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Sezzle to place $40m in stock with 3rd-biggest US card issuer Discover


Sezzle to place $40m in stock with 3rd-biggest US card issuer Discover
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Action in the buy now, pay later sector continues, with Sezzle announcing the third-largest credit card company in the United States, Discover, will invest $US30 million ($40 million) via a placement at a premium to its share price.
The deal will help Sezzle accelerate its in-store rollout, allowing it to issue “virtual” Discover cards that levy a higher interchange fee rate on retailers’ banks. This will make it profitable for Sezzle to provide the service without having to charge customer fees, or rely on affiliate fees charged to merchants for online sales. ....

Charlie Youakim , Jonathon Higgins , Australian Financial Review , ஜொனாதன் ஹிக்கின்ஸ் , ஆஸ்திரேலிய நிதி விமர்சனம் ,

Australia's Rhipe gets a bid, fingers point to Europe


Australia’s Rhipe gets a bid, fingers point to Europe
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It’s ASX-listed software licence seller Rhipe’s turn to be caught up in the M&A wave sweeping Australia’s technology sector.
Rhipe shares went into a halt on Tuesday morning “in relation to a control transaction” involving the group, which is the well trodden way of saying the groups has received a takeover bid.
Rhipe has emerged as the likely takeover target of European player Crayon. 
Fingers were pointing at Norway’s Crayon Group Holding ASA, which also offers software asset management and cloud licensing, and has been talking up its plans to buy a business. ....

Jonathon Higgins , Keir Garrett , Trend Micro , Sydney Based Navicle , ஜொனாதன் ஹிக்கின்ஸ் , கேர் காரெட் , போக்கு மைக்ரோ ,