I don't think it's the value of AFSL that we should take note on.
The fact that they are willing to throw away their AFSL licence suggests that the new Fintech acquisition comes with its own AFSL license.... which means it must be a decent operating Fintech.
Another thing I noted were the words "technology rich, Fintech growth theme"
To me that says Fintech acquisitions is the following areas:
- Mortgages
- BNPL
or
- SME lending
Looking decent now ... and hoping the 7month suspension will be worth it.
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