Regal sinks $5m into Tic:Toc ahead of IPO 18 November 2021 6:43AM Latest news George Lekakis Regal Funds Management has pumped A$5 million into booming digital home loan origination platform, Tic:Toc Online, ahead of an expected IPO of the business in 2022. read more
Broker origination no hindrance to relationship banking, says Judo 09 November 2021 6:05AM Latest news John Kavanagh Since it launched in 2018, business lender Judo Bank has traded heavily on the promise that it operates on a relationship model, employing experienced bankers who get to know the customers and their b.. read more
IPO hopeful Beforepay had a $13m net asset deficiency on June 30 04 November 2021 7:25AM Latest news George Lekakis A widely touted IPO of digital payday lender Beforepay is likely to attract meticulous scrutiny from investors after the company reported a sharp deterioration in its financial performance. read more
Judo expects to make a profit this financial year 28 October 2021 6:00AM Latest news John Kavanagh Judo Bank closed the retail offer for its initial public offering on Tuesday and is on track to list on the ASX next week. read more
Butn digitises invoice financing 05 July 2021 6:05AM Latest news John Kavanagh Small business finance company Butn Ltd made its debut on the Australian Securities Exchange on Friday, signalling its plan to grow its presence in what it calls the “transactional funding” market - i.. read more
PNG banking group joins ASX 26 May 2021 5:36AM Latest news George Lekakis The ASX welcomed a new banking stock to its electronic boards on Tuesday with the listing of scrip in BSP Financial Group Limited. read more
Pepper launches IPO 18 May 2021 3:53AM Latest news John Kavanagh Pepper argues that there are a number of underserved segments in the Australian finance market, including non-conforming mortgages, self-employed borrowers, the used car market and the leisure vehicle.. read more
Scaled-back Latitude makes its ASX debut 21 April 2021 4:08AM Latest news John Kavanagh Consumer lender Latitude Financial Services was admitted to the official list of the ASX yesterday, completing a more modest listing than the company’s aborted attempt in 2019. read more
Briefs: HESTA backs AU, Heritage bulks up executive ranks, Kyckr bo 02 December 2020 6:03AM Latest news Banking Day staff Industry fund HESTA has committed A$20 million as a cornerstone investor in Australian Unity’s inaugural issuance of Mutual Capital. read more
Liberty float on leaky mortgage pool 30 November 2020 5:46AM Latest news Ian Rogers Liberty Financial are forecasting that their business will take a backward step in their core product, residential mortgage finance, ahead of their upcoming ASX listing. read more
Ma’s Liberty all fun and profit 23 November 2020 5:31AM Latest news Specialist credit investors - their owners anyway, with international banks among them - are priority allocations in the bookbuild underway for the IPO of Liberty Financial. The prospectus will be out.. read more
Harmoney makes ASX debut 20 November 2020 4:39AM Latest news John Kavanagh New Zealand consumer lender Harmoney commenced trading on the Australian Securities Exchange yesterday, after completing an IPO that raised A$92.5 million. read more
Credit Clear makes strong gain on ASX debut 28 October 2020 6:17AM Latest news John Kavanagh Receivables management specialist Credit Clear made its debut on the Australian Securities Exchange yesterday, after raising $15 million through an initial public offering last month. read more
Douugh makes ASX debut 07 October 2020 5:51AM Latest news John Kavanagh Fintech Douugh Ltd made its debut on the ASX yesterday and used the occasion to detail its product release plans for Australia and the United States. read more
Openpay pitches a differentiated BNPL offering 04 December 2019 4:42PM Payments, mobile & wallets John Kavanagh Buy now pay later company Openpay launched its initial public offering this week, with a pitch to investors that there is plenty of opportunity for its differentiated product in an increasingly crowde.. read more
Briefs: Tyro sets its price, credit union acquisition 03 December 2019 4:49PM Briefs Banking Day staff Tyro Payments set the price of its IPO at the top of the expected range. read more
MoneyMe to pursue US expansion with IPO proceeds 25 November 2019 4:51PM Consumer lending John Kavanagh Online consumer lender MoneyMe plans to use the funds raised in its initial public offer to increase its marketing spend, invest in product innovation and expand into new markets. The company says it.. read more
Briefs: NAB, ANZ, CBA PERLS and Latitude 14 October 2019 4:57PM Briefs Banking Day staff It's a tad early for exit interviews, yet reflective CEOs of NAB and ANZ spoke with this feel to a degree in features in the national newspapers at the weekend. read more
Zip goes global with PartPay play 21 August 2019 3:41PM Payments, mobile & wallets George Lekakis A constellation of prominent Sydney and Auckland investors are in line to score fat returns on their seed investments in Kiwi instalment finance provider PartPay after Zip Co announced a buyout of the.. read more
Margin lending runoff continues 16 August 2019 3:55PM Consumer lending John Kavanagh The decline of margin lending to the status of an obscure financial product continues, with the number of client accounts below 100,000 for the first time since 2001. read more