EML Payments Rings In the Changes (Again)
The years-long EML Payments soap opera gave ASX investors yet one more plot twist Monday with a very brutal management change and a monumental shift in strategy.
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Hacked Fintech Not Left with Much Latitude
Latitude Financial’s hacking attack is now one of the worst ever reported in this country and you’d be right in wondering if it could mean the end of the company in its present form.
Read MoreHow Splitit’s (ASX: SPT) Business Model Differs from BNPL Companies
Splitit Limited (ASX:SPT) CEO Nandan Sheth talks with FNN’s Tim McGowen about the buy now, pay later sector, and Splitit’s various business model partnerships.
Read MoreTyro Benefits from Opportunities Knocked Back
Having been the focus of plenty of corporate interest last year – including from Westpac – shares in Tyro Payments surged nearly 7% Monday on news of an earnings upgrade.
Read MoreWBC Walkout Sends Tyro Shares Tumbling
Shares in Tyro Payments fell more than 20% at one stage yesterday after Westpac ended takeover talks and a second offer from a private equity group failed to win approval.
Read MoreLater Becomes Now for CBA in Klarna Flutter
We now have a better understanding of why the Commonwealth Bank slashed the value of its stake in Swedish BNPL company Klarna, whose value has lost nearly $US40bn since mid-2021.
Read MoreWill Laybuy Be the First Profitable BNPL Company?
Laybuy Group MD Gary Rohloff discusses the company’s quarterly business activities update for 1Q FY23 as well as the outcome of the strategic review announced in April.
Read MoreBNPL: From Hip and Sizzle to Zip and Sezzle
The Buy Now Pay later mess got even messier on Tuesday when the ZIP – Sezzle merger fell apart and the market realised the Commonwealth Bank’s stake in European giant Klarna had collapsed.
Read MoreEML Payments (ASX:EML) surges on Spanish deal
EML Payments (ASX:EML) has collaborated with Spain’s national post office Correos to load around 500,000 prepaid cards worth $603 (€400) each.
Read MoreOne Hummdinger of a Boardroom Spill
The acrimony on the Humm Group board over the failed attempt to sell its consumer finance business spilled over in the shape of wholesale boardroom changes on Wednesday.
Read MoreComm Bank Set to Take Big Hit on Klarna
The CBA is facing a billion dollar plus impairment on the book value of its 5.5% stake in BNPL giant Klarna following news the Swedish-based group is struggling to raise new capital.
Read MoreApple Entry Sends BNPL Sector into Panic Mode
The already struggling BNPL sector took a further hit on the ASX Tuesday after Apple announced a major expansion of Apple Pay to Apple Pay Later, a form of buy now pay later.
Read MorePushpay Officially in Play after BGH Approach
BGH Capital has made an approach to payments group Pushpay after securing a 20% pre-bid stake and confirming that it and another shareholder are working on a bid proposal.
Read MoreLayBuy Quarterly Focuses on Profit and Cash Flow
Corporate Connect analyst Joh Snyman has released an updated research report on NZ-based fintech Laybuy Group after the company released its 4Q22 activities report.
Read MoreEML Shares Plummet on European Concerns
Tuesday wasn’t the best of days to drop bad news on an already unsteady ASX, but payments group EML Payments had no option but to.
Read MorePlenti of Room for Improvement
Shares in digital lender Plenti had fallen 30% year to date but they got around a third of that loss back on Wednesday when the company surprised with an earnings upgrade.
Read MoreFurther Rationalisation Afoot in BNPL Space
ZipCo is seeking to buy rival Sezzle in a $491 million all share deal that Zip claims will accelerate its path to profitability, even in the face of tougher conditions in the once buoyant sector.
Read MoreUS Regulator Puts BNPL Under the Microscope
The powerful Consumer Financial Protection Bureau has rattled the BNPL sector by opening an inquiry that could very well set new regulatory standards in the next year or so.
Read MoreTime is Money for Afterpay Shareholders
Nervous times for Afterpay shareholders as the value of the Block deal continues to slide as it awaits final approval from the sole remaining regulator, the Bank of Spain.
Read MoreCould BNPL Player Laybuy be a Takeover Target?
Corporate Connect analyst Joh Snyman has released an updated research report on Laybuy (ASX: LBY), which after recent price weakness may be the focus of corporate activity.
Read MoreBid Now, Squabble Later for Afterpay
Afterpay shares fell again yesterday after the company revealed it would push ahead with a meeting regarding the takeover by Block without approval from a major shareholder.
Read MorePlenti in the Tank as Fintech Targets $5 billion Loan Book
As it tracks through its first year on the ASX, fintech consumer lender Plenti could hardly have posted a more impressive interim result, with virtually all metrics heading in the right direction.
Read MoreFast-Growing Laybuy Trading at a Discount to Peers
Corporate Connect analyst Joh Snyman has today released a research report on Laybuy, valuing the BNPL company at $A0.96 per share vs the stock’s current trading price of $A0.45.
Read MoreBuy Now, Pay Later: A new wave in payments
GAM Investments’ Kevin Kruczynski examines the recent growth and corporate activity in the BNPL space and why the payment method is appealing to younger consumers.
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