The app was founded by Marta Barbayannis, who described GiftWell as “an electronic wishing well” making it easier to “give gifts for life’s special moments”.
Neobank Xinja Bank has broken its own equity crowdfunding record, raising just under $2.59 million from over 1,500 investors in its second campaign.
GetReminded looks to help consumers avoid overpaying when their contracts for various services expire, and remind them when renewals for others, such as passports or licences, are due.
As the finance sector deals with the fallout, fintech startups are taking note of both the lessons to be learned and the opportunities that have emerged.
ASIC has joined 28 international bodies in launching the Global Financial Innovation Network (GFIN), which aims to support financial innovation in the interests of consumers.
Fresh from securing its restricted banking licence from the Australian Prudential Regulation Authority (APRA) last month, neobank Xinja Bank has launched its second equity crowdfunding offer.
Verve is a women-only fund focused on closing the gap between men and women’s super: women currently retire with an average of 47 percent less super than men.
OpenSparkz is working to reimagine loyalty programs and offers, believing there is too much friction in existing schemes for both merchants and customers.
The Australian alternative lending space has a new player in its midst, with new offering Lumi launching following the raise of a $31.5 million Series A round.
While there are a wealth of pocket money apps and kids’ bank accounts in the market, the team still saw a gap for a money management and education tool for kids, and so Kwidz was born.
Almost 70 percent of Australian fintech startups are post-revenue and 19 percent are profitable, median revenue growth across the sector up 2.25x on 2017, a report has found.
Slyp, which allows merchants to send a customer’s receipt directly to their banking app, has raised $2 million in a seed funding round led by NAB Ventures.
Get, the Sydney-based university payments startup formerly known as Qnect, has raised $3.4 million in a funding round led by Vertex Ventures and Click Ventures.
WLTH aims to put into the hands of the average Australian tech tools that have traditionally only been available to finance professionals.
Now might be exactly the right time in Australia to start a fintech, but what exactly the best investors are looking for can be a mystery for new founders.
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