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CBA warned GetSwift it had overblown $9b deal

Liz Main

Delivery tech platform GetSwift misled investors by announcing it had secured a $9 billion deal with the Commonwealth Bank of Australia, despite the bank previously warning GetSwift the basis of its forecast was wrong, a court has heard.

Former market darling GetSwift announced in April 2017 that the bank had signed an exclusive agreement to add GetSwift's software to the bank's eftpos tablet.

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Liz Main is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Liz on Twitter. Email Liz at liz.main@afr.com.au

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    Original URL: https://www.afr.com/technology/cba-warned-getswift-it-had-overblown-9b-deal-20200616-p55306