Sydney-based Dash Technology Group has raised $22 million in a round led by listed venture fund Bailador Technology Investments (ASX:BTI). The Bailador deal will see the VC invest an initial $15 million now with $5m in follow-on funding in six months in January 2025. Dash is a cloud-based financial advice and investment management software platform… Read more »
Sydney fintech Bridgit has raised $14.2 million in a Series A as the non-bank lender looks to offer bridging loans to homeowners moving house. The round was led by existing investor OIF. Bridgit, founded in 2021 as TechLend, previously raised $7.5 million two years ago in a round co-led by OIF Ventures and Perennial Partners.… Read more »
George Lucas, founder of ASX-listed fintech Raiz Invest, is back in startup land with a new idea, an AI Copilot for the financial adviser market, securing $2.5 million in a pre-Seed round to take it global. And after a bruising battle over his previous fintech, he’s off to the US to do it. YBL.AI uses… Read more »
Social impact startup Maslow has raised $409,676 in a crowd-sourced funding (CSF) campaign from 288 investors, including many other founders in the impact space. Investors included Brendan Doggert, country manager of Sharesies, Youpay founder Matt Holme, former ZeroCo CMO Glen Cassidy, Future Super cofounders Kirstin Hunter and Adam Verwey, Doone Roisin of Female Startup Club,… Read more »
Sydney fintech Data Zoo has raised $35 million (US$22.7m) taking on external capital for the first time. The funding came from Ashok Jacob’s Sydney investment firm, Ellerston Capital, via its JAADE fund, which has also backed startups Mable, Camms, and Phocas. The deal values the business at more than $100 million. Data Zoo’s software provides… Read more »
India is now the third largest fintech industry in the world, with 1.4 billion people making 135 billion digital transactions last year. That makes it ripe territory for Australian startups, such as FootprintLab, looking to expand globally. Sydney-based cleantech FootprintLab has a product in global demand: credible, up-to-date and commercially useful carbon footprint data. Regulators,… Read more »
Fintech Kashcade has raised an additional $1 million from existing investor Prandium Capital and several high net worths, alongside a $22 million warehouse facility funded by asset-backed lending specialist Rixon Capital. The digital lender offers startup founders non-dilutive capital and will use the debt warehouse to expand into the R&D lending space, so companies can… Read more »
Banking-in-box fintech Constantinople has raised $50 million in a Series A. The round was led by Dutch internet investment firm Prosus Ventures, with support from existing Australian backers Square Peg and AirTree. The Sydney startup, founded in 2022 by former Westpac managers Macgregor Duncan and Dianne Challenor, previously raised US$23 million (A$32m) in a Seed… Read more »
Welcome to The Ask, Our new column on Startup Daily designed for founders looking for capital. It may be venture capital, crowdfunding or another path, and is designed to flag your startup to potential investors. If you’re on the hunt for cash, we’re happy to share the news with Australia’s startup community. This is your… Read more »
Fintech Citro has launched a rewards program for Australians around retirement age, offering savings from more than 200 retailers. AMP-backed Citro launched in 2023 and already has more than 75,000 members on its platform. They receive tailored content and insights to help them take control of their finances as they approach and manage their retirement.… Read more »
A Melbourne small business invoice payment platform built with a venture studio has raised $16 million. The round for Marmalade was led by Blue Stamp Company, supported by existing backer Paloma Capital and several family offices. The capital will be used to fund new customer growth and product development. The fintech was built in partnership… Read more »
Touch Ventures, the ASX-listed VC fund initially backed by BNPL fintech Afterpay, is breaking up with its CEO, Hein Vogel, after 4.5 years. In a statement to the market on Monday, the company said the board and CEO “have reached a consensus on his departure” with Vogel handing back his swipe card on March 29… Read more »
Sydney fintech Avenue Bank has been granted a full banking licence by the financial regulator APRA. Avenue has been on what’s known as a a restricted Authorised Deposit Taking Institution (ADI) licence since mid-2021 after raising $37 million in a series B earlier that year. The granting of a full ADI by the Australian Prudential… Read more »
Disrupting a $3.5 trillion industry is difficult. Just ask fintechs like Cannon-Brookes-backed Spaceship, Superhero, and Verve Super. Australia’s superannuation industry gets a $362 billion compulsory cake from fees – more than $30 billion annually – and wants to eat it all too. Treasury put out a consultation paper titled Securing Australians’ Superannuation late last year… Read more »
FinTech Australia is launching a new event next month aimed at showcasing sustainability-focused fintech companies. FinTech for Net Zero is a panel discussion on fintech’s role in managing the challenge of climate change. It will be held at BDO’s office Sydney office at 1 Margaret St, in the CBD, from 4pm on Tuesday, March 12.… Read more »
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