Douugh Ltd (AU:DOU) has released an update.
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Douugh Ltd, an emerging fintech player, has reported an increase in customer acquisition and loan growth following the launch of their new ‘Pay in 4’ instalment product, with a promising decrease in default rates. The company has also enhanced its underwriting processes and fraud prevention measures which are expected to further improve its financial standing. Additionally, Douugh is preparing to introduce extended ‘Pay in 8’ and ‘Pay in 12’ weekly instalment options, aiming to solidify its position as a go-to payment and investing app for younger generations.
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