Struggling fintech sees opportunity in ANZ’s MYOB deal

who question the strategic rationale, as well as the hefty price tag.

Butn provides funding to its small business customers on a transaction-by-transaction basis for a fixed fee – between 2 per cent and 5 per cent – per transaction with 30 to 90-day repayment terms.Its service adds a clickable button onto software platforms such as MYOB or online marketplaces, giving access to instant finance solutions.But since then, the stock has been swept up in the; it’s down around 76 per cent to 12¢ with a market capitalisation of $9 million.

Bendigo and Adelaide Bank’s express home loan offering is powered by start-up Tic:Toc. Last year the pair deepened their relationship to the tune of $25 billion over seven years. Flare’s offering is predicated around starting a new job being a natural time to choose not just a super fund, but to create a new bank account and organise tax and other job-related benefits.

And pigs might fly, Maile molto male, good reason to buy Xero

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The two reasons why ANZ is chasing MYOBOPINION: If the deal goes ahead, ANZ would be the seventh owner of MYOB in the past 25 years, including two stints as a public company, the latter of which ended with KKR’s $2.4 billion privatisation in May 2019. No chance of ANZ management turning it around. They can’t even get their core business right. They are more concerned about running a social dialogue than looking after customers and shareholders. Xero leaves Myob for dead. KKR saw them coming
Source: FinancialReview - 🏆 2. / 90 Read more »

ANZ confirms it is in talks to buy MYOBANZ Bank confirmed it is in talks to buy small business accounting software company MYOB from private equity giant KKR, but says an agreement is yet to be reached.
Source: FinancialReview - 🏆 2. / 90 Read more »