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ASX-listed fintech Peppermint launches ‘Bizmoto Delivers’ micro-business pilot program in the Philippines
Peppermint Innovation Ltd (ASX: PIL) advises that a pilot of its Bizmoto Delivers micro-business program has commenced in the Philippines. The program officially started in the province of Cavite last week (Friday, 5th April), with the first 15 BizmoGo riders accredited to build their own micro business using Peppermint’s Bizmoto technology platform combined with a motorcycle that allows them to provide services to the people of the Philippines via a mobile phone app. The Bizmoto Delivers pilot program will also roll out in Novaliches, Bulacan and Pangasinan over the coming few weeks – with approximately 60 BizmoGo riders expected to be engaged in the Bizmoto Delivers trial. The pilot program […]
Afterpay inspires US rival Sezzle to list on ASX
US Afterpay competitor Sezzle is set to become the latest buy now, pay later, fintech to list on the ASX, with the Minneapolis-based start-up inspired by the success of its local rivals. Having already raised $US5.6 million ($7.9 million) in a pre-IPO round, led by Chicago-based institutional investor Continental Investors, Sezzle intends to list within the next few months and representatives were travelling around Australia last week meeting with local investors. Speaking to The Australian Financial Review, co-founder Charlie Youakim said Sezzle was modelled on local company Afterpay, with the co-founders wanting to bring the buy now, pay later model to the US. To read more, please click on the link below….Source: […]
Splitit: why this payments company is dividing the market
The last time fund manager Dean Fergie’s cycling buddies had such a specific interest in the financial markets was during the bitcoin boom. “Two years ago, everyone was going, hey, what about bitcoin. Now it’s about Splitit – it’s the stock everyone is talking about,” says the Melbourne-based Cyan Investment Management director whose fund bought shares in the company during its initial public offering. Splitit Payments, a company that gives credit-card customers the option of paying for purchases in instalments, listed on the Australian Securities Exchange in January with a market capitalisation of just $54 million, issuing shares at 20¢ each. Now, its market capitalisation is $450 million – more […]
Aussie online investors grow in Q4, despite volatile markets
Despite a relatively volatile market towards the end of 2018, online traders in Australia were not deterred, leading to an uptick in the population of online investors in the second half of 2018, according to the 2018 2H Online Broking Report by Investment Trends. Specifically, for the six months to December of 2018, the population of online investors in the equities and exchange-traded fund (ETF) segments increased by 4.2 per cent from 720,000 up to 750,000, the report said. According to the report, which surveyed more than 8,000 Australian online investors in the broking market, during the final quarter of 2018, which was particularly volatile, many online traders continued to […]
