Afterpay
ASX

Afterpay sales doubled to $21 billion in FY21

- August 2, 2021 2 MIN READ

Sales at ASX-listed buy now pay later (BNPL) fintech Afterpay passed $20 billion a year ahead of schedule. The company’s (ASX: APT) continued astonishing growth, revealed in the 2021 financial year figures today, comes as the fintech announced a proposed sale and merger with US-listed payments company Square for A$39 billion. Afterpay posted FY21 underlying… Read more »

horse, fall, crash
ASX

Zip shares crash on results announcement as bad debts jump

- July 22, 2021 2 MIN READ

Shares in BNPL Zip crashed nearly 8% today after the company released its Q4 trading update. The fintech (ASX: Z1P) painted a rosy growth picture, but analyst nemesis UBS said the 4Q volumes “were below expectations” resulting in a  “significant volume miss” compared to forecasts, with US momentum starting to slow. Zip closed at $6.99,… Read more »

deflated balloon
ASX

Fintech Butn listed on the ASX and its shares went nowhere

- July 6, 2021 2 MIN READ

Small business transaction financing fintech Butn (ASX:BTN) went nowhere for investors on its ASX debut today with around 2% – 2.5 million – of the company’s shares traded before it, unusually, closing its first day of trade at the IPO price. Having raised $20 million at $0.50 a share for an indicative market capitalisation of… Read more »

caravan, camping
ASX

Camplify listed on the ASX and its share price fell

- June 29, 2021 2 MIN READ

Caravan rental platform Camplify listed on the ASX on Monday after raising $11.5 million in an Initial Public Offer. But despite starting the day with good news, upgrading its prospectus forecasts for gross transaction volume (GTV) and revenue, and seeing its listing price of $1.42 rise to $1.50 in intraday trade, shares in the Newcastle-based business… Read more »

Little Green Pharma
ASX

GREEN GINA: Hancock mining billionaire plants $15 million in medicinal cannabis venture

- June 22, 2021 2 MIN READ

Gina Rinehart’s mining business, Hancock Prospecting, has tipped $15 million into a $27.2 million capital raise by local medicinal cannabis venture Little Green Pharma. The raise comes as the five-year-old Western Australian ASX venture, which produce medical grade CBD and THC cannabis products for Australia, the UK and Germany, announced the acquisition of medicinal cannabis… Read more »

Parachute jump, plane
ASX

Nuix CEO and CFO depart in the wake of IPO forecast failures

- June 15, 2021 2 MIN READ

ASX-listed software company Nuix Ltd (ASX: NXL) has parted ways with its Chief Financial Officer, Stephen Doyle, with the company’s CEO, Rod Vawdrey, also announcing his retirement after the company recently revealed it will miss some of its prospectus guidance by tens of millions of dollars. Shares in the 20-year-old Sydney-based, global risk, compliance and… Read more »

knights, joust, horse
ASX

Altium shares soar after knocking back Autodesk’s $5bn takeover bid

- June 7, 2021 2 MIN READ

Shares in ASX-listed software venture Altium (ASX: ALU) jumped 40% after the company rejected an unsolicited $5 billion takeover offer from NASDAQ-listed multinational software behemoth Autodesk. The non-binding, indicative and unsolicited offer from for 100% of Altium at A$38.50 per share, by way of a scheme of arrangement, was rejected as “significantly” undervaluing the business,… Read more »

Data republic, Paul McCarney
ASX

ASX-listed software security company IXUP is buying Data Republic’s $50 million tech platform for $3m

- June 7, 2021 2 MIN READ

ASX-listed data security company IXUP Ltd (ASX:IXU) has scored a software bargain from the administrators of failed tech startup Data Republic, buying the data exchange’s intellectual property and IT for just $3 million. The purchase price represents a 94% discount to the almost $50 million Data Republic spent building the platform. The acquisition came from… Read more »

pizza being shared
ASX

The fast food company behind KFC and Pizza Hut is buying ASX-listed tech venture Dragontail Systems for $93m

- May 27, 2021 < 1 MIN READ

Restaurant tech venture Dragontail Systems (ASX:DTS) is being acquired by the US parent company behind KFC and Pizza Hut, Yum Brands, in a deal worth $93.5 million. Domino’s has been Dragontail’s leading customer in recent years. Its machine learning cameras monitor pizza quality and is the technology behind Domino’s Pizza Checker, as well as the… Read more »

Airtasker
ASX

Airtasker taps investors for $21 million, goes shopping, as it sets up for US & UK expansion

- May 24, 2021 2 MIN READ

Airtasker is tapping investors for more funds, seeking an additional $20.7 million just two months after raising $83.7 million during the company’s float on the ASX. The company (ASX: ART) is also spending A$3.4 million (US$2.6m) to acquire 10-year-old US services marketplace Zaarly, which has nearly 600,000 customers and 900-plus service providers, to accelerate its… Read more »