Tagged: australia

June 23, 2021 @ 11:06 pm By Omar Faridi  |  

x15ventures, which is Commonwealth Bank‘s venture-scaling unit, has chosen Stone & Chalk, Australia’s Impact Network for emerging tech startups and scale-ups, in order to assist with recruiting seasoned founders to take part in Xccelerate21, which focuses on reimagining the retail experience. Xccelerate21 is described as… Read More

June 15, 2021 @ 11:57 pm By Priyanka Pani  |  

UK-based technology platform BankiFi has entered the Australian Financial Services market to provide quick payment transfer, allowing small and medium-sized enterprises (SMEs) and avoid issues like late payment and other cashflow-related woes. The company has already been engaging with Australian financial services organizations from its… Read More

June 14, 2021 @ 7:55 am By Omar Faridi  |  

Trust Payments, the multinational unified payments group, has teamed up with Zip, the first Buy Now, Pay Later (BNPL) service to join its diverse network of payment partners. The agreement means that merchants based in the UK that are using Trust Payments’ platform may provide… Read More

June 7, 2021 @ 8:58 pm By Omar Faridi  |  

Australia-based Frollo, the “purpose-driven” Fintech firm that offers financial management and Open Banking services, has introduced a new feature for its budgeting app that allows customers to check their real time balance with Siri and the firm’s Open Banking connections. Some common use-cases for voice… Read More

June 2, 2021 @ 9:08 pm By JD Alois  |  

Volt, an Australian digital banking service, has partnered with Australian Finance Group Ltd (ASX:AFG) – a large mortgage aggregator. The partnership with Volt is a significant sign of confidence for the emerging Fintech. Simultaneously, Volt has extended its Series E funding round. According to a… Read More

May 30, 2021 @ 11:02 pm By Samantha Hurst  |  

Expense Check, an Australian insurtech, announced on Monday it raised AU$4 million through its latest investment round, which was led by Holland Insurance Company. The company also revealed that it has rebranded to Kanopi as it prepares to expand its local presence and launch into… Read More

May 30, 2021 @ 4:41 pm By Omar Faridi  |  

Railsbank, an established embedded finance platform, has reportedly hired Ben Smith as General Manager for Australia as the banking-as-a-service (BaaS) platform expands operations across the Asia Pacific (APAC) region. Smith has earned a degree in Chemistry from The University of Manchester before he moved to… Read More

May 30, 2021 @ 10:45 am By Omar Faridi  |  

Australia-based COMIT Network, a research and development (R&D) workgroup, recently announced that “trustless” atomic swaps between Monero (XMR) and Bitcoin (BTC) are currently live on Mainnet. According to a release, this allows users to trade XMR for BTC without having to trust a third-party or… Read More

May 24, 2021 @ 11:05 pm By Omar Faridi  |  

Mastercard has reportedly joined a $25 million investment round in Australia-based payments-as-a-service Fintech mx51. As noted my mx51’s management: “We empower our partners to connect seamlessly with merchants and their customers. mx51 is the first Australian fintech to develop a bank-grade, modern, end-to-end Payment as… Read More

May 24, 2021 @ 9:46 pm By Omar Faridi  |  

Australian Stock Exchange (ASX)-listed Buy Now, Pay Later Fintech Zip is reportedly expanding its business operations into European markets and the Middle East. Zip says it’s acquiring European BNPL Fintech Twisto and UAE’s Spotii as well. Zip reportedly took part in a €16 million investment… Read More

May 22, 2021 @ 6:59 pm By Omar Faridi  |  

x15ventures (x15), which is Commonwealth Bank of Australia‘s venture-scaling division, has introduced a stand-alone or independent platform for helping new digital initiatives and business owners with fulfilling regulatory, risk and compliance requirements – which are part of scaling operations. The “xStack” platform is based on… Read More

May 20, 2021 @ 2:11 am By Omar Faridi  |  

Rabobank, a Dutch multinational banking and financial services group, has reportedly decided to spin off its TreasurUp initiative via a Series A round with assistance from Australia’s cross-border payments Fintech OFX. Rabobank will still be a shareholder in TreasurUp, while management and TreasurUp’s engineering partner… Read More

May 19, 2021 @ 1:47 am By Omar Faridi  |  

Australia’s commission-free brokerage app Stake has acquired $30 million in capital from Tiger Global and partners of DST Global in order to support the firm’s expansion into European markets. Stake provides retail investors with access to over 4,400 US stocks and exchange-traded-fund (ETFs), along with… Read More

May 18, 2021 @ 9:03 pm By JD Alois  |  

Prospa Group Limited (ASX: PGL ) has topped $2 billion in lending to SMEs in Australia and New Zealand. In a public statement, Prospa said the milestone arrived after a solid increase in loan originations due to pent-up demand from small businesses. For the month… Read More

May 13, 2021 @ 9:03 am By Omar Faridi  |  

Property investment marketplace CrowdProperty has reportedly launched its Australia-based division in order to support property development in the country. David Ingram has been appointed as the Chief Executive for CrowdProperty’s business operations in Australia. CrowdProperty has issued over £100 million in loans to UK-based property… Read More

May 10, 2021 @ 10:57 pm By Omar Faridi  |  

EML Payments Ltd (ASX: EML) (S&P/ASX 200) reports that it remains focused on its evolution as a diversified payments and digital banking enabler. EML supports Fupay’s cash flow management and Millennial credit product (based in Australia). EML has now decided to transition to the next… Read More

May 9, 2021 @ 11:17 pm By Omar Faridi  |  

Australia-based Buy Now, Pay Later (BNPL) Fintech firm Zip Co has reportedly decided to expand its global operations. Zip has received a strategic investment in TendoPay, a BNPL service provider operating in the Philippines. This latest investment marks Zip’s initial steps into Southeast Asia, which… Read More

May 7, 2021 @ 8:30 am By Samantha Hurst  |  

  Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Thursday it has teamed up with Afterpay for in-store digital card offering in both Australia and New Zealand. The duo has also partnered in the U.S and Canadian markets According to Marqeta,… Read More

May 5, 2021 @ 2:38 pm By Samantha Hurst  |  

  First AML, an anti-money laundry regtech startup, announced on Tuesday it has launched its operations in Australia. Founded in 2017, First AML streamlines anti-money laundering compliance through its online identity verification system that may be used by individuals anywhere in the globe through a smartphone.  The… Read More

May 3, 2021 @ 10:27 pm By JD Alois  |  

FinTech Australia has announced the 2021 finalists for its annual “Finnies” award. According to an email, the group received 290 award entries across 20 categories. The category winners will be announced in person this year on June 9, 2021, at The Forum in Melbourne. FinTech… Read More