Shaked Partners Fund News
4 articles
Can all BNPL Players take it to the next level- OPY, FXL, SPT
The article discusses the growth and performance of three BNPL (Buy Now Pay Later) companies: Openpay Group Ltd, FlexiGroup Limited, and Splitit Payments Ltd. BNPL usage has been increasing, especially among younger consumers in the US and Australia. Openpay achieved record growth in active merchants, customers, and active plans. FlexiGroup surpassed 2.1 million consumers and added 380k new users. Splitit reported substantial growth in merchant sales volume, gross revenue, and total unique shoppers. Openpay announced a new revenue-sharing agreement and a strategic partnership with 1st Group Ltd. FlexiGroup highlighted its strategic partnership with Mastercard. Splitit issued new shares and formed partnerships with Mastercard, Finance for Group, and Blue Snap. The overall impact of the article is growth-positive for the BNPL companies.
CustomersPartnersInvestment
Tech: 5GN gets another boost in the wake of strong Q4 cash flow numbers - Stockhead
Data centre company 5G Networks has reported positive cash flow results in Q4, with net operating cash flow of $2m and cash receipts of $14.1m. The company attributed its success to on-boarding customers to its annuity-based services and improved operational efficiencies following the acquisition of two data centres. 5G Networks also announced a partnership with Servers Australia and the completion of development for its own cloud-based service. The companys share price has seen a boost, but still has room to climb. In other news, Splitit announced a funding update and its registration with financial regulator AUSTRAC.
CustomersPartners
Splitit share price: what's the outlook as new CEO is named?
Splitit, an Israel-based fintech company, announced a management shakeup with co-founder Gil Don stepping down as CEO and Brad Paterson, the current Managing Director of North America, taking over. The share price remained flat in response to the news. Paterson has extensive executive experience in software and payments companies. The company expects the management changes to be finalized on October 1, 2019. Splitit recently secured a finance facility of up to A$11.6 million from Shaked Partners Fund, which is seen as a positive sign for the companys growth. However, the market has not shown much optimism, as the share price has dropped since the announcement. The article questions whether Splitit can achieve the global growth it is aiming for.
Management ChangesInvestment
The Splitit (ASX:SPT) Share Price Could Jump On New Financing
Splitit Ltd has announced a new financing agreement with Shaked Partners Fund, providing an interim finance facility of up to US$8 million. The facility will support Splitits global growth plans and allow the company to provide funding alternatives for approved merchants. The facility is secured by a first ranking charge over the shares in Splitit Capital UK and a bank guarantee. Shaked Partners will also receive 2 million options in Splitit. This announcement is expected to have a positive impact on Splitits growth.
Investment
