Australia's Douugh gains most in about 2 months on Pinwheel partnership

Stakk

13/04/2022 04:06

** Shares of Douugh Ltd  DOU.AX  climb as much as 13.8% to
A$0.031, their biggest intraday pct gain since Feb 17
    ** The fintech co says it has partnered with income API
connectivity provider Pinwheel to facilitate automatic direct
deposit for its U.S. customers  urn:newsml:reuters.com:*:nFWN2WA1PT
    ** Says that deal will begin immediately, and the offering
is expected to be live during Q1 FY23
    ** About 2.1 mln shares change hands, 1.8 times compared
with the 30-day average volume of 1.2 mln 
    ** Stock has fallen 58% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))