SYDNEY, AUSTRALIA: Latitude Group Holdings intends to acquire Humm’s consumer business (comprising BNPL, Instalments and Cards) for approximately $335 million comprising 150 million Latitude shares and $35 million cash. Latitude and Humm Group Limited have signed a non-binding heads of agreement in respect of the transaction, which includes an exclusivity undertaking until 31 January 2022.…
All posts tagged Latitude Group
Latitude Group to acquire Symple Loans for $200mn
SYDNEY, AUSTRALIA: Latitude Group Holdings Limited has agreed to acquire Symple Loans for $200 million in Latitude shares and cash, subject to regulatory approval, a news release said. Symple is a Melbourne-based personal lending fintech using state-of-the-art global technologies, advanced analytics and proprietary risk-based pricing techniques to deliver simple digital experiences to customers and brokers,…