- Jun 27, 2010
On September 3rd, 2013, Beyond Sportswear International Limited (BSI) changed its name to Skywards Limited (SKL).
http://www.asx.com.au/asx/research/company.do#!/ZIP1: the trading halt is requested pending an announcement by the Company in
relation to performance of the ZipT app
Apparently they have an app that will pay your bills, invest your money and help you to live a financially healthier life. Big promises.Douugh is a capital lite, purpose-led consumer fintech and next-gen neobank.
Leveraging a wholesale BaaS model, compared to becoming its own licenced ADI.
Disrupting the business model of banking - SaaS based, harnessing open banking.
Fostering financial wellness - helping customers spend wisely, save more & build wealth.
Developing an integrated, AI-powered banking and wealth management app.
Long-term goal is the become a platform and financial control centre for customers.
Mastercard innovation, marketing and issuing partnership in place.
Live in U.S. market (Beta), full market launch in October 2020.
AU launch scheduled for early 2021.
Planning to expand into SME banking over time.
Emerging fintech of the year finalist in 2019.
Everyone wants more douugh, so maybe these guys are in with a chance? In any case the share price has been rising since they were re-instated to official quotation on Tuesday this week. Maybe these neobanks are the future of banking?Douugh has the opportunity to diversify into multiple different revenue sources over time by becoming a platform business and financial control centre for customers - consumers and SME’s.
Net interest margin
Funds under management
They just raised $6 million and ZIP had $832,000 in cash and cash equivalents at the end of June. So probably around $6 million, given that they've continued to burn cash for the last three months.I was wondering when someone would post here. I feel like they are going to need a lot more money to run a "neobank". How much cash is in the bank?
Just keep in mind it's a RTO so there are plenty of disgruntled holders that lost alot of money in Ziptel trying to get it back.
The alternative explanation is that the owners of Douugh undervalued their own business by 5 times.
Only put 20% of a position on it...some people —- those idiots
you speak of have made a killing
Frugal Rock is seemingly one!