Tagged: australia

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

August 9, 2021 @ 9:28 pm By Omar Faridi  |  

Commonwealth Bank of Australia (CBA) has reportedly upgraded its benefits finders tool in order to assist struggling businesses or companies with understanding and connecting with State and federal Coronavirus crisis support measures as the nation starts to enter a new phase of lockdowns. Implemented as… Read More

August 8, 2021 @ 7:47 pm By Omar Faridi  |  

Switzerland’s banking software firm Temenos (SIX: TEMN) recently revealed that Australia’s digital banking platform, Alex, has now gone live on the Temenos Banking Cloud. Temenos technology will be used to support Alex’s launch as a licensed banking solution provider, after the acquisition of its Restricted-Authorized… Read More

August 3, 2021 @ 10:33 pm By JD Alois  |  

FinTech Australia, the leading association advocating on behalf of innovation in financial services in Australia, is looking for a new Chief Executive Officer. The hunt for new leadership was predicated by the decision of former CEO Rebecca Schot-Guppy to exit the group to take a… Read More

August 3, 2021 @ 9:35 am By Omar Faridi  |  

Digital currency exchange Independent Reserve revealed on Monday (August 2, 2021) that it had acquired an “in-principle approval” letter for a Major Payment Institution License in Singapore from the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA) “to operate as a regulated… Read More

August 2, 2021 @ 8:15 am By Omar Faridi  |  

Fintech giant Square (NYSE:SQ) will be acquiring Australia-based Buy Now, Pay Later or BNLP firm Afterpay for $29 billion. For payments Fintech Square, this deal should serve as a key opportunity to enter the fast-growing BNPL market that is now challenging the traditional merchant card-based… Read More

August 1, 2021 @ 5:41 pm By Omar Faridi  |  

Airwallex, a cross-border payments firm, recently revealed its plans to form a new venture capital fund that is set up by its founders. The Capital 49 fund will aim to make investments into early-stage, high-growth tech-enabled companies that will be supported by Airwallex’s infrastructure. The… Read More

July 29, 2021 @ 2:48 pm By Tony Zerucha  |  

While the Americans and Chinese have more collective wealth, it is the Swiss who are the richest per capita, new numbers from BuyShares.co.uk show. The Swiss have average per capita wealth of $674,000, which is 33 per cent more than the USA or Hong Kong…. Read More

July 28, 2021 @ 8:47 am By Omar Faridi  |  

Credit Suisse-backed SME lending Fintech Tradeplus24 has finalized an “oversubscribed” $25 million pre-series B equity raise, which was led by a European family office with an established track record of investing in “high-growth” startups like Klarna, Delivery Hero, and Lyft. Existing investors Credit Suisse, SIX… Read More

July 27, 2021 @ 6:07 pm By JD Alois  |  

Investment crowdfunding in Australia, or crowd-sourced funding (CSF), has doubled in the first half of 2021 in comparison to the same period year prior according to a note provided by Birchal. In aggregate since CSF became legal, over 144 Australian SMEs have raised over $100 million… Read More

July 21, 2021 @ 9:42 pm By JD Alois  |  

OwnHome, an Australian Proptech seeking to help turn renters into homeowners, has raised $3.6 million from investors including Global Founders Capital, Entrée Capital, AfterWork, and InVentures. OwnHome had previously secured seed funding from the Commonwealth Bank’s x15 Xccelerate program. The company notes that skyrocketing property… Read More

July 21, 2021 @ 9:27 pm By Omar Faridi  |  

Australia-based Buy Now, Pay Later (BNPL) Fintech Afterpay (ASX:APT) says it will be diversifying its business operations with the introduction of a “money and lifestyle” app. The Money app has been developed following Afterpay‘s partnership with Westpac. Through their collaboration, Afterpay is able to operate… Read More

July 19, 2021 @ 8:05 am By Omar Faridi  |  

TrueLayer, the global Open Banking solution provider, reveals that it has hired technical professionals in Australia in order to expand operations in the APAC region. Tilen Chetty will be joining TrueLayer in Sydney as Product Lead and Dan Gaskin will be working out of the… Read More

July 18, 2021 @ 11:33 am By Omar Faridi  |  

Kristo Käärmann, Co-founder and CEO of Wise (previously dba TransferWise), which aims to make money work without borders, notes that they’re building the world’s most international account. 1/ @Wise Q2 Mission Update is here. Our team is 2,600 people now. How much progress did we… Read More

July 17, 2021 @ 11:28 am By Omar Faridi  |  

After digital asset firm Kraken’s listings of Enjin (ENJ) on May 14 and Polygon (MATIC) on May 17 for most jurisdictions, the company is pleased to confirm the availability of Polygon and Enjin trading for US, Canada and Australia residents. Trading for both assets are… Read More

July 13, 2021 @ 6:58 pm By Omar Faridi  |  

Gary Rohloff, Co-Founder and Managing Director at New Zealand’s Laybuy, a Buy Now, Pay Later or BNPL Fintech, notes that last week, they released their FY21 annual report – which is the first since listing on the Australia Stock Exchange (ASX) in 2020. Gary writes… Read More

July 12, 2021 @ 9:35 pm By Omar Faridi  |  

Australia’s first neobank Volt has reportedly acquired neo-lending platform Australian Mortgage, enabling it to provide “fully-verified” approval times of less than 15 minutes on its new digital mortgage product. As mentioned in a release shared with CI: “This is a material improvement compared to many… Read More

July 11, 2021 @ 8:57 pm By Omar Faridi  |  

With changing consumer habits for digital purchasing and a significant increase in customer demand for Buy Now Pay Later (BNPL) payment services in the Australian market, Fintech firm Zip has decided to join forces with Microsoft (NASDAQ: MSFT). Zip says the new partnership is designed… Read More

July 4, 2021 @ 4:02 pm By Omar Faridi  |  

Following digital asset firm Kraken’s listing of Solana (SOL) on June 17, 2021 for most jurisdictions, the company is pleased to confirm that Solana trading and staking will be available to US, Canada and Australia residents as well. As mentioned in an update from Kraken:… Read More