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Latest Articles
Shane White takes over leadership of Equity Story as market conditions result in pullback from retail investors
Cost-of-living pressures may have mostly been referenced during reporting season by companies reliant on discretionary spending, but this has filtered into the world of financial services for Equity Story (ASX: EQS) whose target customers are those same households on low-to-middle incomes – retail investors. Seeking to navigate through these rocky conditions, Shane White has been
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Auswide Bank sees NPAT decline by over 45% in the face of tough competition
From being a building society—offering financial services like loans and mortgages—to being an Aussie-owned bank, Auswide Bank (ASX: ABA) hasn’t had an easy rise up to take on the Big Four with intense competition on the home loans and deposit fronts. Auswide Bank reported a 45.7% decrease in its Statutory NPAT to $7.6 million amidst
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Butn reports significant growth in platform lending and record user registrations
Australian finance service company Butn (ASX: BTN) has reported a strong performance for Q3 FY23, with record originations and revenue. The quarter’s loan originations totalled $109.0 million, up 77% on the previous corresponding period, with March representing another record month with $41.1 million in originations. Butn’s quarterly platform originations also increased significantly, up 158% on
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HALO Technologies to enter European markets via financial service firm acquisition
Financial services company HALO Technologies (ASX: HAL) is putting its IPO money to use with global expansion in 2023 via the acquisition of Resilient Fund Managers Limited, a London-based peer that will fast-track HALO’s entry into the market. The acquisition will leverage Resiliant’s regulatory licences, aka the equivalent of an AFSL, in the UK and
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Kelly Partners emerging as national player with further NSW expansions
Accounting and financial services company Kelly and Partners (ASX: KPG) is accelerating its national expansion plans with the acquisition of a new firm located in Gosford, NSW as part of a strategy to roll up accounting businesses that can become Top 100 firms by size. The strategic acquisition will provide a Kelly Partners subsidiary with
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International payments processor Novatti grows revenue by 45%
Fintech developer and transactions processor Novatti (ASX: NOV) has reported record payment processing revenues for the quarter ending December 31, 2019, a rise of 45% compared to the corresponding 2018 quarter. The increase from $1.15m to $1.55m comes solely from Novatti’s international transaction processing business, just one division of the Company which has a banking
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