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Open banking startup Basiq secures investment from Reinventure and NAB Ventures
Sydney-based open banking startup Basiq has secured seed investment from NAB Ventures and Westpac’s VC fund Reinventure Group.
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Afterpay partners with Trade Me to rollout buy now, pay later solution to New Zealand merchants
Afterpay has announced a partnership with Trade Me that will see the startup’s ‘buy now, pay later’ offering rolled out to Trade Me merchants.
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Payout platform Hyperwallet expands into Sydney to target growth in APAC
Payments startup Hyperwallet has expanded into Australia, looking to target growth across the Asia Pacific region from its new Sydney base.
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H2 Accelerator opens up to data and AI startups across Australia and New Zealand
H2 Ventures has announced that it will be expanding its flagship H2 Accelerator program to support data and AI startups across Australia and New Zealand.
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Budget 2017 highlights focus on building regional capabilities and wait for 2030 Strategic Plan on innovation
Though innovation may not have been a big part of Morrison’s speech, there are hints buried in the budget papers that maybe something is in the pipeline.
Advice
Fintech platform Stake wants to make investing in US stocks as easy as online shopping
Stake wants to offer Australian investors easier and cheaper access to US stocks and exchange traded funds (ETFs) than previously available.
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Melbourne forex startup Airwallex raises US$13 million Series A to expand overseas
Airwallex has announced that it has closed a US$13 million Series A round to help fuel the release of new API and expand internationally.
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Tyro cofounder Andrew Rothwell departs to join Data Republic as Chief Operating Officer
Andrew Rothwell, cofounder of Tyro Payments as he gears up to join Data Republic at its Chief Operating Officer in late May.
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Heritage Bank trialling wearable payments device linking directly to a transaction account
Queensland-based Heritage Bank has come out with a wearable payments device that links directly to a customer’s everyday transaction account.
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Fintech startup Moneysoft partners with Mortgage Choice to launch financial planning tool
Moneysoft has partnered with Mortgage Choice to produce a financial planning tool for its network of advisers through its cashflow coaching service.
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Sydney climbs to eighth in global fintech ecosystem ranking
Australia’s work in fintech is steadily gaining global recognition, with Sydney ranking eighth out of 44 global fintech hubs in a new report released by Deloitte this week, climbing one place from last year’s ninth.
Advice
Perth fintech Peppermint Innovation provides payment services to the unbanked in the Philippines
Peppermint Innovation is providing mobile remittance services to the unbanked – those without a bank account – in the Philippines.
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Financial predicition platform Investfit launches in Australia with $1.5 million Series A funding
Fintech Investfit has launched today with $1.5 million in Series A funding, offering a platform that uses an algorithm to predict a user’s financial future.
Advice
Sydney fintech Nod helps consumers get one-off financial advice on-demand
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.
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Reinventure Group appoints Kara Frederick as General Partner to help fintechs expand into the US
Reinventure has announced the appointment of Kara Frederick as General Partner, to strengthen its ability to help Aussie fintech’s expand into the US.
