Latest Financial Services News

Wisr has reported a robust start to FY26, with loan originations soaring 90% year-on-year and a 15% expansion in its loan book, supported by improved credit quality and a solid capital position.

Wisr Limited reported a robust start to FY26 with a 15% increase in its loan book and improved credit metrics, reaffirming its full-year guidance amid strong momentum.

OFX Group reports solid progress in migrating corporate clients to its new platform, OFX 2.0, despite a decline in net operating income driven by macroeconomic uncertainty. The fintech’s strategic product launches and client growth signal potential for recovery.

Income Asset Management reports a 34% rise in Q1 FY2026 revenue despite uncovering a $3 million fraud involving a former employee, maintaining positive EBITDA and strong client engagement.

Spenda Limited has announced a 10-for-1 consolidation of its ordinary shares and multiple option classes, reshaping its capital structure with trading on a deferred settlement basis starting early December.

Finexia Financial Group has revised its FY25 financial results, increasing impairment losses on its Stayco investment and raising its total loss before tax to $6.82 million.

NSX Limited has been fully acquired by a Canadian entity, leading to the suspension and imminent delisting of its shares from the ASX. A new non-executive director has been nominated as part of the transition.

Smartpay Holdings has secured final court approval for its acquisition by Shift4 Holdings, setting the stage for share suspension and delisting in early November. Shareholders will receive NZ$1.20 per share in cash upon completion, pending final conditions.

Prime Financial Group has secured two strategic acquisitions across its Wealth and Business segments, alongside executing a Non-Binding Indicative Offer for a major Wealth sector target and appointing a new CFO.

Cuscal Limited has secured a crucial regulatory win as the ACCC clears its full acquisition of Indue Limited, setting the stage for completion by year-end pending final approvals.

ASF Group Limited has voluntarily suspended trading of its securities on the ASX pending a response to regulatory queries, signaling heightened scrutiny and market uncertainty.

The ACCC has approved Cuscal Limited’s acquisition of Indue Limited, concluding the deal won’t significantly reduce competition in payment facilitation services. The decision highlights ongoing industry consolidation balanced by multiple alternative providers and technological shifts.