Business
Why the Douugh (ASX:DOU) share price is rocketing 15% higher today
The Douugh Ltd (ASX: DOU) share price is rocketing higher today. This comes after the company signed a non-binding memorandum of understanding (MoU) with Humm Group Limited (ASX: HUM). At the time of writing, the Douugh share price is up 15.38% to 30 cents.
What’s driving the Douugh share price higher?
The Douugh share price is soaring higher today after signing an MoU with Humm (formerly known as Flexigroup).
According to the release, a $600 million joint venture agreement will see the launch of a Douugh branded ‘buy now, pay later’ (BNPL) feature in the United States. The platform is expected to be available some time in the first half of the 2021 financial year.
Available through the Douugh app, the BNPL offering will…
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