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Fatfish Group Ltd (ASX: FFG) shares are storming higher today after its investee iCandy Interactive Ltd (ASX: ICI) announced the sale of its digital iCandy platform. At the time of writing, the Fatfish share price has surged an astounding 73.58% higher to 9.2 cents.

The company received a speeding ticket and was placed in an enforced trading halt late on Friday but resumed trading at 12:13 pm today to continue its recent run.

Why is the Fatfish share price flying?

The Fatfish share price is skyrocketing today as the company released its response to the ASX price query.

Fatfish was asked if it was aware of any information that may be driving the share price up, to which it responded that it was not. However it did note the recent announcement by iCandy regarding the sale of a subsidiary.

Moreover, Fatfish suggested the strong recent rise in its share price may be as a result of the recent strong performance of buy now, pay later (BNPL) shares generally. For example, both IOUpay Ltd (ASX: IOU) and Zip Co Ltd (ASX: Z1P) shares have been storming higher in recent sessions. To this point, on 3 February, Fatfish announced that its Singaporean based investee company, Smartfunding, had completed the development of its online BNPL platform. It launches on 13 February.

iCandy sale

As mentioned, also announced today was the sale of iCandy Digital for $4.8 million to Rightbridge Ventures. This is noteworthy as Fatfish has a 50.1% ownership of the company through its interest in Abelco Investments Group. Complicated as it is, Fatfish also has a 33% interest in iCandy.

However, as the transaction does not result in any material change in Fatfish’ interest in iCandy, the information should theoretically have no material effect on the Fatfish share price. 

Rightbridge is a Swedish company that is looking to execute an initial public offering (IPO) in 2021. Its core business is investing in companies that shape the future of e-sports and videogames as part of the global digital entertainment industry.

When the transaction is complete, Fatfish will become a major shareholder in the listed shares of Rightbridge. It’s worth noting, the deal still requires shareholder approval.

About the Fatfish share price

Fatfish is a global tech venture investment and development firm. It partners with entrepreneurs to help them build and grow internet businesses via a co-entrepreneurship model. Among the company’s investments is, as mentioned, Abelco, which is invested in the cryptocurrency and blockchain ventures Minerium and Kryptos-X.

The Fatfish share price is up a remarkable 820% in the last year.

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Daniel Ewing has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Digital Wine Ventures Ltd (ASX: DW8) share price has bolted to 5.0 cents today, increasing 13.6%. The company revealed in an announcement today that its WineDepot business has partnered with online wine marketplace, Vivino.

What is management clinking glasses to?

Described as “the world’s largest wine app and marketplace”, Vivino can be accessed via an app or online and has amassed 50 million users worldwide in 17 countries. Vivino’s uniqueness lies in its recommendation feature to customers based on searches and purchases.

Through the partnership, WineDepot will offer access to Australian wineries without integrating Vivino’s systems into the winery operations. Instead, as the company has now completed technical integration, WineDepot will manage and fulfil the orders itself.

The value-add for local wineries is the broader sales channels now offered through WineDepot’s singular system. Reportedly, the partnership allows producers to generate higher margins due to the direct-to-consumer nature of the integration. This typically leads to higher margins than distributing to retailers.

CEO commentary

WineDepot/Digital Wine Ventures CEO Dean Taylor noted his excitement towards the new partnership and its possibilities. Significantly, the potential to help local producers unlock direct-to-consumer sales.

Mr Taylor went on to say:

In short, it’s a symbiotic relationship that should accelerate the growth and expansion of both our businesses, not just here in Australia but hopefully over time in other major wine markets.

WineDepot has not supplied forecasts for the partnership given there are no minimum fees or maximum order limits involved. WineDepot will pay Vivino a fixed percentage marketing fee on each sale that a WineDepot-affiliated supplier makes through the platform.

Digital Wine share price like a fine wine

Over the past 12 months, the Digital Wine share price has aged like a fine wine, returning 400% to its shareholders. That must be a very palatable payoff for those holding Digital Wine shares.

The question is, will the next 12 months entail big, bold red days or champagne showers for shareholders?

More reading

• Why the Fatfish (ASX:FFG) share price is up 74% today
• Here’s why the Altium (ASX:ALU) share price is down 4%
• Why the Asaleo Care (ASX:AHY) share price jumped to a 52-week high today
• Why the Sezzle (ASX:SZL) share price is charging 7% higher today
• Why the Orocobre (ASX:ORE) share price is zooming 7% higher today

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Altium Limited (ASX: ALU) share price is down by 4% at the time of writing.

Altium has just reported its FY21 half-year result to the market for the six months to 31 December 2020.

