News & Analysis

Afterpay’s share price just topped $50

- May 26, 2020 2 MIN READ

The astonishing resurrection of Afterpay’s share price after falling below $10 just two months ago continued today with the buy-now-pay-later fintech’s share price briefly topping $50 in morning trade today. Afterpay (ASX: APT) closed at a new record high on Monday of $49, having announced that interim chair Elana Rubin will step into the role,… Read more »

News & Analysis

5 things you should know about tech today

- May 22, 2020 3 MIN READ

G’day team, it’s Friday and just as you’re allowed out, it starts to rain.. And here’s what’s going on.   1.  Apple comes to CovidSafe’s rescue Remember the problems for iPhone users with the Australian government’s contact tracing app, CovidSafe? It was all about the Bluetooth – the detection device in the app – not working… Read more »

News & Analysis

Afterpay money laundering audit finds breaches came from ‘incorrect’ legal advice

- November 25, 2019 3 MIN READ

Legal advice that wrongly classified Afterpay as a factoring service led to breaches in Australia’s strict anti-money laundering laws, an independent audit of the ASX-listed fintech payments provider has found. Afterpay shares have jumped more than 10% to above $33 in morning trade on Monday after the audit, by Neil Jeans of Initialism, broadly praised the… Read more »

News & Analysis

5 things you should know about tech today

- October 17, 2019 2 MIN READ

Hello Thursday! Here’s the tech news.   1. UBS says sell Afterpay  Shares in buy now, pay later fintechs are copping a beating today. A research note by investment bank UBS placing a sell rating on Afterpay and rival Zip, appeared to spark an investor stampede for the exits. Two days after hitting a record high of… Read more »

News & Analysis

‘A LACK OF MOATS’: NY business professor who predicted WeWork’s demise picks apart Afterpay

- October 9, 2019 2 MIN READ

As WeWork began its ill-fated IPO attempt a few months ago, NYU Stern School of Business Professor Scott Galloway delivered several devastating assessments of the business, which many of his predictions coming to pass. In the wake of WeWork’s plumment, Prof Galloway has turned his attention to the fintech startup darlings offering buy now pay… Read more »

News & Analysis

Australia’s money-laundering cop is worried about fintech startups such as Afterpay

- June 7, 2019 2 MIN READ

Afterpay Touch boss David Hancock received the Finnies award for FinTech Organisation of the Year this week. Australian global fintech Afterpay has been “in dialogue” with the federal government’s financial crimes body, AUSTRAC, over concerns about potential money-laundering concerns, the company has revealed. In a statement to the ASX on Thursday, where the company revealed… Read more »