Tagged: australia

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

September 6, 2021 @ 6:17 am By Omar Faridi  |  

Australia’s neobank Volt has teamed up with virtual currency exchange BTC Markets (BTCM) in order to offer BTCM and its clients with improved speed, stability, and confidence when investing in crypto-assets, facilitated by Volt’s banking-as-a-service (BaaS) platform. The partnership will offer integrated banking capabilities to… Read More

September 1, 2021 @ 7:43 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, and Global-e (NASDAQ: GLBE), a cross-border digital commerce platform, have extended their partnership to provide  flexible payment methods to clients across the US, UK, France, Spain, Italy, and Australia. Klarna‘s payment services will be accessible to… Read More

August 26, 2021 @ 7:22 pm By JD Alois  |  

Bendigo and Adelaide Bank have agreed to pay $116 million to acquire Ferocia Pty Ltd in a move designed to accelerate the digital transformation of its banking operations. The acquisition of Ferocia will include Up a highly rated banking app. Bendigo and Adelaide Bank expect… Read More

August 25, 2021 @ 10:22 pm By JD Alois  |  

Airwallex, an Australian payments Fintech, has launched in North America. In a company release, Airwallex said that US businesses may now gain access to the suite of financial infrastructure, payments, treasury, and expenses services without the constraints of the traditional financial system. Airwallex’s market entry… Read More

August 22, 2021 @ 6:56 pm By JD Alois  |  

FinTech Australia, the leading voice in Australia advocating on behalf of innovation in the financial services sector, is reporting that the Sydney Stock Exchange (SSX) has joined its corporate partnership program, becoming the 13th new major member in the past year. SSX joins other partners… Read More

August 16, 2021 @ 6:27 pm By Omar Faridi  |  

Mawson Infrastructure Group Inc. revealed on August 12, 2021, that they had purchased an additional 17,352 of Canaan’s (NASDAQ:CAN) latest generation ASIC Bitcoin miners, adding more than 1.5EH to Mawson’s current operations. The additional 17,352 Avalon A1166 and A1246 BTC miners will be deployed across… Read More

August 12, 2021 @ 10:04 pm By Omar Faridi  |  

Australia’s first “smartbank,” 86 400, reveals that it has introduced a new 85% Loan to Value Ratio (LVR) tier for Owner Occupied, Principal and Interest home loans, and has now “removed the need to pay Lenders Mortgage Insurance (LMI) with a 15% deposit/equity, knocking thousands… Read More