Highlights of the Altium FY21 half-year report

Altium disclosed that its Altium 365 product, which is the cloud platform service for engineer clients, has seen its active monthly users rise to 9,300 and monthly active accounts increased to 4,400. This represented growth of 83% and 69% respectively, since July.

Another segment that saw growth was Octopart, its revenue grew by 19% to US$10.8 million. Management said that electronic manufacturing rebounded during the half.

The company also said that Altium’s subscription business grew by 12% year on year to reach 52,157 subscribers. Altium also said that term-based license revenue more than doubled over the half. It has a goal of 80% recurring revenue by 2025.

Turning to the overall financial statistics reported by Altium, continuing revenue (which excludes TASKING) fell 4% to US$80 million. However, continuing reported expenses still increased by 3% to US$53 million.

This combination of lower income and higher expenses led to continuing earnings before interest, tax, depreciation and amortisation (EBITDA) falling 15% to US$27 million. The underlying EBITDA margin declined from 35.9% to 30.6%.

Continuing profit before income tax dropped 23% to US$20.7 million and continuing profit after tax went down 12% to US$16.6 million.

The Altium dividend was cut by 5% to A$0.19 per share.

In terms of the cash and cashflow, Altium said its operating cashflow fell 10% to US$18.7 million and it ended with US$88.3 million of cash on the balance sheet.

The TASKING business, which Altium has decided to sell, made a profit after tax of US$3.1 million – this was down 26%. The Altium share price has fallen 18% since the announcement of the sale of TASKING. 

Why did revenue decline in this result?

Altium’s management explained that it experienced a challenging first half with extreme COVID-19 conditions in the US and Europe. It also attributed some of the decline to the ongoing shift of the business to the cloud involving a number of significant organisational changes that the company has referred to as the ‘Netflix moment’ when a company pivots to cloud operations.

Altium CEO Aram Mirkazemi said: “These changes include the separation of our CAD software from our cloud business and the bifurcation of our sales into high volume (digital sales channel) and high touch (professional sales channel).”

Altium 365 focus

The cloud offering of Altium 365 is a key focus of the business. Mr Mirkazemi explained: “Altium 365 is key to our future success through indirect monetisation from our CAD software tools and, in time, direct monetisation from the broader ecosystem. I am most heartened by the strong adoption of Altium 365.”

Second half and FY21 expectations

Whilst Altium is positive about the fact that COVID-19 vaccines are being deployed, it still views FY21 as a pre-vaccine year in relation to its goals for 2025. 

The company is expecting stronger execution momentum in the second half, but there are still macroeconomic uncertainties, so its full year revenue guidance is at the lower end of the range. FY21 revenue is now expected to be in the range of US$190 million to US$195 million (excluding TASKING) and the EBITDA margin is expected to be in the range of 37% to 39%.

More reading

• ASX 200 up 0.8%: Nearmap jumps, Bendigo and Adelaide Bank impresses
• Why the Altium (ASX:ALU) share price is inching lower
• 5 things to watch on the ASX 200 on Monday
• Here’s why the Altium (ASX:ALU) share price could be a buy
• 2 of the best ASX growth shares to buy now

Tristan Harrison owns shares of Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Altium. The Motley Fool Australia owns shares of Altium. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Asaleo Care Ltd (ASX: AHY) share price has started the week on a positive note.

In afternoon trade the personal care products company’s shares are up 8% to a 52-week high of $1.41.

Why is the Asaleo Care share price jumping to a 52-week high?

Investors have been fighting to get hold of Asaleo Care shares amid speculation that another takeover approach is coming.

In December the company received an unsolicited, indicative, conditional, and non-binding proposal from Essity Aktiebolag (Essity) to acquire all the shares in the company.

Essity, a global hygiene and health company based in Sweden, offered $1.26 per share in cash, less any dividends or distributions declared or paid by Asaleo after 9 December.

That offer was subsequently rejected by the board in January on the belief that it fundamentally undervalued the company and was “materially inadequate.”

The board advised that it undervalued the company on a standalone basis and didn’t take into account its reset of the business. It notes that the latter is creating long term value and putting the company on a path towards sustainable and profitable growth.

Asaleo Chairman, Harry Boon said, “The Independent Board Committee, after careful review, considers that the Proposal fundamentally undervalues Asaleo Care, is materially inadequate and does not reflect the strategic value of the company to Essity. However, the Committee remains open to further engagement.”

Second time lucky?

This morning Asaleo confirmed that it is engaged in ongoing discussions with Essity in respect to a potential proposal to acquire the company.

