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Top 5 Public Australian FinTech Companies Stock Investment

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Fintech is a burgeoning market sector that has been the asymmetric focus of financial media coverage. Marketsmedia writes that fintech investments totaled $102b in 2021—an increase of 183% over 2020.

One of the emerging markets to keep an eye on is the Australian Stock Exchange (ASX), where some of the world’s most exciting hi-tech companies are listed. L. Granwal analysis at Statista put a Q2 2021 number to the Australian fintech segment at US $563m. The country is ranked #25 in the world on WIPO’s 2021 Innovation Index.

The industry is anticipating a significant boost as a byproduct of the times. The pandemic has created a tipping point in consumer culture that has been a disruptive accelerant that contributes to fintech’s rapid growth.

Below are the five fintech innovators on the ASX to look out for

Douugh (ASX:DOU)

Douugh is an Australian AI-driven fintech “neobank,” which is parlance for digital banking services. Douugh offers free banking services issued by partner banks, and provides subscription money management services to its users. Alternate revenue comes from an upsell to card services, where Dough earns transactional fees on its branded credit cards.

The company used a backdoor listing on the ASX, and has a relatively low market capitalization of just over $35m AUD with a capital raise of $6m AUD. According to simplywallstreet, the company brings in $1m US in yearly revenue, and its stock has dropped from a share price of $0.23 AUD to $0.051 AUD within one year. The company experienced a 15,533.55% revenue increase in one year, so there is some level of forward momentum despite limited cash reserves.

Gefen International (ASX:GFN)

Gefen is an Israeli fintech, launched in 2016, and later headquartered in Australia. The company’s B2B platform for financial services and insurance companies digitally unifies advisor/agent networks. Powered by AI, Gefen’s industry-specific services are deployed across internal and remote networks. The intelligent automation continuously improves customer experience, while at the same time drives sales. Gefen uses a transaction-based model at the point of sale between agent and end-customer.

In 2021, Gefen raised US $25m in its ASX IPO, with a $128m valuation. Today, the market cap is $69m. In 2021, Gefen’s end-customer base grew from 65,000 to 296,000, and agent customers grew from 1,332 to 2,210. In Q4 2021, Gefen signed on a number of prominent insurance companies, and is partnered with Sapiens International (Nasdaq/TASE:SPNS).

The stock price remains relatively static at present, which is likely due to the abstruse nature of B2B fintech. This technology is generally in the wheelhouse of sophisticated investors. The company is profitable, forging deals and making money. The market will eventually recognize the inherent value Gefen brings to fintech.

Sezzle (ASX:SZL)

Sezzle is a “buy-now-pay-later” (BNPL) service. As with Dough, Sezzle uses its technology platform to power its B2C financial services. Using the Sezzle mobile app, customers link their credit cards to the service. When a customer makes a purchase from a participating vendor, Sezzle foots most of the bill, and the customer pays zero-interest installments.

Sezzle is a US-based company that was founded in 2016. It’s IPO on the AUX raised US $30m on top of its prior private equity investment of US $17m. Today, Sezzle’s market cap is nearly US $255m ($352.4 AUD).

Sezzle is a complicated prospect because it is arguably in better shape than it might appear. Simplywall.st writes that Sezzle has high performing growth in revenue, with a positive forecast of almost 32% growth year over year. The overview also adds that the company has limited cash resources, but has been managing its debt well with short term liquidity.


Splitit (ASX:SPT)

Splitit is another BNPL, direct-to-consumer fintech. Splitit’s worldwide payment platform that enables customers to purchase items through Splitit’s system using their own legacy credit cards. Unlike other BNPLs, Splitit doesn’t issue its own branded cards for use of service.

Splitit was founded in Israel, and headquarters were later moved to the US. The company was launched in 2009 and went public on the ASX in 2019. Crunchbase reports that to date, the company raised approximately US $265 in financing. The company’s global business development and onboarding has been highly successful, but Splitit is still operating at a loss.

MoneyMe (ASX:MME)

MoneyMe provides convenient mobile-based credit services. The company’s AI platform accelerates and personalizes the loan process, with an application-to-transfer cycle in as little as one hour. MoneyMe offers fixed-interest loans up to $50,000 AUD. Interest rates are based upon credit worthiness. The loan is entirely based on credit rating, and there is no security necessary.

MoneyMe was founded in 2013, and went public on the ASX in 2019, with an IPO of $45m AUD. Total funding for the company is presently $388m AUD. Its performance numbers and assets are growing, but the company is still operating at a loss. Zoom lists revenue at $33m.

Summary

Stock performance might not reveal the entire picture when it comes to a company’s potential. We are living in volatile times politically and economically, but there is little doubt that online services are both the present and future. These five fintech’s are following the natural evolution of cultural behavior and adoption and are expected to increase in value over time.

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Conduent and Microsoft Collaborate to Use AI to Increase Business Efficiency

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AI-Powered Strategic Alliance for Improved Business Operations

Conduent, a provider of business services, recently announced a strategic partnership with Microsoft. The purpose of this partnership is to lead the way in generative artificial intelligence (AI) applications in important industries. The partnership’s primary goals are to use AI to transform healthcare administration, improve customer support, and strengthen fraud detection systems.

