Beforepay’s horror debut on share market

  • 📰 newscomauHQ
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 77%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

It shaved almost $70 million off the company’s valuation as consumers advocates warned younger generations are vulnerable to falling into debt.

The company’s share price plummeted from $3.10 to $1.90 beating last year’s record for the worst first-day performance on the ASX.The fintech, which has around 139,000 users, has tripled its customer base in just 12 months and on average, customers borrow $260 and take 15 days to pay it back.

He added improved technology and data meant they have increased limits for “some of their most creditworthy customers“ in Australia. “Although distinct from BNPL, they use the same gap in the law to offer products without safe lending practices.”

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 9. in PT

Portugal Últimas Notícias, Portugal Manchetes