Fintech

Zip raised an extra $26.7 million from its eager shareholders

- January 18, 2021 < 1 MIN READ

Buy-now-pay-later fintech Zip has nearly doubled the amount it raised in its Share Purchase Plan (SPP), issuing more than 10 million new shares worth $56,739,524. Zip (ASX:Z1P) set out to raise $30 million through the SPP, but also accepted an extra $26,739,524.95 in oversubscriptions from eligible shareholders, who could subscribe for up to $30,000 worth… Read more »

Cyber security

Sydney tech unicorn Nuix’s share price continues to boom after its ASX debut

- December 7, 2020 2 MIN READ

Data analysis company Nuix’s dramatic debut on the ASX continued for a second day with the company’s share rising  13% to $9.06, having jumped as high as $10.95 in intra-day trade on Monday. Shares in the 20-year-old Sydney-based, global risk, compliance and security software company skyrocketed an astonishing 63% from the $5.31 issue price during… Read more »

Kogan.com
ASX

Kogan.com’s misleading ‘tax time savings’ ads cost the company a $350,000 fine

- December 7, 2020 2 MIN READ

A marketing campaign by Kogan.com that the Federal Court declaring “false and misleading” has cost the online retailer $350,000 as well as legal costs. Competition regulator the ACCC launched legal action against Kogan.com last year over the 2018 “tax time savings” alleging that the company increased prices on 621 products, in most cases by at… Read more »

Fintech

Humm teams up with fintech Douugh for US BNPL tilt

- December 1, 2020 2 MIN READ

The former Flexigroup, now rebranded as Humm, the name of its BNPL product, is launching a US line of credit, marketed as a BNPL solution in the highly competitive US market in a joint venture with fellow ASX-listed fintech Douugh. The proposed JV will result in “Douugh powered by humm” as a “BNPL” solution involving… Read more »

ASX

Enterprise SaaS veteran TechnologyOne had a bumper 2020

- November 24, 2020 2 MIN READ

  Underlying Profit Before Tax of $86.1m, up 13%  Revenue of $269.8m, up 12% SaaS Annual Recurring Revenue of $134.6m, up 32% Total Dividend of 12.88cps, up 8%  Coronavirus has been kind to enterprise software company TechnologyOne (ASX: TNE), with the country’s market leader announcing its annual results to September 30 today with revenue, underlying… Read more »

ASX

Optus is planning to buy teclo Amaysim for $250 million

- November 2, 2020 < 1 MIN READ

ASX-listed Amaysim Australia Ltd is offloading another part of its business, hoping to sell its mobile venture to long-term  wholesale partner, Optus Mobile for $250 million in cash. The deal follows the sale last month of its power provider, Click Energy, to AGL for A$115 million, and would bring an end to business just a… Read more »

Healthtech

Health-tech startup MedAdvisor is looking to raise $45 million as it buys a US medication venture for $49 million

- November 2, 2020 2 MIN READ

Shares in ASX-listed MedAdvisor have been placed in a trading halt today with the health-tech venture announcing plans to acquire US-based medication adherence company Adheris for US$34.5 million (AU$49m), while also raising AU$45 million to fund the acquisition. The company’s seeking a minimum of AU$35m in funds through an institutional placement at $0.45 per share,… Read more »