Sydney fintech startup Nod looks to help people get financial advice on-demand; users can ask a question, pick an adviser, receive their advice, and pay through the platform.
National Australia Bank has led a US$24 million Series B round (approximately $31 million) in San Francisco-based foreign exchange payments company Veem through its VC fund, NAB Ventures.
Standards Australia has released a roadmap for the development of standards for blockchain and digital ledger technologies (DLT), looking to push development of standards internationally.
Federal Treasurer Scott Morrison has underlined the government’s support for fintech, telling the G20 Conference on digitising finance, financial inclusion, and financial literacy in Germany of the potential of financial technology to help shape Australia’s economy going forward.
A property is purchased and put into a trust, then split into 10,000 units – or bricks – which can then be bought by investors through Brickx.
First announced by Scott Morrison in May, ASIC has launched its ‘regulatory sandbox’ for fintechs looking to test new financial products and services.
Groupee allows users to quickly pay their portion of a bill at a restaurant or cafe, whether they’ve dined with one other person or 20.
ASIC has signed an agreement with the Ontario Securities Commission in Canada that will allow fintech companies greater support when looking to enter and operate in the other’s market.
The Commonwealth Bank of Australia (CBA) has today announced the signing of a Memorandum of Understanding (MoU) with Ant Financial Services Group’s mobile and online payment platform, Alipay.
Tyro Payments, the Sydney-based fintech company looking to become the next big Australian bank, has announced the appointment of Gerd Schenkel as its new CEO. Current CEO Jost Stollmann will move to the position of full-time executive director.
SavvyKiwi looks to help match savers to the right fund. It then keeps monitoring the fund to keep savers abreast of any issues or changes that they should be aware of and, if they choose to switch, helps them easily transfer to another fund.
Kiwibank has opened applications for New Zealand’s first dedicated fintech accelerator, powered by Lightning Lab, to run in Wellington in collaboration with Callaghan Innovation and Xero.
Sydney’s home loan marketplace, HashChing has reached a $1 billion loan milestone as the fintech space builds momentum. The announcement was made at yesterday’s H2 Venture Fintech Expo that saw a range of fintech startups graduating from the accelerator program.
Last month Startup Daily profiled Nomad Financial, a New York-based financial services firm dedicated to startups, and looked at whether Australia’s startup ecosystem was in need of a similar firm. Australian entrepreneurs Sarah Riegelhuth and Finn Kelly decided there is, in fact, a market for such a firm and launched We Love Numbers.
Daily startup news and insights, delivered to your inbox.
