Sydney fintech Avenue Bank has been granted a full banking licence by the financial regulator APRA. Avenue has been on what’s known as a a restricted Authorised Deposit Taking Institution (ADI) licence since mid-2021 after raising $37 million in a series B earlier that year. The granting of a full ADI by the Australian Prudential… Read more »
Canva’s $39 billion valuation has been given the tick of approval by the government financial watchdog, the Australian Prudential Regulation Authority (APRA), in a sign that investors have been getting it right when backing private tech companies. The regulator ran its ruler over Canva, which celebrated the 10th anniversary of its launch last week, as… Read more »
Digital bank Xinja has today received a restricted banking licence from the Australian Prudential Regulation Authority (APRA).
APRA has authorised fintech Volt as a restricted authorised deposit-taking institution, making Volt the first of the digital banks to secure the licence.
Nearly 9000 taxi drivers just scored $152 million from Uber as compensation for its illegal launch in Australia 
Fresh from its $272 million win against Uber, class action lawyers Maurice Blackburn are now eyeing off Google’s adtech 
Zip cofounder Larry Diamond makes his exit to focus on philanthropy 
SISTER ACT: Nicola Forrest drops $100 million into an investment fund to back women 
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