'No hard and fast rule':Fintechs and banks size each other up
Start-ups

'No hard and fast rule':Fintechs and banks size each other up

Westpac's banking services partnership with Afterpay will force fintechs and the big banks to reassess their relationship with each other,a trend that Zip co-founder and boss Larry Diamond says further reinforces the disruption sweeping the financial services sector.

  • byCara Waters

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Afterpay's scale chasing Westpac deal triggers share price spike
Start-ups

Afterpay's scale chasing Westpac deal triggers share price spike

The buy now,pay later heavyweight's shares have pushed past the $100 mark as it jumps on board Westpac's digital platform to mine more data from its customers.

  • byCara Waters
Afterpay ramps up expansion plans with $80m Europe deal
Fintech

Afterpay ramps up expansion plans with $80m Europe deal

Afterpay is ramping up its global expansion plans by buying European buy now,pay later business Pagantis for €50m.

  • byClancy Yeates
Afterpay founders in $250m sell-off as company announces $1b capital raise
Updated
Retail

Afterpay founders in $250m sell-off as company announces $1b capital raise

Anthony Eisen and Nicholas Molnar are selling $250m in shares as the company looks to speed up its global expansion after the pandemic delivers a sales surge.

  • byDominic Powell
CBA confirms future of startup Beem It under review
Payments

CBA confirms future of startup Beem It under review

The CBA says the future of the payments startup it has heavily backed,is under review as it considers options that triggered the sacking of Beem It's CEO.

  • byColin Kruger
Bulletproof buy now,pay later outfits a hit with investors
Payments

Bulletproof buy now,pay later outfits a hit with investors

The buy now,pay later phenomenon is,for the time being,proving to be more than a match for the biggest economic shock since the Great Depression.

  • byColin Kruger
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Zip shares soar after US acquisition and $200 million funding deal
Payments

Zip shares soar after US acquisition and $200 million funding deal

COVID-19 and the riots in the US have not stopped the global ambitions of Afterpay rival Zip Co,which has acquired the 85 per cent of US provider QuadPay it doesn't yet own for $446 million.

  • byColin Kruger
Elana Rubin drops her ME board seat as she takes the chair at Afterpay
Payments

Elana Rubin drops her ME board seat as she takes the chair at Afterpay

Afterpay has formally appointed Elana Rubin as its chairman,a role she has filled on an interim basis since last year.

  • byColin Kruger
Afterpay's US customer numbers surge in COVID-19 lockdown
Payments

Afterpay's US customer numbers surge in COVID-19 lockdown

Afterpay said it has signed up a million new customers in the US in the past 10 weeks despite the coronavirus shutdown of many shops,taking its number of active customers in the world's largest economy to 5 million.

  • byColin Kruger
Facing the threats of the virus economy,fintechs are going for broke
Coronavirus pandemic

Facing the threats of the virus economy,fintechs are going for broke

Fintechs were finally fulfilling the promise of disrupting the way we deal with our finances. Then came the coronavirus.

  • byColin Kruger andCara Waters
Prospect of mass defaults sends Afterpay,Flexigroup plunging
Money apps

Prospect of mass defaults sends Afterpay,Flexigroup plunging

Would Afterpay survive if 40 per cent of its customers defaulted? That's one of the scenarios investors are crunching the numbers on as queues of freshly unemployed people snake around Centrelink offices around the country.

  • byColin Kruger