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Company News
Weekly wrap: shares rise to a record high on mining optimism
Australian shares just managed to seal a record closing high on Friday, with a strong rally in mining shares managing to offset losses in almost every other sector. By the close of trade, the ASX 200 was up a slim 8.5 points or 0.1% to 8212.2 points, with the index closing just above flat for […]
Douugh to acquire Radical DBX in major push for embedded finance and B2B expansion
The market seems to approve of the proposed move by Australian fintech Douugh (ASX: DOU) to acquire US digital banking specialist Radical DBX (R-DBX). Founded by some of the industry’s best and brightest alumni from organisations such as SoFi, Mastercard, Galileo Financial Technology, Urban FT and Lending Club, R-DBX has contracts with some of the […]
Douugh launches first phase of new financial super app to Australian market
Australian consumer fintech Douugh (ASX: DOU) has launched the first phase of a new financial super app to the domestic market. The soft launch will see the company remove a key barrier to investment entry by allowing customers to connect existing bank accounts directly to the Douugh platform using open banking. This approach differs to […]
Douugh records strong start in first three months since ASX listing
Artificial-intelligence-driven technology company Douugh (ASX: DOU) has reported strong customer and transactional growth in the first three months since hitting the ASX boards in November. The financial wellness app provider has experienced consistent monthly growth across key metrics, with its iOS app downloaded and installed over 29,000 times after listing via a reverse takeover of […]
Douugh and Humm join forces to offer buy now pay later credit service to US market
Newly-listed neobank Douugh (ASX: DOU) has entered into a strategic partnership with Humm Group (ASX: HUM) to launch an integrated, interest-free buy now pay later (BNPL) offering for the United States market. Under the terms of the joint venture, Humm (which officially rebranded from Flexigroup (ASX: FXL) yesterday) will “power” the solution via its BNPL […]
Douugh launches in the US to improve Millennial and Gen Z spending habits
Next-generation neobank Douugh (ASX: DOU) has announced the official launch of its money management app in the United States following a successful 18-month beta trial. Targeting Millennial and Gen Z consumers, the app applies artificial intelligence (AI) and machine learning to a customer’s personal income and spending data to tailor an individual budget to help […]
Douugh gears up for US launch of money management app
ASX newbie Douugh (ASX: DOU) is getting set for the imminent full market launch of its financial wellness app in the United States following the completion of its beta testing program. Backed by extensive market testing and user feedback, the neobank today said the app is expected to launch in the “coming days”. The artificial […]
Douugh raises $6 million ahead of ASX debut
Next-generation neobank Douugh plans to list on the ASX this month to scale up its customer base in the United States and ahead of launching its money management app in Australia. The company will list via a reverse takeover of Australian telco ZipTel (ASX: ZIP). Douugh has developed an artificial intelligence (AI) powered app that […]
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