ThinkSmart is a specialist digital payments platform business. It offers investors unique exposure to the UK ‘Buy Now Pay Later’ payments sector undergoing exponential growth, driven by ongoing digital transformation of consumer shopping habits and financial services.
ThinkSmart has two areas of focus, delivering significant shareholder value and returns via:
10%* holding in one of the UK’s leading ‘Buy Now Pay Later’ digital payments platform
After developing the Clearpay ‘Buy Now Pay Later’ payments platform, ThinkSmart sold a 90% stake to Australian listed Afterpay in 2018, retaining a 10%* stake. Afterpay now trades in the UK under the Clearpay brand.
Clearpay is demonstrating outstanding trading momentum having reached 1.6 million active customers in its first 18 months of trading to December 2020. At 1 March 2021 Afterpay was valued at A$36bn, with Clearpay accounting for c12% of Afterpay’s 13.1m active customers at 31 December 2020.
ThinkSmart’s holding in Clearpay was conservatively re-valued by a third party, independent global professional services firm at £106.6m as at 31 December 2020.
Investment in technology, expertise in UK retail consumer payments and finance
ThinkSmart’s technology-led approach and retail sector expertise has yielded a proprietary, highly robust origination and credit decision engine, SmartCheck, which powers its point-of-sale lease finance payments solutions.
The Group’s operating business continues to generate positive cashflows, and is in the process of managed wind down while management focusses on the opportunity to generate significant value from its 10%* Clearpay holding and its proprietary digital payments and financing technology.
The ThinkSmart Group was founded in Australia in 1996 and commenced operations in the UK in 2003. Following the sale of its Australian and New Zealand operations in early 2014, the ThinkSmart Group’s primary trading operation has been in the UK. The company is listed on the AIM London Stock Exchange (AIM: TSL) and is authorised by the Financial Conduct Authority.