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Flexigroup Limited

June 2022

Andrew Abercrombie, Humm’s founder and major shareholder, campaigned against the sale.

‘Muppet Show on steroids’ as Humm board quits, Wylie breaks silence

Angry shareholders take a “win” as the board quits, but most are losers in this messy corporate battle.

  • Ayesha de Kretser

December 2021

Afterpay, Zip and other BNPL providers are being targeted by consumer groups.

Financial counsellors want government review of BNPL debt

Legislators must respond urgently to the explosion in usage of BNPL and increased prevalence of hardship, says Financial Counselling Australia.

  • Jonathan Shapiro
Zip chairman Diane Smith-Gander.

Diane Smith-Gander steers Zip through the correction

For joining two weeks before the peak, the veteran director must be ruing her timing. She isn’t alone, though.

  • Myriam Robin

August 2021

Rebecca James says the company is ready to make a deal.

Unloved Humm looking for a partner after Afterpay-Square merger

Humm is the only profitable player in the buy now, pay later sector, and chief executive Rebecca James says Square’s takeover of Afterpay is just the start of the rush of deals in the sector.

  • Updated
  • James Thomson

June 2021

Humm Group’s Rebecca James says it can serve markets in both the UK and Ireland.

Humm launches UK buy now, pay later offering

Humm Group says it will comply with pending regulations as its buy now, pay later offering opens for business in the UK.

  • Jonathan Shapiro
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May 2021

Christine Christian is the new head of Victoria’s State Library.

Christine Christian is new State Library Victoria president

The State Library’s new head wants to use the venue to help young Victorian entrepreneurs get ahead.

  • Tom Richardson

March 2021

Afterpay founders Nick Molnar and Anthony Eisen: The group has a deal with Westpac.

Banks’ delicate dance with buy now, pay later sector

Afterpay says its partnership with Westpac shows its willingness to partner. But the group also knows how unique its huge customer base is – and that should worry the banks.

  • James Thomson

February 2021

The COVID profit picture is becoming clearer.

What we learnt: WiseTech, Humm, Sydney Airport

WiseTech leaves investors with growth questions; Humm struggles to cut through; and Sydney Airport pushes for Australia to reopen to the world. 

  • Updated
  • James Thomson
Flexigroup

Humm banks on buy now, pay later as credit cards decline

The company formerly known as Flexigroup confirms it will expand into Canada and Britain as its instalment payment volumes grows.

  • Updated
  • James Eyers
Too complex? Woolworths is a company that can get a tin of food from the other side of the world to a customer’s doorstep in regional Western Australia.

All the key profit results for February 24

It’s another big profits day heading into the final days of earnings. We have reports and analysis on Woolies, Medibank, Appen, Scentre, Nine, Healius, Wisetech and more. Find all our reports here.

Humm Group CEO Rebecca James is due in front of investors on Wednesday.

BNPL play Humm lays groundwork for UK, Canada launch

After a while talking about it, analysts reckon Humm is set to outline its offshore expansion. 

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

November 2020

Andy Taylor, founder and CEO of Douugh with Rebecca James, CEO of Humm Group. The two have worked together on a new buy now pay later product that Douugh will launch on Tuesday.

'Responsible' buy now, pay later rival fires shots at Afterpay

High-performing fintech stock Douugh says point of sale buy now, pay later services are 'a race to the bottom', as it exits a trading halt to launch its own entry into the sector following a $12 million raising.

  • Paul Smith

November 2020

ASX up for fourth day on bank rally; Regis gets takeover offer

The sharemarket closed up 0.3 per cent after banks stocks rallied on a rebound in the jobs market. BlueScope jumped 5 per cent after lifting first half earnings guidance to $475 million.

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  • Robert Guy, Vesna Poljak, Sarah Turner, William McInnes and Luke Housego
Flexigroup chief executive Rebecca James. "Our mission is to revolutionise the way people buy," she told the AGM.

Flexi surges on Mastercard deal to take BNPL to banks

Mastercard will introduce Flexi's bundll digital product to global banks as a hedge against declining credit card usage.

  • James Eyers
ASIC is looking hard at the buy now, pay later sector.

ASIC lays the groundwork for a buy now, pay later crackdown

The growth of buy now, pay later services has seen a rise in the number of customers striking financial difficulties. If the sector doesn't act, the regulator will. 

  • James Thomson
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October 2020

CBA, NAB launch FlexiGroup securitisation

Non-bank lender and payments company FlexiGroup is in front of credit investors with a new asset-backed securities deal. 

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

September 2020

The Australian Competition Tribunal said evidence had not established providing instalment finance for solar panels generates any material consumer harm.

Big win for buy now, pay later in competition tribunal

The Australian Competition Tribunal found the ACCC failed to show that using buy now, pay later products to buy solar panels would result in any consumer harm.

  • Updated
  • James Eyers

August 2020

Flexigroup chief executive Rebecca James: "We do believe this unified position will help us realise greater value [for shareholders]."

FlexiGroup rebrands as 'humm' for $140m buy now, pay later push

Flexi will dump its name and raise fresh capital to chase Afterpay and Zip, confirming Street Talk's report.

  • Updated
  • James Eyers
Flexigroup chief executive Rebecca James is trying to change the narrative around the stock.

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. 

  • James Thomson
Flexigroup chief executive Rebecca James will ask investors to go all in on the company's buy now, pay later product humm.

FlexiGroup joins the equity raisers, readies BNPL transition

FlexiGroup is set to ask investors to bankroll its transition to a focused buy now, pay later provider on Wednesday.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

Original URL: https://www.afr.com/company/fxl-lu