Funding

Banking fintech Constantinople pockets $50 million Series A

- April 2, 2024 < 1 MIN READ

Banking-in-box fintech Constantinople has raised $50 million in a Series A. The round was led by Dutch internet investment firm Prosus Ventures, with support from existing Australian backers Square Peg and AirTree. The Sydney startup, founded in 2022 by former Westpac managers Macgregor Duncan and Dianne Challenor, previously raised US$23 million (A$32m) in a Seed… Read more »

People

Judo Bank cofounder Joseph Healy steps down as CEO

- February 20, 2024 2 MIN READ

The cofounder of ASX-listed business lending bank Judo, Joseph Healy, is stepping down as CEO after seven years at the helm. He’ll hand the reins over to the bank’s long-term deputy CEO and chief relationship officer, Chris Bayliss, next month. The news came as Judo (ASX:JDO) announced its half-yearly results (1H24) to the end of… Read more »

Rehan D'Almedia
Fintech

FinTech Australia has teamed up with Westpac and ANZ for a reverse pitch event 

- February 1, 2024 2 MIN READ

FinTech Australia has holding a reverse pitch event later this month in a collaboration with major banks ANZ and Westpac, as well as fintech investor 1835i. The initiative will see ANZ and Westpac share selected problem statements across banking-related areas such as sustainability, payments and fraud and scams for fintech startups to tackle as part… Read more »

Funding

A software startup that makes it easier to be a bank raised $32 million a year ago – but didn’t mention its launch with an investor

- May 18, 2023 2 MIN READ

Chalk up another $32 million to the investment tally in 2022 with belated news emerging this week that software fintech Constantinople banked a US$23 million (A$32m) Seed round in May last year. If two’s enough to be a trend, then late funding announcement are the new black after meal ordering platform Me&u revealed last month… Read more »

piggy bank
Funding

Fintech Alex banks $20 million series C

- September 16, 2021 2 MIN READ

Digital bank Alex has raised $20 million in a series C that values the neobank at more than $120 million The raise came from existing shareholders and new investors, including Washington H. Soul Pattinson, Regal Funds Management, Wunala Capital, and SG Hiscock & Company, topping up the $34 million already raised. Founded in 2018 by… Read more »

Lee Hatton, Afterpay
Fintech

Afterpay gets into banking with Westpac, launching a savings app linked to your BNPL account

- July 20, 2021 2 MIN READ

Buy-now-pay-later market leader Afterpay (ASX: APT) is getting into ibanking, launching an app-based no fee deposit account paying 1% interest. The ASX-listed fintech has been granted an Australian Financial Services Licence (AFSL) by ASIC so it can provide general financial product advice and distribute basic deposit products and debit cards. Called Money by Afterpay, the… Read more »

Scrooge McDuck
Fintech

Alex, a new challenger fintech, just got a banking licence

- July 8, 2021 2 MIN READ

Australia has a new bank, with fintech Alex granted a restricted authorised deposit-taking institution (Restricted ADI) licence from the Australian Prudential Regulation Authority (APRA). The digital bank has already been busy lending, writing more than $8 million in personal loans since it was founded in 2018. The neobank has already raised more than $35 million… Read more »

Fintech

Westpac teams up with lending fintech SocietyOne for digital banking play

- February 23, 2021 2 MIN READ

One of Australia’s original fintechs, SocietyOne, the peer-to-peer lending marketplace, has joined Afterpay on Westpac’s new digital banking services platform, 10X. Westpac’s digital banking services will be available to SocietyOne customers in the second half of 2021, and the bank has been backing the fintech since 2014 through its VC fund, Reinventure. In October last… Read more »

Topics

Australian banks are giving small business an $8 billion, six-month reprieve on loan repayments

- March 20, 2020 2 MIN READ

Banks will offer small businesses a six-month deferral on their business loan repayments as part of the finance sectors response to Covid-19. Australian Banking Association CEO Anna Bligh said the move will “deliver up to $8 billion back into the pockets of small businesses” across more than $100 billion worth of business loans Bligh said all… Read more »

Topics

A Brisbane fintech just had a key approval from Mastercard and its shares went ballistic

- September 30, 2019 2 MIN READ

Shares in Queensland-based Change Financial soared today after the startup announced it had been registered as a Mastercard payments processor. The US-focused fintech (ASX:CCA) is just the second business to be accepted by Mastercard in the past 20 years. Change said it will begin onboarding its first customer in October 2019, The company has set… Read more »