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 »
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 »
Superhero has signed a partnership deal with the Qantas Frequent Flyer program so members of the share trading platform can earn Qantas Points when they invest. Superhero users can earn up to 15,000 bonus points when they sign up, trade and transfer between today and February 28 next year New and existing traders who sign… Read more »
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 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 »
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 »
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 »
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 »
Shoppers can help the Australian arts sector when they shop thanks to a new payments fintech, ArtsPay. Friends Marc Goldenfein, Lara Thoms and Alistair Webster were inspired by a desire to find a new way to support the arts, and created the payment processing startup. They partnered with global payments company Fiserv and local payment… Read more »
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 »
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 »
The female founders and executives from Brighte, Paypa Plane, Athena Home Loans and Adatree are among the biggest winners of the annual FinTech Australia Finnie awards. For the first time in the six-year history of the Finnies, women received all of the top awards. Katherine McConnell, CEO and co-founder of Brighte, and Simone Joyce, CEO… Read more »
It’s a case of fourth time lucky for Fintech Australia’s annual Finnies awards, which are being held tonight, October 13, after covid outbreaks and lockdowns in NSW and Victoria saw them postponed four times. From the original date in June, to July, and then moving it September in the hope that Sydneysiders could join the… Read more »
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 »
The Australian arm of UK fintech Wise has been approved to join the NPP (New Payments Platform) as a participant and shareholder of NPP Australia – the first fintech to do so. The move will allow Wise Australia to connect directly to the NPP to clear and settle real-time payment and the regulator, APRA, granting… Read more »
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