Tagged: australia

Australian Mobile Payments Platform, Mr Yum, Secures £48M via Series A led by Tiger Global

Australian mobile payments firm, Mr Yum, has secured £48 million via a Series A round that was  led by Tiger Global. This is reportedly the largest Series A for a female-led firm from Australia, and the third-largest Series A in Australian markets. Other investors that… Read More

Digital Banking: Australia’s Westpac Brings Enhanced Mobile App to Android Clients

Westpac is bringing its enhanced mobile app to Android clients, as the COVID-19 outbreak continues to accelerate the adoption and usage of virtual banking services. The app from Westpac makes it quicker, convenient, and a lot more secure for clients to effectively manage their funds,… Read More

Australian Ethical Awards Grants for Climate and Tech Solutions

Australian Ethical has, a “responsible investment and fastest-growing super fund manager” with over $6 billion in Funds Under Management (FUM), has awarded $500,000 to fund climate and tech solutions in its inaugural 2021 Visionary Grants. The funding was made via the philanthropic entity the Australian… Read More

Australian Financial Comparison Service Provider, Canstar, Appoints Angelo Demasi as Chief Product and Tech Officer

Canstar, one of Australia’s largest financial comparison sites, which claims to compare more brands than any other service provider, has confirmed the appointment of Angelo Demasi as Chief Product and Technology Officer. Demasi will be responsible for leading the firm’s digital transformation/innovation strategy, enhancing Canstar’s tech… Read More

BNPL Fintech Afterpay Introduces Buy Now, Pay Later Subscriptions In the US

Afterpay (ASX:APT), a provider of Buy Now, Pay Later (BNPL) payments, has announced its subscription solution – giving US consumers the option to pay for their recurring purchases in installments. Merchants such as IPSY, BoxyCharm, Savage X Fenty, and Fabletics will be among the first… Read More

Digital Transformation: Bank of Queensland Continues Tech Modernization with Move to Cloud-enabled Debit Card Management from Fiserv

Bank of Queensland (BOQ) is bringing an improved set of capabilities to debit card holders as part of the banking institution’s extensive digital offering. With the migration of its debit cards to the FirstVision platform from Fiserv, Inc. (NASDAQ: FISV), a provider of payments and… Read More

Airwallex Raises $100 Million at $5.5 Billion Valuation

Airwallex has raised an additional $100 million at a $5.5 billion valuation, according to a note from the company. The funding was an “E1” round and part of a wider $300 million Series E raise. Airwallex says the Series E1 round was oversubscribed, on the… Read More

Xero Ltd Is Acquiring LOCATE Inventory, a US Cloud enabled Inventory Management Provider

Xero Limited (ASX: XRO) has revealed that it’s acquiring LOCATE Inventory (the trading name of New Tack, Inc), a US Cloud-powered inventory management provider, in order to better support the inventory requirements of small businesses and improve its e-commerce capability. As mentioned in an update… Read More

Moven Partners with Australia’s Banking Info and Communications Tech Integrator, Nixil

Moven is pleased to confirm that it has entered into a partnership with Australia’s banking Information and Communications Technology (ICT) integration provider, Nixil Pty Ltd, with the aim of establishing a footprint in the fast-evolving virtual banking space that is “opening up in the region.”… Read More

BNPL Fintech Afterpay Announces In-Store Payment Options at Major Retailers

Afterpay (ASX:APT), a provider of Buy-Now-Pay-Later (BNPL) payments, has announced that its in-store payments solution is currently available at major retailers “just in time for the busy holiday shopping season – including Nordstrom and Nordstrom Rack, J.Crew, Madewell, American Eagle, Aerie, Tilly’s, Morphe, Alo Yoga,… Read More

Open Banking: TrueLayer Appoints New Head of Banking in Australia

Open banking platform TrueLayer has appointed Rob Hale as its Head of Banking in Australia. According to a note from TrueLayer, Hale was previously at Regional Australia Bank (RAB) where he was Chief Digital Officer. Hale is said to have aided Regional Australia Bank to… Read More

Fintech Australia Introduces Free, Comprehensive Investor Map for Sector

Fintech Australia, a national association focused on supporting the financial tech space, has provided a free new map for Fintech companies. The map offers a list of investors that are active in the nation’s Fintech industry. As noted in the announcement, the map includes investors… Read More

Railsbank Partners with Douugh to Launch Fintech Super App

Railsbank (Railspay in Australia) and Douugh (ASX: DOU) have partnered to launch a “responsible financial super app.” The app is said to offer an embedded finance experience including bank accounts, payments, cards, money management, stock investing, crypto and more. The app will launch in Australia,… Read More

Digital Bank Volt and Australian Finance Group Introduce Personal Finance App and Loan Product

Australia’s first digital bank Volt and one of the nation’s largest mortgage aggregators Australian Finance Group Ltd (ASX:AFG) have introduced a personal finance app ‘Handl. by AFG’, and a white-label home loan product, ‘AFG Home Loans Sparc’, both “powered by Volt’s banking-as-a-service (BaaS) platform,” according… Read More

Assembly Payments and CurrencyFair Merge to Form Zai

Assembly Payments and CurrencyFair have merged to form Zai. The combination of the two payments firms has just received regulatory approval and is now complete, according to a note from the company. The merger is described as enabling the company to move beyond domestic and… Read More

Australia’s Payment Platform Payble Completes Fastest Accreditation Readiness with Adatree

Australia’s first accredited and active intermediary of the Consumer Data Right (CDR) Adatree has shown the key capabilities of its SaaS tech solutions by assisting flexible payment platform Payble with accelerating its initial Accredited Data Recipient (ADR) journey to only four weeks. This has set… Read More

Digital Transformation: UK’s Wesleyan Bank Reveals that Australia’s Sandstone Technology Is a Digital Partner

UK’s Wesleyan Bank reveals that Australia-based Fintech firm Sandstone Technology is now a  digital partner to enhance its platform for individuals and small business clients. Sandstone Technology front-end virtual banking solutions offer an intuitive banking experience across multiple channels for personal and business applications. Equipped… Read More

Al Ansari Exchange Leverages RippleNet Cloud to Streamline Cross-Border Remittance Payments to Malaysia with MoneyMatch

The team at Fintech firm Ripple is pleased to confirm that UAE-headquartered foreign exchange and worldwide money transfer firm, Al Ansari Exchange has joined RippleNet. Via RippleNet Cloud, which is Ripple’s international Cloud-powered financial network tech, Al Ansari Exchange will be connecting with major money… Read More

Eco Startup Zero Co Raises $5 Million in 6.5 Hours on Birchal Topping Multiple Aussie Records

Zero Co, has broken the Australian record for the fastest online securities offering to top $3 million in funding in just 47 minutes, according to a note from the company. Zero Co, an eco startup, is raising growth capital on Birchal. Zero Co went on… Read More

Railspay, Part of Railsbank, Collaborates with Parpera on Banking as a Service Offering

RailsPay, an offshoot of Railsbank operating in Australia, has partnered with Parpera to offer its first Banking as a Service (BaaS) product. Parpera is a money management platform for consultations, freelancers, startup founders, and gig-workers. There are an estimated 2.4 million businesses in Australia with… Read More

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