Airwallex closes US$160 million Series D round – its biggest raise to date
Global fintech leader Airwallex has announced that it has closed its Series D fundraising round at US$160M, marking its biggest raise to date.
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Payments startup Fast has secured A$30 million in a Series A round led by Stripe
Fast will use the investment to accelerate the global rollout of Fast Checkout, its universal one-click purchase product for e-commerce and to further grow its product and engineering teams.
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This new Australian fintech is focusing on mobile-first money solutions
Hay will first offer a digital transaction account through the Hay smartphone app packed with features like enriched payment information, monthly insights and travel budgeting features with fee-free foreign exchange rates via the Hay Visa card.
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Here are 6 good reasons why fintech companies are a great investment in 2020
According to a recent report by KPMG, the biggest Australian fintech transaction and the third biggest deal in Asia recorded in the first half of 2019 was US$100 million, achieved by Australia’s fastest-grown fintech unicorn, Airwallex.
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Neobank Volt closes $70m oversubscribed Series C; hits $100m total funding and sets sights on IPO
Australia’s first neobank, Volt Bank Limited (Volt) has closed a $70m Series C equity funding round, which was oversubscribed by $10m beyond the original target of $60m.
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3 key business tips for startups down under looking to succeed in the new decade
From fintech’s, to e-commerce, to blockchain, to other nascent tech firms, we are becoming a well-connected ecosystem of entrepreneurs that are helping the country become an innovations and inventions hub.
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Are e-wallets a threat to society? The threats presented by the rise of mobile banking
And our love affair with apps and all things mobile show no signs of abating. With a few taps we could own the latest high-end fashion accessory or purchase a car. We walk around with virtual banks in our palms, making seamlessly transactions across borders.
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Millennial-focused fintech app Groupee launches world’s first instant pay sharing platform
Millennial-focused fintech Groupee is pioneering the social payments landscape, introducing a world-first, real-time payment app that allows groups of people to instantly share the cost of any purchase, anytime and anywhere that accepts Visa tap-and-go payments.
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Australian fintechs represented in Fintech 100: 7 companies named among the world’s leading fintechs
Australian fintech companies made a strong showing in the 2019 Fintech 100, announced recently by Fintech Innovators, a collaboration between fintech investment firm H2 Ventures and KPMG Fintech.
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Disruptive Aussie fintech Douugh expands in the U.S., exports its financial wealth platform
On a mission to democratise banking and build the autonomous future of money management, Douugh is a consumer technology company that offers an AI powered financial wellness banking platform, delivered through a SaaS subscription model.
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Aussie neobank secures strategic pre-IPO investment from Japanese financial group
AI-powered, challenger neobank Douugh, is pleased to announce a strategic investment from one of Japan’s leading financial services companies, Monex Group, Inc. (Tokyo Stock Exchange). The partnership will see Douugh collaborate in the area of wealth management across its key markets in the future, which will include cryptocurrency. Douugh is currently rolling out its ‘smart’…
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This fintech innovation hub has partnered with the South Australian government to expand into spacetech
Asia’s largest fintech innovation hub, Stone & Chalk, is partnering with the South Australian Government to establish a start-up hub at Lot Fourteen, the largest innovation precinct in the Southern Hemisphere on the seven-hectare former Royal Adelaide Hospital site. Stone & Chalk has been appointed as a key anchor tenant and operator of the start-up…
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Investments in fintech startups more than doubled in 2018 both locally and globally
Global investment in financial technology (fintech) ventures more than doubled in 2018, to US$55.3 billion, led by a surge in funding in China and strong gains in several other markets as investors placed larger bets in more mature startups, according to Accenture
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Fintech startup Lumi raises $31.5 million Series A to transform small business lending
Alternative lender and new Australian financial technology company, Lumi, has completed a $31.5 million series A capital raise as it launches to take on the realm of small business lending in Australia. Lumi has welcomed the Josh Liberman Investment Group and a consortium of family offices as cornerstone investors. The raise was also backed by Arbel…
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Startupbootcamp expands to Melbourne launching new fintech accelerator in collaboration with NAB, Vic Gov, Bupa & YBF
Global accelerator program Startupbootcamp has announced it is expanding its extensive global FinTech presence to Melbourne, and will launch its FinTech Accelerator program in Victoria, backed by global leaders in the banking and insurance sectors.
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AI fintech startup Douugh is looking to raise up to $5 million in funding with Equitise
Disruptive consumer fintech Douugh, announced the launch of it’s capital raise on leading market platform Equitise, looking to raise up to $5 million in funding.
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Australia’s largest startup survey reveals first slump in startup business numbers in 4 years
12.5% fewer startups were active in 2018 than in 2017, in a result compiled in collaboration with world-leading data analysis organisation Data61.
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Australia’s best and brightest fintech startups celebrated at 2018 Finnie Awards
The Finnies celebrate the remarkable achievements of Australia’s best FinTech businesses who are recognised for excellence in sectors such as lending, wealth management, payments, crowdfunding, blockchain, artificial intelligence and regtech.
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Artificial intelligence startup Silent Eight wins top fintech/regtech award in Australia
Silent Eight bagged the main prize, edging out 10 finalists with roots from the US, UK, Europe and Asia-Pacific. The pitch fest was held in conjunction with the RegTech Association’s maiden #ACCELERATE RegTech 2018 event in Sydney recently.
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Robo-adviser fintech startup Stockspot secures $3 million in Series B funding round
Led by Graham Tuckwell, Founder of ETF Securities, and Alium Capital an Australian growth focused fund, the latest capital raise will help strengthen Stockspot’s position as the country’s leading digital investment service.
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