Douugh Limited (ASX:DOU)
Douugh (ASX:DOU) is a capital lite, purpose-led consumer fintech and next-gen neobank leveraging a wholesale BaaS model, compared to becoming its own licenced ADI.
Disrupting the business model of banking - SaaS based, harnessing open banking. Fostering financial wellness - helping customers spend wisely, save more & build wealth.
Douugh is developing an integrated, AI-powered banking and wealth management app. The company's long-term goal is the become a platform and financial control centre for customers.
It has a Mastercard innovation, marketing and issuing partnership in place.
It is live in U.S. market (Beta), full market launch in October 2020, with its Australian launch scheduled for early 2021.
The company is planning to expand into SME banking over time.