Business
Buy now, pay later pioneer’s look-at-me capital raising – The Australian Financial Review
Despite its long history in the buy now, pay later game Flexigroup hasn’t matched the momentum of Afterpay and Zip. A name change and a capital raising could help.
Zip is worth $3 billion, with its shares up 114 per cent over the same period.
But Flexigroup is worth just $515 million. And the stock is down 30 per cent year-to-date.
The capital raising, and two other announcements chief executive Rebecca James made on Wednesday morning to accompany a solid set of full-year numbers, are designed to change that.
Flexigroup chief executive Rebecca James is trying to change the narrative around the stock. Graham Jepson
First, Flexigroup will rebrand as Humm…
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