Latest Financial Services News

Equity Story Group has raised $200,000 through a strategic share placement at a premium, signaling investor confidence as it expands its wealth management services.

Credit Intelligence Limited has issued a profit warning revealing a reduced loss of approximately A$4.5 million for FY25, down from A$12.5 million the previous year, driven by strategic divestments and a revenue decline.

ARC Funds Limited has withdrawn its scrip offer for the remaining shares in The Term Deposit Shop Pty Ltd after securing acceptances for just over 10% of the target shares, raising its ownership to nearly three-quarters of the company.

RocketBoots Limited has secured a significant trial contract with a major Australian retail bank, potentially expanding to a $234k SaaS rollout that could boost its recurring revenue and international ambitions.

Platinum Capital Limited has formally cancelled its planned scheme meeting following the withdrawal of a proposed restructure, yet the scheduled general meeting will proceed as planned on 12 August 2025.

PointsBet’s board has unanimously recommended shareholders accept MIXI Australia’s increased $1.25 per share cash offer, now unconditional and representing a significant premium. MIXI holds 28.2% of PointsBet and may raise the offer further if it gains majority control.

Iress Ltd confirms early-stage discussions with Blackstone and Thoma Bravo amid acquisition speculation, following a withdrawn A$10.50 per share offer from Blackstone.

betr Entertainment has increased its all-scrip takeover offer for PointsBet shares and is seeking shareholder approval for a selective buy-back, reshaping its capital structure and voting dynamics.

Block, Inc. reported a 2% decline in net revenue for Q2 2025, driven by lower bitcoin revenue despite growth in transaction and subscription services. The company posted strong net income and continued its $4 billion share repurchase program.

Sequoia Financial Group reports robust FY25 growth with improved margins and a fully franked dividend, while navigating regulatory scrutiny and governance reforms.

WT Financial Group reports robust FY2025 growth driven by a scalable adviser network and a strategic joint venture with Merchant Wealth Partners, positioning itself for further consolidation in Australia’s financial advice sector.

Findi Limited has raised $9.5 million through secured loan notes to accelerate its BC Maxx rollout with the Central Bank of India and expand its Brown Label ATM fleet. The funding comes with attractive investor options, signaling confidence in Findi’s growth trajectory.