Final nail in Doough's Coffin

"banking" product if no bank account which is the impact of Volt handing back its APRA license. It will take time, resources and money to negotiate and migrate to an alternative partner none of which they have

IMO the final nail in the coffin of DOU (as it is unfortunately for Parpera - private but utilising the Volt infra, closing all accounts and telling clients to withdrawal all their funds)

Hence the bluster in the releases about a super app......... how they feel they can compete with the likes of Revolut who have deep pockets and are already in the Australian market is beyond me

Again a case of a bad unfunded copy cat model ........... they wont be able to raise new capital so this is doomed. Suspect they are already talking about sale of tech to somebody - but who would but it there are so many alternatives out there?

I am not a holder or short seller of DOU - just an experienced investor with a focus on fintech payment companies