Shaw and Partners appointed as Joint Lead Manager to the proposed IPO of Beforepay News15 Nov 2021

Shaw and Partners is pleased to be appointed as Joint Lead Manager to the proposed IPO of Beforepay Group Limited.

 

Beforepay is seeking to raise approximately $35 million at $3.41 per share and intends to list on the ASX under the proposed stock code: ASX:B4P.

 

At this stage the offer is available to Australian sophisticated and professional investors only.

 

Beforepay is the first mover and market leader in the ‘Pay On Demand’ market, providing an innovative new product which allows users to access their pay ‘on demand’ for a fixed 5% fee.

 

Beforepay gives users the flexibility to cover unexpected short-term expenses, with use cases not tied to specific merchants and without tying the user to a revolving debt product.  Importantly, interest does not compound on a Beforepay cash advance promoting responsible and ethical lending practices.

 

Since commencing operations in August 2020 Beforepay has advanced $170m to its customers. This equates to  ~30% compound monthly growth notwithstanding COVID related lockdowns. The annualised revenue run rate in October was $14m.

 

For more information about the offer please contact your Shaw and Partners Adviser.

Related Articles
News09 Jun 2025 Celebrating 10 Years of Shaw and Partners in Adelaide
Ten years ago, on Thursday 11 June 2015, Shaw and Partners Financial Services proudly opened the doors to a modest office in Adelaide with a clear ambition—to build a strong presen... Read More
News04 Jun 2025 Shaw and Partners strengthens surf sports partnership with shake up of 2025 Shaw and Partners Coolangatta Gold
After celebrating its 40th anniversary last summer, the Shaw and Partners Coolangatta Gold is set for a major shakeup in 2025.   Coolangatta Beach will once again host the Shaw a... Read More
News14 May 2025 THINK YOU KNOW GOLD? Shaw and Partners Gold Price Prediction Competition
THINK YOU KNOW GOLD? Here's your chance to win a Shaw and Partners hamper!  The Shaw and Partners Gold Price Prediction Competition is closing soon. Launched in the June Quarter ... Read More
News13 May 2025 Shaw and Partners continues to attract some of Australia’s most respected investment advisers.
Shaw and Partners Queensland State Manager Glen Gannon has welcomed Dwight Phillips, Tim Harbort and Craig Clark to the Brisbane office, a high-performing team with more than 50 ye... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%