As part of these discussions, Asaleo has granted limited due diligence to Essity. However, management has warned that there is no certainty that this process will result in a transaction. As a result, Asaleo shareholders do not need to take any action.

Management intends to provide a further update with its results announcement on 17 February.

All eyes will no doubt be on the Asaleo share price when that announcement is made.

More reading

• Why the Asaleo Care (ASX:AHY) share price is dropping lower today

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Sezzle Inc (ASX: SZL) share price is having a stellar day today, charging 7.1% higher at the time of writing to $11.61 a share. This latest move caps off what has been a corker couple of months from the company.

Back on 15 December, Sezzle shares were asking just $5.38 each. That means Sezzle is up more than 116% in 2 months, 86% year to date, 50% over the past month, and almost 17% over the past week. And (get ready for this one), Sezzle is now up a millionaire-making 7,000% over the past 12 months. Hot damn.

So what is the catalyst behind these latest share price moves?

Sezzle sizzles

There is no obvious catalyst as to why Sezzle shares are on fire today. The last major announcement out of the company came out on Thursday last week. Back then, Sezzle told investors that the company had signed a US$250 million receivables funding facility with Goldman Sachs Bank USA and Bastion Funding. Sezzle told the markets that the money would be used to further aid the company’s expansion in the United States and Canada. Sezzle shares were up 6% on that news at the time.

However, one way to explain today’s movement may be to look to other shares in the ASX fintech and buy now, pay later space (BNPL). Sometimes a rising tide just happens to lift all boats.

ASX companies in this space are on fire today. Zip Co Ltd (ASX: Z1P) shares are up 14.77% at the time of writing to $12.44. Earlier today, we also covered some dramatic share price movements for Douugh Ltd (ASX: DOU) and IOUpay Ltd (ASX: IOU). Both of those companies have received ‘speeding tickets’ from the ASX as a result of the sharp share price spikes both companies experienced in early trade. IOUpay shares are still up by more than 60% today.

Given Sezzle is a recent strong performer and a member of the BNPL space, it’s possible that investors just got a little carried away with all of the euphoria happening today and have sent Sezzle’s shares along for the ride.

More reading

• Zip (ASX:Z1P) share price is soaring 13%, smashing another record high
• 98% surge in IOUpay (ASX:IOU) share price triggers speeding ticket
• ASX investigates after Douugh (ASX:DOU) share price spikes 56%
• ASX 200 Weekly Wrap: ASX cools on earnings reality check
• These were the best performing ASX 200 shares last week

Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Sezzle Inc. The Motley Fool Australia has recommended Sezzle Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Orocobre Limited (ASX: ORE) share price has been a strong performer on Monday.

In afternoon trade, the lithium producer’s shares are up a sizeable 7% to $5.20.

Why is the Orocobre share price zooming higher?

There appear to have been a couple of catalysts for today’s strong gain by the Orocobre share price.

One of those is the increasingly bullish sentiment in the industry due to improving lithium prices. This is being driven by an expected increase in demand for the battery making ingredient thanks to electric vehicle adoption and increased investment in renewable energy.

It isn’t just the Orocobre share price charging higher. Also on the rise today have been the Galaxy Resources Limited (ASX: GXY) share price with a 6% gain and the Pilbara Minerals Ltd (ASX: PLS) share price with a 10% gain.

What else happened?

In addition to this, the Orocobre share price was given a boost this morning after revealing that its Naraha Lithium Hydroxide Plant in Japan was largely unscathed following an earthquake off the coast of Fukushima Prefecture on Saturday.

Management commented: “An initial inspection of the plant with the construction contractor, Veolia Jenets on the morning of 14 February found some minor damage to the site office but did not find any visible defects to plant equipment. Additionally, there is no damage to site infrastructure services.”

“A further inspection will be undertaken on 15 February to confirm the initial observations and assure the safety of the site prior to the recommencement of construction work,” it added.

The Naraha Plant is the first of its kind to be built in Japan and is a joint venture with Toyota Tsusho Corporation (TTC).

It is designed to convert primary grade lithium carbonate feedstock sourced from the Olaroz Lithium Facility into purified battery grade lithium hydroxide.

More reading

• Why Douugh, Janus Henderson, Northern Star, & Orocobre are dropping lower
• The latest ASX stocks to be hit by broker downgrades
• Top brokers name 3 ASX shares to sell today
• 5 lithium shares that are fast-charging up in 2021
• Why Bathurst Resources, Megaport, Orocobre, & Splitit shares are dropping lower

Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Xanadu Mines Ltd (ASX: XAM) shares are surging today after the company released an update to the market this morning. The update was regarding the results of Xanadu’s diamond drilling program in Stock Worth Hill at its Kharmagtai porphyry copper and gold project in Mongolia.

