ASX

Afterpay is leading tech stocks over the cliff today after upping its raise to $1.5 billion

- February 26, 2021 2 MIN READ

Afterpay (ASX:APT) shares are being smashed today after returning to trade today in a bad end to the month for tech stocks. The buy-now-pay-later fintech called a trading halt to its shares yesterday ahead of releasing its half-yearly results, which included a $79 million loss, despite analyst expectations of a maiden half-year profit, and plans… Read more »

Prospa
ASX

Prospa’s lending rates are beginning to bounce back, but 2020’s Covid hit delivers the fintech a $3.2 million loss

- February 25, 2021 2 MIN READ

Originations grew 265.3% from 4Q20 to 1Q21 and a further 25.9% from 1Q21 to 2Q21 NZ originations surpassed $100m in total loans H1 FY21 loan originations of $180.7m below pre-pandemic levels Revenue (before transaction costs) of $55.7m, down 26.4% H1 FY21 EBITDA of $4.1 million Lending by small business fintech Prospa Group remains below pandemic… Read more »