Boosting Cloud-Based Secure AI Adoption

Conduent’s clients will be able to take advantage of a secure cloud environment at a faster rate thanks to the synergy between Conduent and Microsoft. Three generative AI pilot programs are presently being developed by the alliance, one of which aims to efficiently extract data from medical documents. The goal of this project is to use Microsoft’s Azure AI Document Intelligence and Azure OpenAI Service to expedite the resolution process.

AI’s Strong Effect on the Growth of Small Businesses

The applications of AI go beyond the healthcare sector and include small businesses, where AI is thought to be a growth accelerator. AI has many uses, from enhancing customer service to automating marketing campaigns to expand its market reach. Particularly tailored AI solutions are being developed for small businesses, taking into account their unique resource limitations, making advanced AI tools more accessible to them.

Businesses with limited resources can now benefit from AI models developed by companies like Microsoft, which has garnered attention and given them a competitive advantage in the market. Supporters of these scaled models emphasize how easy it is to integrate, how affordable, and how little data these models require—all of which are advantageous for most companies that handle large volumes of sensitive data.

Conduent and Microsoft’s partnership is a big step toward bringing artificial intelligence (AI) into conventional business models, optimizing workflows, and establishing new benchmarks for customer and client interaction.

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A positive mindset, steering positive financial change, meet Oz Clement Knight

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Oz Clement Knight pushes boundaries as a top financial educator and entrepreneur, inspiring lives worldwide.

It is sometimes not just about feeling passionate about working in a particular field; it is more than that for a few rare professionals and business owners who strive for excellence daily, besides feeling passionate about all they choose to lay their hands on. When we saw the rise of Oz Clement Knight, who has been in the financial sector for several decades, we understood how a person needs to surrender to his aspirations and goals in life to push boundaries and steer positive change.

Oz Clement Knight is all about this and beyond. At every step in his journey, he has proved why he deserves to be called a leader in the financial realm, for he has stayed committed to taking his clients to the financial success they wish to achieve and, in the process, has reached the forefront of the industry.

He has been pioneering financial success for others through two incredible ventures, namely OHL Ventures Fund LLC and Ozmarq Holdings Ltd. The former is a Delaware series limited liability company to make venture capital and growth equity investments in diverse leading seed stage, early stage, and developmental stage and later stage private companies, with companies engaged in social media, social media, life sciences, and clean tech businesses. Through the fund, he promises to create returns for investors by helping them identify and invest in potential leading-edge companies that can later provide them with massive returns.

The latter serves as the Manager of the fund that will establish a series of funds for purchasing securities of a portfolio company/companies from a secondary source, making a separate and distinctive investment directly in a portfolio company/companies, and/or investing in the interests of investment funds, special purpose vehicles, or other entities whose portfolios consist of one or more portfolio companies.

With his years of experience and knowledge in private wealth management, investment banking, and capital markets, the financial educator, who loves spreading his knowledge among others, especially the youngsters in the field, has ensured that he offers financial services that cater to the individual needs of his clients, eventually empowering them to navigate the varied financial complexities in their journey to reach financial success.

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Dell Unveils AI-Enabled Laptops and Workstations for Indian Enterprises

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In India, Dell has introduced a new line of business AI laptops and mobile workstations. The Latitude 9450 2-in-1, Latitude 5450 business laptop, Latitude 7350 Detachable, and Precision 5490 are the four laptops that the brand has introduced.

These are premium offerings with cutting-edge features that are intended to usher in the AI era and increase employee productivity for businesses. Let’s examine the cost, features, and accessibility of Dell’s most recent laptop models.

Dell Latitude 9450 2-in-1 Price and Features

The world’s smallest 14-inch commercial PC, the Dell Latitude 9450 2-in-1 is intended for consultants, salespeople, and executives. The laptop is the only commercial PC in the world with a Zero-Lattice Keyboard and Haptic Collaboration Touchpad, and it has an InfinityEdge QHD+ display.

Moreover, it has Mini-LED backlighting, which is said to cut down on battery consumption on the keyboard by up to 75%. Starting at Rs 2,60,699, you can purchase the Dell Latitude 9450 2-in-1.

Dell Latitude 5450 Business Laptop Price and Features

The Latitude 5450 business laptop is a member of the 5000 series, featuring the Intel Core Ultra U-series processor that provides up to 10% more performance for web browsing, video conferencing, productivity, and content creation than their predecessor. Starting at Rs 1,10,999, this laptop is priced.

Cost and Features of the Dell Latitude 7350 Detachable

According to some, the most adaptable commercial detachable laptop in the world is the Latitude 7350 Detachable. It has a 3k resolution with ComfortView Plus to lessen harmful blue light, and it has a sleek and lightweight design. Starting at Rs 1,73,999 is its price.

Dell Precision 5490’s Features and Cost

A 14-inch InfinityEdge touch-enabled display with a 16:10 aspect ratio debuted with the Dell Precision 5490. Updates to the device that are enhanced by AI will increase productivity in business and industry applications. In India, it is priced at Rs 2,19,999 at launch.

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