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Shareholders smashed with 95% loss as American BNPL operator Zebit rage quits from the ASX
At a time when the likes of Afterpay and ZipCo were booming, American buy-now-pay-later company Zebit (ASX: ZBT) thought they could quench Australian investors’ thirst for BNPL exposure when listing on the ASX in October 2020 via a $35 million IPO. But with mounting bad debts from its customers, Zebit has decided that it’s all
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Zip blocks out external noise with record revenue as Aussies BNPL over the holiday season
Cashing in on the busy retail season, buy-now-pay-later company Zip Co (ASX: Z1P) set a new quarterly record as Australians use the popular app over the past few months leaving repayments as a matter for future-self. With interest picking up around their platform, they have signed on 10 million new customers and a total of
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Investing in local tech jobs, Novatti revenues jump 55% on digital payments growth
As the world circles Australia’s thriving fintech industry which produced the largest takeover in Australian history, digital payments company Novatti Group (ASX: NOV) is staking its claim as a rising star on the global stage which has seen its revenue jump 55% amid a recent hiring spree. Although they are not as well known as
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Revenue records tumble as Novatti scales new heights in digital payments era
Few companies have been as well positioned for the digital transformation accelerated by a global pandemic than digital payments company Novatti Group (ASX: NOV) which has capped off a monumental year of fintech deals with record payment processing revenues. Generating $4.9 million in sales revenue for the quarter ended 30 June 2021, Novatti also set
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Neobanks back as APRA issues first new banking licence, Judo eyes IPO
Australians will soon have more options for their banking services with the Australian Prudential Review Authority issuing the first new banking licence since 2019 before the regulator hiatus through the pandemic. The newest license, granted to Alex Bank last week, signals a win for Australians who had tired of the Big Four’s power on the
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Afterpay selects Novatti as partner in New Zealand BNPL expansion
Kicking goals in Australia as the company responsible for coining the term ‘BNPL’, Afterpay (ASX: APT) is taking the world by storm and has selected little-known digital payments company Novatti Group (ASX: NOV) as a partner in their newest expansion territory. The partnership will see Novatti manage Afterpay’s payment card solutions in New Zealand where
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