fintech

Dip buyers emerge, ASX moves higher, EML Payments enters trading halt, Nuix continues to fall The ASX200 (ASX:XJO) fell throughout the day despite a positive open, finishing 0.1% higher as dip buyers emerged following last week’s unexpected sell-off. The IT and energy sectors were the stories of the day, with the former returning to normal heading 1.2% higher…

OpenMarkets Group (OMG) is readying itself for an ASX listing following an announcement this week that it had made a series of board level appointments. “Major appointments include Naseema Sparks AM as chairman; Andrew Rutherford and Paul Rayson as non-executive directors; Bob Alexander as executive director and chief financial officer; and Phil Cussen as chief…

The annual ASX Small and Mid-Cap Conference took place this week, albeit in a virtual setting, over two days. The conference showcased a diverse mix of quality small-mid cap companies with names such as Mydeal.Com.au (ASX: MYD), Laybuy Group Holdings (ASX: LBY), Plenti Group (ASX: PLT), hipages Group (ASX: HPG) and Aussie Broadband (ASX: ABB)….

Goldman Sachs this week released its latest crossover report, which seeks to identify the “most loved” and “unloved” stocks in the US. The report reviews the quarterly reports of some 507 US mutual (or “managed”) funds, representing US$2.7 trillion ($3.4 trillion) in assets under management, and compares these to the reports of 820 hedge funds,…

Vanguard this week released its ETF Quarterly Report highlighting some of the key trends emerging from the fast-growing ETF sector. The analysis covered every exchange-traded fund on offer, including the reasonably new “active ETFs” such as those issued by Magellan, Munro Partners and Loftus Peak. It was another quarter of records, with the sector seeing…

Micro-investment platform Raiz Invest (ASX: RZI) capped off a stellar year by announcing the launch of its Custom Portfolio product this week. The option joins the seven existing automated investment portfolios that have seen one of Australia’s first FinTechs grow to over $600 million in assets under management. In a personal letter to shareholders and…

WLTH is a brand-new financial services neo-platform providing Australians with a smarter, sustainability-focused solution to financial products but particular residential and commercial loans. WLTH is the latest ‘non-bank’ digital lending and payments platform seeking to disrupt the financial services industry in Australia. The launch follows the recent shutdown of neo-bank Xinja after it failed to…

Since COVID-19, the relationship between Australia and China has become more frosty with the Chinese cutting back on trade with Australia. Australian companies with business operations in or exporting to China have been impacted by the increasing opaqueness in the relationship between the countries. However, the trade relationship with China continues to remain significant for…

Airbnb, one of the largest online home rental companies, made a spectacular debut on the Nasdaq last Thursday, with shares more than doubling to give a US$100 billion valuation on its first day of trade. Shares in Airbnb began trading on Thursday at US$146 per share (A$194), rising 115% above its IPO price of US$68,…