Singapore investment platform Fundnel sets up Australian base in Adelaide
Singapore fintech startup Fundnel has expanded into Australia, setting up a local base in Adelaide to help connect Australian investors to local investment opportunities.
Singapore fintech startup Fundnel has expanded into Australia, setting up a local base in Adelaide to help connect Australian investors to local investment opportunities.
Unlike Venmo in the US, no app has become the go-to in Australia for consumers splitting payments; DiviPay and Splitr each aim to become that app.
Australia is a leading market globally for adoption of new financial services technologies, according to a report from Ernst & Young, with a particular focus on money transfer and payment services.
Sydney fintech Simply Wall St has raised $2.4 million in funding from its user base, which has now grown to 100,000 users across five global markets.
Just a few months on from the departure of cofounder Andrew Rothwell, banking startup Tyro has lost another key figure, with recently appointed CEO Gerd Schenkel today announcing his resignation.
The agreement will allow the SFC and ASIC to refer fintechs to each other for advice and support via ASIC’s Innovation Hub and the SFC’s Fintech Contact Point.
Josh Foreman saw through his work in a previous business the direct impact that bad debt has on SMBs, and came up with InDebted.
A partnership between NAB and Israeli crowdfunding platform OurCrowd will provide its clients with direct access to exclusive investment opportunities.
Payments startup Hyperwallet has expanded into Australia, looking to target growth across the Asia Pacific region from its new Sydney base.
Though innovation may not have been a big part of Morrison’s speech, there are hints buried in the budget papers that maybe something is in the pipeline.
Stake wants to offer Australian investors easier and cheaper access to US stocks and exchange traded funds (ETFs) than previously available.
Queensland-based Heritage Bank has come out with a wearable payments device that links directly to a customer’s everyday transaction account.
Australia’s work in fintech is steadily gaining global recognition, with Sydney ranking eighth out of 44 global fintech hubs in a new report released by Deloitte this week, climbing one place from last year’s ninth.
Peppermint Innovation is providing mobile remittance services to the unbanked – those without a bank account – in the Philippines.
Sydney fintech startup Nod looks to help people get financial advice on-demand; users can ask a question, pick an adviser, receive their advice, and pay through the platform.