August 2024
EML Payments chairman’s corporate credit card ignites boardroom clash
The prepaid cards business said it had undertaken an “independent review of expenses incurred by directors and management” but decided against taking action.
June 2024
Rich Lister’s ‘billion dollar’ company faces $79m loss
Shaun Bonett bought into Prezzee in 2015 and has slowly increased his control over the business. New figures reveal it lost $79 million in the 18 months to December 31.
Shaun Bonett’s Prezzee has a costly run-in with Amazon
The gift card payments group controlled by the billionaire has had to stop selling the popular vouchers in the US, undermining a key revenue stream.
May 2024
Prezzee co-founder quits Shaun Bonett-owned gift card company
Claire Morris is leaving the group, and resigning as its brand ambassador. It follows a string of senior executive departures in the last 18 months.
For this Rich Lister, does the reality live up to the hype?
Property mogul and entrepreneur Shaun Bonett has a fortune of more than $2 billion, according to the Rich List. Those valuations might not live up to the hype.
January 2024
Why this billionaire’s gift card company is still losing money after 10 years
Prezzee, which sells gift cards and is backed by Shaun Bonett, has shown a $40 million loss but says accounting rules are to blame.
November 2023
Shaun Bonett’s gift card start-up Prezzee sheds 10pc of workforce
At the height of the technology market boom in 2021, the company had been chasing a valuation of as much as $1 billion and considering listing on the ASX.