It’s been a rough first month since listing on the ASX for Buy-Now-Pay-Later (BNPL) service provider Openpay (ASX: OPY) but the fintech is diversifying into the B2B market with the launch of Openpay For Business – software designed to streamline trade account management. Despite its Openpay branding, Openpay For Business will not offer B2B partners
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Seeking to increase their exposure to the Buy-Now-Pay-Later (BNPL) trend, Commonwealth Bank (ASX: CBA) has invested a further USD $200 million into European BNPL provider Klarna, bringing their total investment to $300m for a 5.5% stake. CBA invested US$100m into Klarna Group last year for a 1.8% stake in the company and with this additional
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Melbourne-based tech company Dubber (ASX: DUB) may be in line for a bump in revenue having agreed to terms with Telstra (ASX: TLS) which will enable Telstra clients to access Dubber’s call recording software. Already the world’s most scalable call recording service, Dubber was founded in 2011 but quickly grew to service telecommunications clients across
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In the past week, China’s Coronavirus as potentially our next black swan event weighed heavily on financial markets. Whilst it remains too early and difficult to quantify the precise impact, market analysts have estimated that if the problem is prolonged for another month, the financial impact could be, and that is a big ‘could be’,
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Electric scooter and motorbike manufacturer, Vmoto (ASX: VMT), has announced that eMoped Motosharing will launch Australia’s first electric motorcycle ridesharing service in Brisbane, ordering 50-units of Vmoto’s CUX model. While the electric motorcycle ridesharing service is only available in Brisbane, eMoped expect to begin operations across other Australian cities in future years. Charging a $1
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Australian innovator Nanollose (ASX: NC6) has partnered with Indian production giant Grasim Industries for the exclusive development of Nanollose’s tree-free fibres which are an alternative to Cellulose – a hidden polymer building block used in everyday life such as clothing and paper. As the flagship business of Aditya Birla Group which delivered revenues of more
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