Tagged: australia

November 29, 2022 @ 7:32 pm By Omar Faridi  |  

FinTech Australia has appointed Rachel Hopping as “its first Head of Strategic Partnerships, joining the team from share trading and superannuation Fintech Superhero.” The new role will primarily “engage with FinTech Australia’s 400 corporate partners, which include Visa, Mastercard and AWS.” Starting in 2019, the… Read More

November 28, 2022 @ 4:00 pm By JD Alois  |  

FrankieOne has raised $15.5 million in a Series A+ round led by Greycroft and Australian VC AirTree Ventures. The company reported that Reinventure (Westpac Bank’s venture arm), Tidal Ventures, and Apex Capital Partners also reinvested. New strategic investors include Binance Labs and Kraken Ventures. The… Read More

November 28, 2022 @ 10:40 am By Omar Faridi  |  

Salary streaming and budgeting platform, Nine25 recently announced the launch of its capital raise with Equitise, kicking off a $2.55 million raise as demand steadily increases from investors. Unlike other so-called “budgeting” platforms which say that they budget by creating dashboards and reporting, Nine25 notes… Read More

November 28, 2022 @ 8:18 am By JD Alois  |  

Ettle, a blockchain startup, has announced a pilot transaction for an Australian dollar-based stablecoin AUDE. According to a company statement, Ettle partnered with Meadow Labs in the experiment to make a payment using the AUDE to one of its contractors. Ettle says it is utilizing… Read More

November 26, 2022 @ 9:07 pm By Omar Faridi  |  

CBA has launched a new credit score hub “to help customers improve their financial wellbeing, as new research reveals only 1 in 5 Aussies have checked their personal credit score in the past 6 months, with around a third unsure what a credit score is.”… Read More

November 23, 2022 @ 7:52 am By Omar Faridi  |  

Digital lender and non-bank challenger MONEYME Limited (ASX: MME) has surpassed $3 billion in originations since inception, “after 4x growth in FY22 driven primarily by the success of its auto finance product Autopay.” This includes the $1.1 billion in originations by SocietyOne “prior to the… Read More

November 21, 2022 @ 9:32 pm By Omar Faridi  |  

Financial wellbeing Fintech Wagestream, with research and analysis from Good Shepherd Australia New Zealand, has launched the inaugural Australian State of Financial Wellbeing Report in a bid “to identify how employers can better alleviate financial stress in the workplace for struggling employees.” The report is… Read More

November 18, 2022 @ 5:58 pm By Omar Faridi  |  

Arkon Energy, which claims to be a “100% renewable” data center infrastructure company, has announced the completion of a US $28M raise. The Australia-based company has also “completed the acquisition of Hydrokraft AS, a leading renewable energy-based data center in Norway.” The Hydrokraft purchase is… Read More

November 15, 2022 @ 10:50 pm By Omar Faridi  |  

NAB Now Pay Later is now live and “available for the 52,000 customers who pre-registered.” In a move to give Australians more control of their money, customers can now “apply for and use the bank’s new instalment payments product in their NAB app.” Customers can… Read More

November 6, 2022 @ 8:37 pm By Omar Faridi  |  

Jakarta-based Bank Negara Indonesia (BNI) is migrating to the Avaloq Core Platform to support “the success of its Wealth Management Division.” Avaloq will “enable the bank to digitalize key business processes and meet the needs of the country’s growing wealth management and private banking clients.”… Read More

November 2, 2022 @ 10:37 am By Omar Faridi  |  

Global fintech platform Airwallex announced a Buy Now Pay Later (BNPL) functionality in partnership with Atome, Asia’s lBNPL brand. Announced recently, the collaboration will “enable Airwallex merchants to offer BNPL as a payment option to shoppers across Hong Kong, Indonesia, Malaysia and Singapore.” The partnership… Read More

October 28, 2022 @ 8:13 pm By Omar Faridi  |  

InComm Payments, a global payments technology company, announced it has acquired The Card Network (TCN), an Australian-based gift card provider “known for its suite of creatively themed, multi-brand gift cards.” The acquisition “enhances InComm Payments’ ability to create personable gift card products that consumers seek,… Read More

October 27, 2022 @ 9:57 pm By Omar Faridi  |  

Upside, a Web3 focused Investment Decentralized Autonomous Organisation (DAO), announced it has raised $5 million in capital “to deploy in support of the best Web3 startups, with a focus on Australia.” To that end, Upside DAO is also “announcing the first recipients of its investment… Read More

October 26, 2022 @ 3:55 pm By Omar Faridi  |  

BNPL firm Zip Co (ASX: ZIP) announced the availability of Zip Card, issued by WebBank, the newest buy now, pay later product “offered through its portfolio.” As consumers look for BNPL options in brick-and-mortar retail, the Zip Card “extends the ‘Pay-in-4*’ functionality offline in a… Read More

October 23, 2022 @ 3:07 pm By Omar Faridi  |  

A new academy focused on tackling financial crime will be formed under a partnership agreement between Griffith University and the Commonwealth Bank of Australia (CBA). Building on CBA’s existing capability to combat financial crime and Griffith University’s considerable expertise in business and accounting structures, criminology… Read More

October 19, 2022 @ 9:53 pm By Omar Faridi  |  

NAB has launched tap on phone payment technology “for small businesses in a first for a major Australian bank.” The NAB Easy Tap app is described as “an innovative solution that allows small businesses to accept contactless payments when customers tap their card1 or phone… Read More

October 17, 2022 @ 6:18 pm By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has placed an interim stop order blocking Holon Investments Australia Limited from offering or distributing three funds to retail investors due to “non-compliant target market determinations (TMDs).” The order is for 21 days unless it is revoked. ASIC expects… Read More

October 10, 2022 @ 10:02 pm By JD Alois  |  

Airwallex has raised an additional USD $100 million at a valuation of USD $5.5 billion, the same as its previous round. The “Series E extension” raising money from existing investors, Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and… Read More

October 4, 2022 @ 6:12 pm By Omar Faridi  |  

Commonwealth Bank’s venture-scaling arm, x15ventures, has announced a $250,000 investment in Paytron, “after the full-suite workflows and spend management platform won this year’s Xccelerate program.” Paytron was founded by Jaco Veldsman and Francois Henrion “to transform business spend, with integrated workflows to control every transaction.”… Read More

October 3, 2022 @ 9:41 pm By Omar Faridi  |  

The government in Australia has noted that it would be issuing a formal response to a report advising banking institutions in the country of their duty to keep offering banking services to Fintechs, virtual currency trading platforms as well as remittance service providers. This, after… Read More