Displaying items by tag: Fintechs

Tuesday, 12 October 2021 15:46

FrankieOne closes $20M Series A round

Identity and fraud prevention platform provider FrankieOne has closed its $20 million Series A funding round, led by AirTree Ventures and Greycroft.

Published in Deals

Australia’s banking sector is transitioning to fully embrace digital financial wellness as a way of gaining and keeping customers, ensuring banks remained ingrained in the day-to-day financial decisions of consumers, according to a new data by Forrester Consulting commissioned by banking platform Backbase.

Published in Business IT

Investment technology startup Fresh Equities has raised $2.3 million in a deal led by Archangel Ventures, and joined by a fintech founders syndicate containing founders from Wisr, Sythetix and Zip Co Limited.

Published in Market

The Covid-19 pandemic has imposed a digital shift among companies, and fintechs are capitalising on this dramatic change. Despite the volatile environment, fintechs have recorded a double-digit growth, and those who have a diverse product portfolio are attracting investors.

Published in Business IT
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Tuesday, 30 March 2021 14:46

eftpos updates product roadmap

Debit card processor eftpos hasn't given up the fight against its multinational rivals. Its Product Roadmap 2021 Update outlines plans for mobile wallets, ecommerce, digital identity, APIs and fintech access, and QR codes.

Published in Strategy
Friday, 05 March 2021 10:10

Airwallex completes UniCard acquisition

Melbourne based fintech Airwallex has completed its acquisition of Hong Kong prepaid card operator UniCard Solution.

Published in Deals

Debit card provider eftpos has launched a FinTech advisory committee in collaboration with FinTech Australia, designed to give fintechs a direct say in how they can access and leverage the eftpos payments network for the “betterment” of Australia’s digital economy.

Published in Strategy

Data aggregation and data analytics platform for digital financial services, Envestnet | Yodlee, has qualified with the ACCC as an Accredited Data Recipient under the Consumer Data Right (CDR).

Published in Business IT

Debit card provider eftpos has announced an updated digital product and technology rollout scheduled for the next two years which it claims will create greater value, ease and security for consumers and businesses by enabling “compelling innovations” for members, Fintechs and retailers that enhance the digital commerce experience.

Published in Market

Investment in Australia’s fintech sector has accelerated in the first half of 2020, reaching US$376.5 million, a more than 150% increase from US$149.05 million in the corresponding period in 2019, with the growth coming despite a decline in merger activity, according to a new fintech report.

Published in Deals
Thursday, 16 April 2020 09:38

Airwallex raises US$160 million

Melbourne-based fintech Airwallex has closed its series D funding round, raising US$160 million and attracting new investors.

Published in Development

Investment in Australia’s fintech sector smashed previous records in 2019, increasing by 252% to $2.9 billion, according to the bi-annual report on global and regional fintech investment trends published by KPMG.

Published in Market

Global digital money transfer transaction volumes will reach 2 billion by 2024, up from 1.1 billion in 2019, according to a new report.

Published in Market

Australian software consultancy ThoughtWorks has appointed banking industry veteran Vic Wolff as its new director of financial services.

Published in People Moves

Global credit/debit card provider Visa has partnered with fintech Payment Logic to launch Yak Pay, a company providing small businesses with the ability to use digital payments when paying non-card accepting suppliers.

Published in Deals

Listed fintech company Identitii has announced it has been selected by the Australian Competition and Consumer Commission (ACCC) as one of just 10 companies to test the Consumer Data Right (CDR) ecosystem, which will enable Australia’s incoming open banking regime scheduled to go live from February 2020.

Published in Data

Western Australian based fintech company, Fair Go Finance, has announced a $20 million investment from Skybound Capital, which has purchased the majority share (60%) of the business from parent company, Frankfurt-listed MyBucks S.A.

Published in Deals

The Australian and New Zealand arm of global credit bureau services provider Experian has acquired Australian fintech startup Look Who’s Charging, in its sixth major APAC investment since 2017.

Published in Deals

Banking group HSBC has launched a digital accounts receivable tool for its corporate clients in India, using Australian FinTech Identitii’s tokenisation technology.

Published in Deals

National Australia Bank, Bank Leumi of Israel and US financial services group CIBC have launched a global online portal aimed at driving client-focused innovation by facilitating collaboration between the banks and financial technology firms.

Published in Strategy
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