Change Financial (ASX:CCA) pockets $1.35M Refund on Wirecard Buyout

Change Financial (CCA) has pocketed a neat refund from its recent Wirecard buyout, slashing the effective cost by around $1.35 million.

Change announced the purchase in September, at the time offering $7.8 million for full control of the embattled financial services business.

Wirecard provides card management and payment platform solutions, but the company fell into voluntary administration in July 2020. Before going under, Wirecard’s tech hosted more than 120 customers across 35 countries, many of which were blue-chip stocks. Read more…..


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