Latest Paas News

Change Financial delivered record quarterly PaaS revenue and pushed active cards beyond 172,000 in the September quarter, while operating cash flow turned positive. The broader revenue result softened as higher-margin one-off licence work fell away, but the company retained its FY27 net cash flow positive outlook.

Victor Group Holdings has swung from a $1.43 million profit to a $3.93 million half-year loss after fully impairing its iRich Finance investment. Revenue rose sharply, but operating cash flow remained negative and auditors identified a material uncertainty over the company’s ability to continue as a going concern.

Victor Group Holdings reported modest revenue growth in FY2025, but its audited loss widened to A$9.33 million after major impairments and higher amortisation. The cloud software company also disclosed a material uncertainty over its ability to continue as a going concern.

Blackpearl Group reported a 95% year-on-year ARR increase to $27.2 million in Q1 FY27, alongside a strategic shift to higher-quality revenue and a clear path to reducing EBITDAF losses through FY27. The company also launched its Platform as a Service offering ahead of schedule, underpinning its evolving revenue model.

Change Financial has delivered strong FY26 results with revenue up 21% and underlying EBITDA soaring 17-fold, driven by scaling of its Vertexon PaaS platform and expanding client base.

Change Financial has confirmed meeting its upgraded FY26 revenue and underlying EBITDA targets, powered by strong growth in its Australian and New Zealand PaaS business. The company enters FY27 with record monthly metrics but holds back on full-year guidance amid client migration uncertainties.

WhiteHawk Limited has forged a strategic alliance with Perth-based Adisyn Services to enhance cyber risk management and compliance solutions tailored for the defence sector, focusing on AUKUS programs and supply chain security.

Change Financial has reported a strong first half for FY26 with record revenue growth and its first-ever half-year profit, underpinned by expanding recurring revenues and operational efficiencies.

Change Financial Limited has reported a record revenue quarter driven by its Vertexon platform growth and new client wins, prompting an upgrade to its FY26 financial guidance.

Victor Group Holdings reported $1.475 million revenue from cloud services in China but faced a $523,000 negative cash flow due to upfront project costs, with management expecting a turnaround next quarter.

Change Financial Limited reported a record Q1 FY26 revenue of US$4.6 million, driven by strong growth in its Payments as a Service platform and new license sales, alongside positive operating cash flow and expanding global partnerships.

WhiteHawk Limited and DoxAI have forged a three-year strategic partnership to integrate AI-driven automation with advanced cyber risk and compliance solutions, aiming to accelerate digital transformation across key sectors in North America and Australia.