indian BNPL

- September 23, 2021 2 MIN READ

ASX-listed buy-now-pay-later Zip is ramping up its offshore presence in one of the world biggest markets, taking a US$50 million (A$70m) stake in Indian BNPL ZestMoney. The six-year-old Indian fintech is the country’s market leading BNPL, with more than 11 million registered users, more than 10,000 online merchants and  75,000-plus physical stores on its customer… Read more »

Robin Levison
ASX

Materials tech startup Xefco launches joint venture to produce Covid-killing face masks

- September 23, 2021 2 MIN READ

Sydney-based materials technology company Xefco is launching a joint venture company to produce revolutionary face masks with the ability to kill the Covid-19 virus within minutes. Xefco developed masks coated in an ultra-thin layer of copper in a collaboration with Deakin University. Studies by the Doherty Institute found that the patent-pending technology has the ability… Read more »