Tagged: australia

October 25, 2021 @ 8:38 am By Omar Faridi  |  

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

October 21, 2021 @ 10:36 pm By Omar Faridi  |  

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

October 19, 2021 @ 10:44 pm By JD Alois  |  

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

October 17, 2021 @ 7:49 pm By JD Alois  |  

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

October 14, 2021 @ 8:00 pm By Omar Faridi  |  

We recently caught up with Domenic Carosa, Founder and Chairman at Banxa (TSX: BNXA), which powers one of the largest digital asset platforms by offering payments infrastructure and regulatory compliance across international markets. Banxa’s goal and vision is to develop the bridge that offers consumers… Read More

October 12, 2021 @ 8:35 pm By JD Alois  |  

Earlier this year, CrowdProperty announced an expansion into Australia. The property investment marketplace said the model that they have proven in the UK is a perfect fit for the Australian market. Today, CrowdProperty Australia is reporting that it has raised $1.5 million to expand its… Read More

October 11, 2021 @ 5:29 pm By Omar Faridi  |  

Following the commercial launch of the Spenda Payment Suite in May of this year, this week Cirralto released a “major” upgrade to the Spenda system. In addition to the increased functionality, this update provided the necessary changes and assurance of their transaction scaling capabilities “to… Read More

October 4, 2021 @ 4:04 pm By JD Alois  |  

Trovio Capital Management (TCM) has announced the creation of the Digital Asset Income Fund for investing in stablecoin based decentralized finance (DeFi) protocols. TCM is a subsidiary of The Trovio Group based in Australia. The Fund is said to be institutional-grade to enable a safe… Read More

October 4, 2021 @ 8:46 am By JD Alois  |  

Birchal, the top investment crowdfunding platform (called crowd-sourced funding or CSF) in Australia, is reporting that September 2021 is the biggest quarter ever for the industry. According to Birchal, crowdfunding in Australia jumped by 110% versus same quarter year prior. Platforms raised $19.4 million from… Read More

October 3, 2021 @ 7:31 pm By JD Alois  |  

Timelio, a platform that provides working capital solutions so merchants get paid immediately, has raised $270 million in a debt facility led by Goldman Sachs. According to a company release, Timelio has successfully transitioned long-term marketplace investors, to offer them a position in the warehouse… Read More

October 1, 2021 @ 8:14 am By Omar Faridi  |  

Fintech Australia has released a tool for early-stage Fintechs and international financial tech platforms expanding into Australia, providing guidance on financial services licensing in Australia and “which government bodies are responsible for managing them.” Created with assistance from law firm K&L Gates and Austrade, the… Read More

October 1, 2021 @ 7:58 am By Omar Faridi  |  

Australian founded and headquartered payments firm, Till Payments, has finalized its Series C round, securing $110 million in private capital. The proceeds will be channeled towards strengthening Till’s domestic capabilities, “bolster global expansion, and further innovate its cutting-edge technology,” according to a release. The announcement… Read More

September 29, 2021 @ 11:29 pm By JD Alois  |  

EML Payments (ASX: EML) has received approval by French and UK regulators to complete its acquisition of Sentenial Limited including its Nuapay Brand. EML states that the acquisition positions it as a global leader in Open Banking and card payments. EML is acquiring Sentenial, including… Read More

September 29, 2021 @ 11:14 pm By JD Alois  |  

Following approval by the Australian Competition and Consumer Commission, TrueLayer, an open banking platform, has announced the launch in Australia and the promotion of Brenton Charnley to CEO of Australia & New Zealand, according to a statement by the company. Brenton joined TrueLayer in Sydney… Read More

September 29, 2021 @ 7:49 am By Omar Faridi  |  

One of the “longest-running” crypto exchanges, CoinJar UK Limited has been “officially registered” by the Financial Conduct Authority (FCA) as “a Cryptoasset Exchange Provider and Custodian Wallet Provider.” As mentioned in an update shared with CI: “In January 2020, new regulatory powers were introduced to… Read More

September 24, 2021 @ 9:49 am By Omar Faridi  |  

Prodigy Finance, the Fintech firm that’s focused on cross-border lending for postgraduate international students, has finalized a funding deal from CPP Investments – which will see the institutional investor offer as much as $500 million of financing via its wholly-owned subsidiary CPPIB Credit Investments Inc….. Read More

September 20, 2021 @ 9:33 pm By Omar Faridi  |  

S&P Global Ratings has reportedly given Judo Bank a BBB- rating, which is a move that may have surprised one of Australia’s first banking challengers for SMBs, especially due to the “relatively short life cycle,” according to an update from The Future of Banking. In… Read More

September 11, 2021 @ 8:31 am By Tony Zerucha  |  

Australian digital asset vehicle DNA Tracker Fund has recorded a 184.35 per cent net return on investment over the nine months since its inception Dec. 1, 2020, the company said this week. DNA Tracker provides Australian and New Zealand wholesale investors with access to a diversified… Read More

September 9, 2021 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ) has announced that a partnership with Zip Co. (ASX: Z1P) in Australia will continue as they join to power a buy now, pay later (BNPL) solution. Marqeta has been working with Zip for about a year but this is the first time… Read More

September 7, 2021 @ 2:59 pm By Omar Faridi  |  

Trade Ledger, an international digital lending platform, has teamed up with ScotPac, Australia and New Zealand’s biggest non-bank SME lender, in order to develop an origination and underwriting experience for business funding. As mentioned in a release, the partnership demonstrates the scope of the Trade… Read More