ASX Listed Touch Ventures have reported their Net Tangible Assets for July 2022 including their fintech investments.

Australian fintech news and market updates

person touching screen used for touch ventures article

ASX Listed Touch Ventures has reported their NTA Per Share of 22.3c a share v 27.4c previously.

The company wrote down the carrying value Happay by over 90% but kept Basiq flat, whilst Refundid increased.

The company said in an ASX Announcement :

"Given the current economic conditions, we have slowed down the pace of deployment of capital and held approximately A$63m (or 9c/share) of cash on hand at 31 July 2022. This enables Touch Ventures to selectively support its existing portfolio and to consider new opportunities as valuations of technology businesses revert to more attractive levels."