FlexiGroup settles Tanarra investment

Company News

by Rachael Jones

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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.