News & Analysis

NZ anti-money laundering startup First AML raises $7.3 million in Series A

- September 16, 2020 2 MIN READ

New Zealand anti-money laundering tech startup First AML has raised AU$7.3 million in a Series A round. The raise was led by US-basedBedrock Capital, with support from existing investors including Pushpay founder Chris Heaslip and Icehouse Ventures. It’s Bedrock Capital’s first APAC investment. While Australia’s big four banks have regularly fallen foul of regulators over… Read more »

News & Analysis

Afterpay money laundering audit finds breaches came from ‘incorrect’ legal advice

- November 25, 2019 3 MIN READ

Legal advice that wrongly classified Afterpay as a factoring service led to breaches in Australia’s strict anti-money laundering laws, an independent audit of the ASX-listed fintech payments provider has found. Afterpay shares have jumped more than 10% to above $33 in morning trade on Monday after the audit, by Neil Jeans of Initialism, broadly praised the… Read more »