High-performing fintech stock Douugh will exit a trading halt on Tuesday to announce it will launch a new interest-free buy now, pay later product as part of its "financial wellness" neobanking app, which launched in the US market last month.
The product expansion will initially be available in the US only, and comes after it raised $12 million in a heavily oversubscribed capital raise, which its founder and chief executive Andy Taylor said would be used to help its US customer expansion drive.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