At the time of writing, the Xanadu share price has rocketed 36.36% to 4.5 cents.

What did Xanadu Mines report?

The Xanadu share price is on a tear today after the company reported a diamond drill test hole had intersected “a broad zone of high-grade bornite mineralisation” south of its Stockwork Hill resource. The results increase the high grade bornite zone beyond the defined resources.

The intersection included promising results for both copper (Cu) and gold (AU):

• 175m @ 0.84% Cu and 1.83g/t Au (1.78% eCu) from 615m and
• 61m @ 1.43% Cu and 3.76g/t Au (3.36% eCu) from 651m

Highlighting the potential the company sees in Kharmagtai, it said the mineralisation is similar to what was seen at the high-grade Hugo Dummett deposit within the giant Oyu Tolgoi mine.

Commenting on the drill results, Xanadu’s CEO, Andrew Stewart, said:

This is the first time we have seen this density of bornite mineralisation at Kharmagtai. This hole provides a snapshot of what the lower zones of mineralisation at Kharmagtai could look like with increasing gold to copper ratios.

The tenor of gold within the bornite is impressive, containing two to four grams of gold for every percent copper. This hole materially expands the width of the high-grade bornite zone and will help guide drilling for additional high-grade extensions.

Xanadu is currently in the process of arranging follow-up drilling to further test the new target. It will update the market on the planned Phase 2 drilling in subsequent releases. The company also stated it would provide a mineral resource estimate update in March.

Xanadu Mines share price snapshot

Having surged more than 36% today, the Xanadu Mines share price is currently up 50% over the past 12 months. By comparison the All Ordinaries Index (ASX: XAO) is down 1% since this time last year.

Based on today’s share price, the company has a market capitalisation of around $35 million.

More reading

• Why the Silver Mines (ASX:SVL) share price is sinking today
• Zip (ASX:Z1P) share price is soaring 13%, smashing another record high
• 98% surge in IOUpay (ASX:IOU) share price triggers speeding ticket
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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Silver Mines Limited (ASX: SVL) share price is sinking today following an announcement that the miner has successfully completed a capital raise.

During mid-afternoon trade, shares in the silver-focused mineral exploration company are down 3.64% to 26 cents.

Successful capital raise

The Silver Mines share price hasn’t fared well today, despite the company updating investors about its latest placement.

According to its release, Silver Mines has successfully completed a capital raise of $30 million. Offered to institutional, professional and sophisticated investors, the company revealed that demand exceeded the funds needed to accelerate its growth strategy.

The placement was executed at an issue price of 22 cents per share, reflecting a 13.6% discount on the five-day volume-weighted average price. As a result, Silver Mines will place an extra 136,363,637 fully-paid ordinary shares to its registry. 

The funds received from the capital raise will be primarily used towards progress the company’s flagship Bowdens Silver Project. This includes pre-development expenses as well as funding exploration activities over the next 12 months. In addition, corporate and general working capital will also be financed.

Settlement of the placement is expected to occur this Friday 19 February. Quotation of the placement will follow through on Monday 22 February.

Quick take on Silver Mines

Silver Mines is Australia’s largest pure play silver company with expertise in exploration and development of quality silver projects. Its portfolio consists of the Conrad and Webbs projects, the Tuena Project and its recently acquired Bowdens Silver Project. The company’s Bowdens project is said to be one of the world’s largest undeveloped silver sites – a mineral resource of 275 million ounces of silver equivalent.

Silver Mines share price review

In the last 12 months, the Silver Mines share price has been trending upwards, gaining more than 160% on this time last year. The company’s shares hit a 52-week low of 5.2 cents in March 2020 before recovering.

On current prices, Silver Mines has a market capitalisation of around $276 million.

More reading

• Afterpay and Zip were among the most traded ASX shares last week
• Why ASX silver shares like Silver Mines (ASX:SVL) are falling today
• Why these ASX silver shares are surging today

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Zip Co Ltd (ASX: Z1P) share price is soaring today despite no notable recent news from the company. Shares in the buy now, pay later (BNPL) provider have smashed the record yet again, this time posting a high of $12.39 this afternoon.

At the time of writing, the Zip share price is trading 13.16% higher at $12.26.

Why is the Zip share price flying?

With no new news today, could the Zip share price still be lifting off the momentum of the company’s most recent quarterly report? Since the report was released on January 21, the share price is up a whopping 66.4%.

