Buy-now-pay-later fintech Afterpay has moved to reassure shareholders after the company’s share price went over the cliff amid concerns about its future as coronavirus provokes an economic crisis. Yesterday the Reserve Bank cut interest rates to the RBA’s stated floor of 0.25%, as well as launching a $90 billion bond-buying program to keep interest… Read more »
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 »
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 »
Shares in ASX-listed buy now, pay later (BNPL) fintech companies have plummeted in the last 24 hours after investment bank UBS placing a sell rating on market darling Afterpay and rival Zip. Afterpay’s share price hit a record high of $37.30 on Tuesday, up more than 200% on its $12 start to 2019. But… Read more »
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 »
• FY19 global underlying sales increased 140% to $5.2 billion • Active customers of 4.6 million at end of FY19, up 130% • The company currently gains 12,500 new customers daily • Active merchants of 32,300 at end of FY19, up 101%. • US underlying sales of nearly $1 billion in FY19. • More… Read more »
Afterpay Touch boss David Hancock received the Finnies award for FinTech Organisation of the Year last week. The buy now pay later fintech startup is seeking $300 million from the sale of 13.8m new shares at a 10% discount. A share placement plan with existing shareholder could raise up to $30m after that. Founders Anthony… Read more »
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 »
Fintech Australia board members at The Finnies (l-r), Lauren Caplin of Reinventure, Simone Joyce of Paypa Plane, chairman Alan Tsen, GM of Stone & Chalk Melbourne, Carla Harris of Longevity, Melissa Mack of MoneyPlace, GM Rebecca Schot-Guppy, and Tim Dean of Credi.com. Up Bank, Airwallex and Afterpay are among the major winners of the 2019… Read more »
Payments disruptor Afterpay rocked the industry when it took out fintech organisation of the year at the Finnies for the second year in a row last year. Now, the global buy now, pay later company has become the first winner to sponsor the Finnies and is a major sponsor for the 2019 Awards.
Afterpay has taken out the Deloitte Fast 50, with average revenue growth of over 8,000 percent over the last three years.
Brighte founder and CEO Katherine McConnell has been named Australia’s fintech leader of the year and Afterpay the fintech organisation of the year at the second annual Finnie Awards.
Afterpay has announced a partnership with Trade Me that will see the startup’s ‘buy now, pay later’ offering rolled out to Trade Me merchants.
Sydney-based fintech zipMoney has announced a strategic partnership with global ecommerce tool Shopify, which will see the startup’s digital wallet solution rolled out to Shopify’s network of merchants.