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 »
• 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 »
US-based buy-now-pay-later Zebit bucked the trend for soaring BNPL shares when it made its debut on the ASX today, losing around 34% of its listing price of $1.58 to close at $1.04. The online retailer (ASX: ZBT) with a BNPL offering, which targets “credit challenged” US consumers, raised $35 million in its IPO, but… Read more »
Shares in fintech MoneyMe (ASX: MME) have jumped more than 12% in opening trade on Tuesday after the company announced a new $167 million warehouse funding facility led by Westpac, that will cut its funding costs by more than 50%. The company put its shares in a trading halt yesterday pending the announcement. The deal… Read more »
Financial platform Douugh will finally make its long-awaited ASX listing this week in a reverse takeover of suspended telco Ziptel. The listing is the latest twist and turn for the fintech, which in recent months raised $750,000 from equity crowdfunding as part of a $6 million series A round ahead of the float. Douugh doesn’t… Read more »
Shares in buy-now-pay-later fintech Afterpay (ASX:APT) are down more than 6% trade on Thursday after the company announced Chief Financial Offer (CFO) Luke Bortoli will step down after three years in the role. Rebecca Lowde, Chief Executive of ASX-listed Salmat, and the former CFO of fintech Bravura Solution, will become CFO on October 6. Afterpay… Read more »
The elephant entered the buy now, pay later (BNPL) room on Tuesday and the rockstar stocks of the ASX took a massive hit as a result. PayPal announced the launch of its ‘Pay in 4’ platform in the US, which mimics Afterpay’s 4 instalment solution. The announcements sent Australian-listed BNPL shares into a nosedive, with… Read more »
FY20 loan originations of $450.9 million, down 10.1% on FY19 FY20 total revenue of $142.1 million, up 4.2% EBITDA loss of $19.5m (FY19: -$0.8m) EBITDA $4m, excluding Covid-19 provision, and a one-off loan receivable adjustment of $5.5m Total ANZ customers up 43.5% over 30 June 2019 Customer repayments since June 30 better than expected Prospa… Read more »
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