Fintech

Fintech Douugh’s reverse listing hits the ASX today

- October 6, 2020 2 MIN READ

Financial platform Douugh makes its ASX debut in a reverse takeover of suspended telco Ziptel. The former Ziptel will be resinstated for trading as Douugh (ASX:DOU) when the market opens for trading at 10am today. Financial reports lodged with the ASX ahead of the relisting reveal that Douugh lost $1.29 million in FY2020, down from… Read more »

News & Analysis

Xero shares hit $100

- August 25, 2020 < 1 MIN READ

When founder Rod Drury listed his cloud-based accounting platform Xero with an IPO on the New Zealand stock exchange in 2007, raising NZ$15 million, the company was less than a year old, had no sales and less than 100 customers. It had a market capitalisation of NZ$55 million. Analysts at the time joked that Xero… Read more »

News & Analysis

Shares in BNPLs Zip and Afterpay surge on acquisition news ahead of their FY20 results

- August 25, 2020 2 MIN READ

ASX-listed buy-now-pay-later stocks continue to be catnip for investors with shares in Afterpay and Zip Co. both soaring to fresh highs on Monday following performance updates ahead of both companies releasing their FY2020 results on Thursday. Afterpay (ASX: APT) shares rose 4.79% on Monday to close a new record of $82.73 after announcing plans to… Read more »

Xero Learn
News & Analysis

Xero is getting into business lending, buying Sydney financing startup Waddle for $80 million

- August 25, 2020 2 MIN READ

Accounting software giant Xero Ltd is moving into lending to small business through invoice financing, announcing plans to acquire Sydney startup Waddle for up to $80 million. Xero (ASX: XRO) said the acquisition of the cloud-based lending platform aligns with its strategy to grow the small business platform and to address critical small business financial needs. “Waddle’s… Read more »

News & Analysis

WiseTech shares go ballistic after FY20 results

- August 19, 2020 3 MIN READ

Revenue up 23% on FY19 to $429.4m Operating profit flat at $80.5m  Net profit after tax up 197% to $160.8m Underlying NPAT flat at $52.6 million Dividend of 1.6 cents per share Shares in Sydney-based logistics tech company WiseTech Global skyrocketed 34% on Wednesday following the release of its 2020 financial year results. The Company… Read more »