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…
Continue Reading
