Business
FlexiGroup joins the equity raisers, readies BNPL transition – The Australian Financial Review
FlexiGroup is set to ask investors to bankroll its transition to a focused buy now, pay later provider on Wednesday.
The raising and rebrand will coincide with FlexiGroup’s financial results for the year to June 30, which will be presented by CEO Rebecca James and CFO Jason Murray. It’s expected to announce cash net profit after tax of $29.2 million, making it the only profitable BNPL provider in the sector.
Analysts expect the company to report $451 million revenue and $182.7 million EBITDA for the 2020 financial year, according to S&P Global Market Intelligence data. However, the greater focus will be o…
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