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Douugh...Nuts Or Cakewalk?

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Fintech Douugh marked its debut on the ASX with a stellar day's trading, closing at just under 7 cents per share, double its issue price.

The 'next-gen neobank that's not a neobank' (still with me?) is looking to benefit from a radically different business model to that of other local neos which have suffered broadly with the sector internationally in 2020.

Instead of relying on a net-interest-margin model, Douugh will offer an AI-powered money-management tool via subscription and piggy-back off Regional Australia Bank's license.

Douugh have a strong team & it will be interesting to watch it develop.

https://www.moneymorning.com.au/20201006/douugh-doubles-its-ipo-price-on-asx-debut-asx-dou.html



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By Ben Ford

6 October 2020

 
9 Like


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