A smart bank account.
Helping you live financially healthier.
- Type: IPO
- Minimum investment: AUD$750,000
- Maximum investment: AUD$750,000
- Lead manager: Canaccord
Douugh ASX Listing
Douugh is completing an ASX listing.
What is Douugh?
Douugh is a purpose-led fintech company, taking a proprietary artificial intelligence (AI) first approach to disrupting the business model of banking, helping customers live financially healthier.
They are developing a subscription-based financial wellness platform - autonomously helping customers spend wisely, pay off debt, save more and build wealth through a smart bank account and debit card.
Update: The lodgement of the prospectus has been delayed and the offer is expected to go live in July 2020.
Douugh Ltd have entered into a binding agreement with listed company Ziptel Ltd (the Issuer) to merge. This is in effect a reverse takeover transaction (RTO), meaning the company will be lodging a new prospectus to relist on the ASX rebranded as Douugh Ltd (ASX:DOU).
Equitise will be facilitating a portion of this transaction with Canaccord Genuity Australia (the Lead Manager) to raise up to $6 million. A prospectus for the offer will be made available on Equitise when the securities are offered.
Investors should consider the prospectus in deciding whether to invest. Investors will need to complete the application form that will be in or accompany the prospectus.
Having now integrated and deployed its proprietary technology stack with its US banking partner Choice Bank, Douugh has launched its mobile app into the US App Store, directly to consumers.
Douugh has also secured a further wholesale banking-as-a-service agreement with Regional Australia Bank and a strategic investment from Monex Group, a Tokyo listed financial services company - to launch Douugh in Australia and Japan in the future.
Douugh’s Partnership with Mastercard
To support the company's vision, Douugh has formed a global strategic innovation partnership with Mastercard. Spanning research & development, card issuing, digital payments and marketing support.
The issuer making this Offer is Ziptel Ltd. A prospectus for the Offer will be made available when the securities are offered. A copy of the prospectus will be made available via the Equitise platform once the exposure period has commenced. A person should consider the prospectus in deciding whether to acquire securities. Anyone who wants to acquire securities will need to complete the application form that will be in or accompany the prospectus on the Equitise platform.
This offer is being made by Equitise (CAR) Pty Ltd as Corporate Authorised Representative of Lodge Partners AFSL: 246271