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Humm and Latitude call off sale despite BNPL woes as rogue Director outmuscles Board
In a remarkable series of events headed by one rogue Director, the proposed $335 million sale of Humm’s (ASX: HUM) buy-now-pay-later division to Latitude (ASX: LFS) has been shot down just two days after the Chair of Humm pleaded with shareholders to accept the acquisition proposal. What makes the saga most incredible is the global
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Latitude to acquire Humm’s consumer lending division as BNPL cools off
It’s confirmed- and whilst it doesn’t have the same scoop-your-jaw-off-the-floor effect as Afterpay’s (ASX: APT) $39 billion takeover from Square, Aussie grown BNPL Humm’s (ASX:HUM) consumer lending division is being acquired by Latitude Group (ASX: LFS). The deal is expected to bring $55 million in annual synergies for Latitude which are anticipated to be fully
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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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Latitude makes $335m play for Humm’s BNPL division after BOQ pulls out
Australia’s OG buy-now-pay-later business is set to be cashed out at a high as the sector undergoes a consolidation phase with Humm Group (ASX: HUM) having been tapped on the shoulder by Latitude (ASX: LFS) for its consumer finance business to the tune of a $335 million offer. The offer comes in the form of
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Instant PayDay lending: will wage advance apps be the next fintech craze?
There’s a new player in the fintech lending space, with a tongue-in-cheek name that is no doubt a brazen dig at the prolific Afterpay (ASX: APT). I’m talking about Beforepay, the platform that lets you access your wages early, for a set fee. Less: buy now, pay later. More: wage advance, buy now, with fees…not
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Cash Converters so much more than pawn brokers as non-bank lending thrives
At a time when Buy Now Pay Later companies have disrupted the Australian credit economy, Cash Converters (ASX: CCV) is making a strong comeback in the personal finance sector having transitioned away from their image as opportunistic pawnbrokers. The renaissance of Cash Converters which has increased marketing spend, evidenced through television advertising that features prominent
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