Digital receipts startup Slyp has added the last of the big four banks to its investor list with the Commonwealth Bank signing up as a minority stakeholder. That makes it the first fintech to bag investments from the big 4 banks with Westpac (via Reinventure), NAB and ANZ already on the books with minority stakes… Read more »
86 400 Chairman Anthony Thomson and CEO Robert Bell Digital bank 86 400’s fourth product since launching last last September is somewhat unexpected for a financial institution – an electricity analysis and switching service. Announcing Energy Switch today CEO Robert Bell said “Energy Switch service delivers on our purpose to help Australians take control of… Read more »
Up co-founder Dom Pym and TransferWise head of banks Murali Akella. App-based neobank Up is partnering with fellow fintech TransferWise to offer international payments in 52 currencies. More than 130,000 Up users will be able to make overseas payments from their transaction account under the deal. Up co-founder Dom Pym said the integration with TransferWise… Read more »
App-based startup 86 400 is looking for $250 million as it prepares to become Australia’s newest bank
86 400 is a new digital-only bank led by British entrepreneur Anthony Thomson It’s backed by Sydney-based payments services company Cuscal The bank is waiting for APRA approval to launch with a savings account this year It’s seeking $250m over the next three years to strengthen its balance sheet Digital banking startup 86 400 (named… Read more »
Douugh has landed a partnership with Mastercard that will allow it to roll out a ‘smart’ bank account linked to a Mastercard debit card in the US.