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Buy now, pay later pioneer's look-at-me capital raising

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. 

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Key Points

  • Revenue ($m) 450.4, down -4.7%
  • Pre-tax profit ($m) 25.0, down-72.5%
  • Net profit ($m) 21.4, down-65.3%
  • No final dividend 

Flexigroup, Australia’s third-largest buy now, pay later player, is raising $140 million to fund its next wave of growth.

But what it really needs to raise is attention.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/buy-now-pay-later-pioneer-s-look-at-me-capital-raising-20200826-p55pdp