Despite the ubiquitous BNPL decline, consumer lending group humm (ASX: HUM) appears to be taking the blow well. To begin with, the Company undertook a private placement in August 2023, providing $760.7 million in increased funding capacity for commercial growth. And thanks to its BNPL growth, the Company has proposed a fully franked final dividend
Read More
After two “remarkable” attempts at business expansion, with one landing in hot water with the ASX while the other one completely flopped, shares in wealth management app Douugh (ASX: DOU) remains confident that the glass is still half full because hey, they say third time’s a charm. The Company claimed that its super money app
Read More
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
Read More
Binding – what a great word! This will be the sentiment amongst most shareholders in buy-now-pay-later company humm group (ASX: HUM) which like its peers has seen a sharp downturn in BNPL customers. Thankfully for those shareholders though, humm has a “binding” agreement to sell their consumer finance business to Latitude Group (ASX: LFS) with
Read More
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
Read More