Andrew Ellett
Fintech

Fintech HelpPay raises $2.4 million as the bill-sharing app launches to aid people with household expenses

- November 26, 2021 2 MIN READ

HelpPay, a fintech for people seeking help to pay bills, has raised $2.4 million in series A ahead of its public launch this Monday, November 29. The first-of-its-kind platform lets people securely share bills with family and friends via a smartphone app, allowing others to chip in and help pay them off. Unlike crowdfunding options… Read more »

Elliott Donazzan
Fintech

CBA’s X15ventures chips an extra $700,000 into on-time payments fintech Payble

- November 16, 2021 2 MIN READ

x15ventures, the Commonwealth Bank’s venture scaling arm, has tipped an additional $700,000 into its joint venture fintech Payble. The startup is a subsidiary of ASX-listed Sydney fintech Identitii (ASX: ID8), which uses blockchain and tokenisation to connect banks and businesses with the data for payments, in a joint venture with x15. Payble co-founder and MD… Read more »

Brighte
Fintech

Fintech Brighte pushes into energy retailing after raising $185 million in fresh green bonds deal

- November 9, 2021 2 MIN READ

Household renewable energy financier Brighte has scooped up another $185 million in asset-backed securitisation (ABS) as it looks to get into the “gentailing” as an energy retailer with its clients.  The company, which counts Mike Cannon-Brookes and Grok Ventures among its key VC backers, has raised $375 million in public debt and $145 million in… Read more »

Fintech

Australian fintechs now have a map of potential investors

- November 9, 2021 2 MIN READ

FinTech Australia has released a  new map for fintechs detailing investors in the sector. The map showcases investors from across the country, featuring a variety of funders including venture capitalists, angel funds, corporate investors, crowd-funding options and incubators. It’s available for free for people in the fintech and startup communities. The map is free to… Read more »

Sri Ambati
Fintech

CBA’s $132 million play with California artificial intelligence leader H20 to make the bank ‘an AI superpower’

- November 8, 2021 2 MIN READ

Australia’s biggest bank, the Commonwealth (CBA) has made a major play in artificial intelligence, investing $134 million (US$100m) in California AI market leader H2O.ai, for a minority stake. The bank is hoping the exclusive partnership with the Silicon Valley machine learning platform will help make Australia a leading force in AI. H2O is CBA’s exclusive… Read more »

Afterpay, Nick Molnar, Anthony Eisen
Fintech

KPMG: Fintech sector growth is being driven by M&A

- October 29, 2021 3 MIN READ

Consolidation in the financial services sector, as corporates swallow up fintechs, has been a key driver of growth in the fintech sector over the past 12 months according to analysis by KPMG. The KPMG Fintech Landscape 2021, an annual survey of independent fintechs that are either active and/or headquartered in Australia, reveals there are currently… Read more »

piggy bank broken
Fintech

The RBA is getting ready to move the goalposts on a key advantage for BNPLs – stopping retailers adding a surcharge

- October 25, 2021 3 MIN READ

The honeymoon is about to end for the buy-now-pay-later (BNPL) sector when it comes to the fees they charge retailers. As the likes of Zip, Afterpay and Humm have stolen market share from the credit card sector, one competitive advantage they had over alternative payment methods was the support of the Reserve Bank of Australia… Read more »

Fintech

CRYPTONATION: A Senate committee looking into digital assets thinks Australia could be a cryptocurrency epicentre

- October 21, 2021 5 MIN READ

Australia could be a leader in digital assets and global hub for cryptocurrencies according to a landmark new report by a Senate committee investigating the sector’s potential. The Senate Select Committee on Australia as a Technology and Financial Centre, chaired by Senator Andrew Bragg, is bullish on the possibilites, having investigated issues such as regulation… Read more »

Fintech

EY: Australian fintech is now at global levels

- October 21, 2021 5 MIN READ

Australia’s fintech ecosystem saw record investor capital, strong job creation and a growing focus on international expansion during the pandemic, according to the 2021 EY FinTech Australia Census. The sixth annual Census, a collaboration between Ernst & Young and FinTech Australia, reveals a dramatic increase in the proportion of fintechs whose capital raising expectations were… Read more »

Fintech

FinTech Australia launches regulatory map for global fintech companies looking to expand Down Under

- September 30, 2021 2 MIN READ

FinTech Australia has released a new tool for early-stage and global fintechs expanding into Australia that offers clear guidance on the country’s financial services licensing laws. Created in partnership with law firm K&L Gates and Austrade, the regulatory map is a global first and aims to greatly ease overseas companies’ expansions into Australia and assist… Read more »