AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
As Freedom Insurance turfed its chair and CEO, as the banking royal commission aftermaths continued on November 12, 2018, but other ASX-listed fintechâs estimate that theyâre benefiting from the crisis.
Wisr Limited (ASX:WZR) in the September quarter loan originations grew 49 percent, compared to the previous period, and partly, to the banking inquiry, he is putting it down, said, Anthony Nantes Chief of peer-to-peer lending platform.
Major banks and financial institutions were costed more than $7 billion, when the royal commission revealed appalling behavior which is coincided with a 208 per cent increase in traffic to Wisrâs website. An area traditionally dominated by the big banks, in the last quarter Wisrâs home renovation loans which grew by 26 percent.
The share price of WZR closed lower at $0.048 i.e. 4 percent lower as at November 13, 2018.
SelfWealth Limited (ASX:SWF) which is a discount online share trading platform, had their sign-up numbers to tick up in June and July which it is put down rather than marketing spending to the banking inquiry. On cut-price $10 trading SelfWealth is building the business, which was listed as a social media-enhanced trading site 12 months ago.
Their shares have also remained in the stagnations and their IPO price was 20c. the share price closed at 8.4c on Monday i.e. November 12, 2018. The social media aspect is being revived and Mr. Ward says they are launching an ETF.
Mr. Fergie says with a great product to make they have to be well funded and from bigger, slower banks to take market share, micro banking, peer-to-peer lending and others have the potential.
Domacom Limited (ASX:DCL) property investment platform, the chief Arthur Naoumidis says, âAs the banks tighten conditions for retail borrowers and stop lending to self-managed super funds (SMSFs) entirely, wants to muscle in on property lending.â
To invest in property as a syndicate as Domacom allows individuals and SMSFs. Theyâre planning to access economical offshore funding so those associations and SMSFs can use the debt to buy property, rather than raising the whole sum. Currently money can be borrowed at 3 percent in the US and can be loaned out at 6 percent in Australia and the spread can be enjoyed.
Over the past year there are plenty of crashes in the sector, while some fintechs such as Wisr have made strong share price gains.
Domacom has never again attained that height, listing price was 75c in 2016 while it closed on Monday i.e. November 12, 2018 at 9c. They struggled to get the IPO done and as well as engaging an expert to consider its working capital needs on the request of the ASX and also lifting the amount they wanted to raise, extending the offer several times.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Â
