Buy now, pay later company FlexiGroup (ASX:FXL) today settled the placement of 5.1 per cent of total shares to Tanarra Capital and its affiliated funds as announced on 26 February 2019.
Tanarra is an alternative asset firm focused on investing.
The flexigroup Board has also appointed Tanarra Chairman and founder John Wylie as a director of the company.
Investment banker John Wylie paid $25.1 million for the stake in Flexigroup which claims to be the first buy now, pay later company in Australia.
Shares in FlexiGroup (ASX:FXL) are trading 1.45 per cent lower to $1.35.