And according to the Australian Financial Review (AFR), last week’s best-performing stock on the S&P/ASX 200 Index (ASX: XJO) is also exciting investors over the prospect of a second listing on US markets.

Valuation push

In late January, Zip cofounder Peter Gray labelled its December quarter result “absolutely cracking” and questioned investors’ reluctance to value it on similar multiples to rivals Affirm Holdings Inc, Afterpay Ltd (ASX: APT) and Sezzle Inc (ASX: SZL), as reported by the AFR.

Mr Gray told the AFR:

Our view would be on the revenue multiples, we’re significantly undervalued when directly compared to Afterpay and obviously Affirm.

To this point, Zip currently sits at a share price of $13.16, giving it a market capitalisation of $6.77 billion. In contrast, Afterpay sits at $154.49 with a market cap of $44.08 billion, almost 7 times that of its smaller counterpart.

However, in regards to its total transaction value, Afterpay boasts $4.1 billion against Zip’s $1.6 billion – a difference of 2.56 times.

About the Zip Share price

The Zip share price is currently trading strongly higher, continuing the company’s remarkable recent run. Shares in the company are now up 118% for the year, easily outpacing the S&P/ASX 200 Index (ASX: XJO).

On that front, Zip is the 4th best performer on the index with a return of 215.72% for the past 12 months. Coming in behind Afterpay at 290.7%, Kogan.com Ltd (ASX: KGN) at 242.25%, and Pointsbet Holdings Ltd (ASX: PBH) at 223.98%.

More reading

• 2 of the best ASX tech shares to buy this week
• ASX 200 Weekly Wrap: ASX cools on earnings reality check
• These were the best performing ASX 200 shares last week
• Why this fund manager is a fan of Afterpay (ASX:APT) and these ASX growth shares
• These ASX shares are helping this fund manager smash the market

Daniel Ewing owns shares of Pointsbet Holdings Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Kogan.com ltd, Pointsbet Holdings Ltd, and ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Sezzle Inc. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Kogan.com ltd, Pointsbet Holdings Ltd, and Sezzle Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in the Malaysia-based buy now, pay later (BNPL) provider IOUpay Ltd (ASX: IOU) were placed into a temporary trading halt this morning. This came after the IOUpay share price skyrocketed nearly 98% to an intraday high of 85 cents in early trade.

In less than an hour of trading, IOUpay shares traded over $62 million worth of volume. This level of turnover is more than double the company’s monthly average volume. Consequently, the ASX’s figurative eyebrows were raised.

What’s the go with the IOUpay share price?

IOUpay shares were placed in a trading halt by the ASX due to the company’s abnormal share price rise this morning. The ASX issued a price query, colloquially known as a ‘speeding ticket’, to the company, which it promptly responded to. IOUpay advised it was not aware of any information that could explain today’s spike in its share price. 

The IOUpay share price has been on a tear since the company announced its partnership with EasyStore to provide BNPL services on 9 February. This means that IOUpay’s BNPL payment option will be integrated into EasyStore’s e-commerce platform.

For those who are unsure of what EasyStore is – it is a Shopify-esque offering operating in South-East Asia. The multi-channel online offering enables over 7,000 merchants to sell products through digital means. The business has been operational since 2013, now with established operations in Malaysia, Singapore, Indonesia, Philippines, Thailand, Hong Kong, and Taiwan.

In addition, EasyStore merchants racked up A$435 million of total transaction value in 2020.

The BNPL sector continues to attract plenty of excitement on the ASX. IOUpay is now operating among BNPL giants like Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P). In fact, IOUpay made reference to both these companies in its response to the ASX. As cited from the letter of response, IOUpay stated the following: 

This further expansion of the Company into the BNPL sector, further to its existing interests in the mobile and mobile payments sector, is likely to have been recognised by shareholders as being value accretive to IOUpay Limited shareholders by virtue of recent other BNPL market participants’ relative market performance. This has been demonstrated most recently by material price and value increases in companies such as Afterpay…and ZIP Co…

Mindblowing performance

Make sure you have your socks tightly on for this one… The IOUpay share price has returned a mindboggling 8,955% in the last 12 months. The company’s shares have now resumed trading and are currently fetching a price of 75 cents per share. This represents a more than three-fold increase from the 22 cent price tag on Wednesday last week.

IOUpay’s market capitalisation is now standing at around $198 million.

More reading

• Ioupay (ASX:IOU) share price rallies another 54% to new 52-week high
• Here’s why the IOUpay (ASX:IOU) share price is rocketing 30% higher
• Why the IOUpay (ASX:IOU) share price jumped 11% higher today

Mitchell Lawler owns shares of AFTERPAY T FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Shopify. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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