Apxium is a leading provider of accounts receivable automation software, along with smart payments tech and automated invoice financing to deliver a unique combination that was previously missing within the global professional services arena. Founder and Managing Director Jeremy Coombe said that as a unique “SaaS+FinTech” innovation, Apxium brings new technology to solve problems evident… Read more »
Hnry believes sole traders should have access to world-class tax accountancy services. They say there’s no other certainty in life than death and taxes, but for many sole traders, doing their taxes is a kind of death. Death by a thousand numbers, receipts, deadlines and obligations. It’s enough to kill the startup dream. Then along… Read more »
The new federal financial services minister Stephen Jones says the Labor government will regulate cryptocurrency exchanges, as well as applying credit laws to the buy now, pay later (BNPL) sector. Speaking to the Guardian Australia, Jones vowed to continue the roadmap drawn up by the previous government and former treasurer Josh Frydenberg, consulting with the… Read more »
Share trading and superannuation fintech Superhero will merge with cryptocurrency exchange Swyftx to create a four-year-old fintech startup valued at $1.5 billion. The two fintechs will continue to operate their separate brands and platforms while offering both services to all users in what they describe as create “the country’s first digital and traditional finance powerhouse”,… Read more »
Share buying app Stake has raised an extra $50 million in a Series A extension 12 months after raising $40 million in its initial round. The world’s most active investor, US VC Tiger Global and DST Global Partners doubled down on the fintech in the extension raise, taking the total raised in over the year… Read more »
Sydney fintech Reach Alternative Investments has raised $2.2 million in an oversubscribed Seed round. The raise was led by VC Carthona Capital, with Reach’s post-money valuation hitting $11.2 million just eight months after it emerged from the Antler program. Reach CEO and co-founder Sam Phillips said more than $3 million was on the table, exceeding their… Read more »
Kiwi fintech Dosh, New Zealand’s first digital wallet, has raised $5 million in a seed round that’s believed to be a local record. It follows a $1 million pre-seed round in late 2021 for product build and NZ regulatory compliance. The latest cash is for further product innovation and development, as well as roll out… Read more »
Until now, access to exclusive institutional-grade private equity funds, run by the world’s leading asset managers, has typically been restricted to large institutions and the ultra-wealthy. It is telling that many of the largest and most successful fund managers in the world do not have brands that are familiar to even the most active individual… Read more »
ANZ bank has minted its own stablecoin, A$DC, becoming the first Australian bank to create its own cryptocurrency with a value pegged to the Australian dollar. The ANZ stablecoin was created for the billionaire Smorgon family’s investment firm Victor Smorgon Group, which was issued with the 30 million A$DC in February. Unlike other popular stablecoins, A$DC… Read more »
Byron Bay-based real-time merchant payments fintech Zepto (formerly Split Payments) has raised $25 million in a Series A. The round was led by Sydney VCs AirTree Ventures and Decade Partners. The cash is tagged for domestic growth as well as international expansion, strategic hires and developing new functionality for Zepto’s on top of the New… Read more »
Expense management platform Cape has raised a staggering $33.1 million in a pre-Seed round. The raise is split between $3.1 million in VC equity and a $30 million debt facility Aura Ventures. The raise values the Sydney startup at $18 million. The equity cap table includes Investible, Scalare Partners, Mercury Capital and 15 business angels,… Read more »
With petrol prices rising, are you filling up on the best day of the week? Are you subscribing to too many streaming services? And how much are you actually spending on home delivery? An emerging breed of AI-driven fintechs can tell you all of this and more – simply by looking at your account and… Read more »
Business payments fintech Zeller is claiming unicorn status less than a year after launching following a $100 million Series B capital raise. The Melbourne startup has again looked offshore for capital with US VC Headline leading the round supported by local industry super fund Hostplus. Founded by former Square exec Ben Pfisterer and Dominic Yap,… Read more »
Australian-founded, Europe-focused buy-now-pay-later startup Scalapay has raised A$692 million in a debt and equity Series B. The round was led by Chinese tech powerhouse Tencent and US VC Willoughby Capital, with participation from existing backer Tiger Global, Gangwal, Moore Capital, Deimos, and Fasanara Capital. The fintech already hit unicorn status last year following a $210… Read more »
Buy-now-pay-later (BNPL) fintechs have built their brands over the last several years selling the convenience of “budgeting” your expenses. You can have your cake now, eat it too, then pay it off over 4 interest-free payments. But there’s been growing concerns about the sector, with nearly two-thirds of Australian financial counsellors supporting clients struggling with… Read more »
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