ThinkSmart Limited
TSL.L
London Stock Exchange28.50
GBp
-0.50
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ThinkSmart Limited
TSL.L
(London Stock Exchange)
Recent
price
28.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- ThinkSmart Limited (TSL.L) is an Australia-based specialist digital payments platform business that holds a strategic shareholding in NYSE-listed Block, Inc. (NYSE: SQ) and manages legacy operations in retail consumer and business finance. The company offers proprietary technology solutions including SmartCheck, a robust origination and credit decision engine optimized for digital channels that previously powered point-of-sale lease finance payments; e-signature capabilities for paperless in-store and online transactions; legacy leasing products for consumers and businesses with transaction values ranging from £250 to £15,000; and outsourced call centre customer support services for Clearpay, a Block subsidiary. ThinkSmart operates primarily in the United Kingdom, where it is authorized by the Financial Conduct Authority, with a focus on retail sector payments and finance targeting consumers and businesses. Founded in 1996 in Australia and commencing UK operations in 2003, the company is headquartered in Australia and wholly owned by Tuscan Equity Pty Ltd following the implementation of a scheme of arrangement in December 2022, under which Tuscan Equity acquired 100% of its issued share capital. Recent major changes include the full acquisition by Tuscan Equity Pty Ltd in December 2022, which consolidated control under Executive Chairman Ned Montarello and positioned the company to prioritize value from its Block investment; the managed wind-down of new retail consumer and business finance business since February 2021 with ongoing cost base adjustments; and the sale of Australian and New Zealand operations to FlexiGroup Limited in early 2014 for $43 million, shifting primary focus to UK activities.