Topic
Fintech Brighte secures $20 million debt facility from NAB to help Australians buy renewable energy solutions
Fintech startup Brighte has secured a $20 million debt funding facility from National Australia Bank (NAB).
Topic
Implementation of open banking scheme to begin in July 2019
Open banking will be phased in with all “major banks” to make data on credit and debit card, deposit and transaction accounts available by 1 July 2019.
Topic
Fintech company Raiz Invest looks to $15 million through IPO
Raiz Invest, the micro investment platform formerly known as Acorns Grow Australia, has lodged its prospectus with the Australian Securities and Investments Commission (ASIC), looking to raise $15 million through an initial public offering (IPO). Priced at $1.80 a share with shares scheduled to begin trading on June 21, the IPO will value the company… Read more »
Topic
Digital bank Volt secures restricted authorised deposit-taking institution licence
APRA has authorised fintech Volt as a restricted authorised deposit-taking institution, making Volt the first of the digital banks to secure the licence.
Advice
University payments startup QPay is working to become a challenger bank for the millennial market
First launched as an app through which uni students could easily buy things from merchants, QPay is now moving into the digital banking space.
Topic
SME lender Judo Capital launches with a focus on building relationships with customers
Three years in the making, Judo Capital is launching into the market today with a focus on building real relationships with its SME customers.
Topic
Fintech Australia partners with small business ombudsman to lead charge for transparency among fintech lenders
As fintech lenders come to dominate the lending landscape for small business, FinTech Australia is leading the charge for more transparency in the industry.
Topic
Property investment platform BrickX closes out $9 million Series A round with backing from NAB Ventures
With Reinventure having announced its investment in November, the closing of the Series A brings the total raised by the startup to date to $12.5 million.
Advice
Brisbane fintech Cohort Go facilitates cheaper cross-border payments for international students
Cohort Go enables students to pay in their own local currency, and offers them rates usually only available to large corporates.
Topic
Data and analytics firm Illion acquires Adelaide fintech startup Proviso
Data registries and analytics business Illion, formerly Dun & Bradstreet, has acquired Adelaide fintech startup Proviso as it gears up for the arrival of Australia’s open banking regime.
Opinion
Congratulations, your Bitcoin obsession is killing the planet
The higher the value of Bitcoin the more energy people will use in order to compete for it during the mining process.
Advice
Airwallex raises follow-on US$6 million in Series A funding from Square Peg Capital
Airwallex has secured a further US$6 million ($8.73 million) in follow-on Series A funding from local VC firm Square Peg Capital.
Advice
New Zealand startup Cove wants to help consumers manage their insurance experience via chatbot
With consumers time-poor, the aim is for Cove to deliver “the most intuitive mobile experience of any insurer in the world”.
Topic
Online lender MoneyMe raises $120 million securitisation facility as Waddle raises $50 million in debt funding
MoneyMe has raised a $120 million asset-backed securitisation facility, while business-focused lender Waddle has raised $50 million in debt funding.
Topic
Eftpos enables Android Pay capability for two million ANZ and Cuscal customers
Australian debit payments network Eftpos has announced it has signed on to Android Pay, enabling debit card holders banking with ANZ and eight Cuscal credit unions to make contactless payments with their smartphones.
