Business

Miffed SafetyCulture boss Luke Anear flags US move because he doesn’t like the words Australian media use to cover company losses

- November 8, 2022 3 MIN READ

As red ink goes for tech companies, SafetyCulture did ok last financial year, posting a cash loss of $35.5 million in FT22, up around 50% on FY21’s $23 million loss. Last week Nasdaq-listed Atlassian revealed its results – a A$52 million operating loss for the September quarter. ASX-listed BNPL Zip Co posted a staggering A$1.1… Read more »

Fintech

The small detail in Zip’s results that spell out the longer term challenge for BNPLs

- March 1, 2022 3 MIN READ

Zip shares fell 7.7% following resumption of trade on Tuesday after the company announced a $491 million all-scrip takeover of US BNPL Sezzle. The merger, offering a 31.7% premium on Sezzle shares based on the 30-day volume weighted average price, is another sign of an expected consolidation of the crowded BNPL market following Square’s takeover… Read more »

ASX

Business lender Prospa’s latest results suggest small business is getting back on track

- October 30, 2020 3 MIN READ

 • Total originations of $80 million in 1Q21, up 265% on 4Q20 • Originations, excluding loans originated under the Government’s Guarantee Scheme, up 107% on previous quarter • Annual portfolio yield of 31.5% maintained • Significantly reduced loan deferrals with 1,681 accounts in ANZ on full or partial deferral Fintech Prospa (ASX: PGL) has seen… Read more »

Topics

Artists e-commerce startup Redbubble’s shares have soared as it posts another profit

- October 24, 2019 2 MIN READ

Redbubble CEO Barry Newstead. Photo: supplied ASX-listed online marketplace Redbubble, which sells t-shirts, mugs and art by independent artists, has seen its revenue jump 37% to AU$70 million in the first quarter of FY2020, posting a massive turnaround in its profitability on 12 months ago. Shares in the business (ASX: RBL) have doubled in value… Read more »