The first-ever virtual Finnies Awards are just a few weeks away. But there’s one thing that every fintech should do before then, and that’s vote in our first People’s Choice Award. This award gives you, the community, the ability to single out your favourite fintech (from our finalists) and show your recognition of their work.… Read more »
FinTech Australia launched a LinkedIn talent marketplace to help displaced tech workers find new jobs
FinTech Australia has launched a talent marketplace for Australian fintechs on LinkedIn, in a project backed by Tier One People. The marketplace, run through LinkedIn Groups, aims to connect candidates with prospective employers and help any talent displaced by the COVID-19 pandemic find new opportunities. Even before the project went live this week, leading Australian… Read more »
Fintech Assembly Payments is launching e-commerce joint venture with UK banking giant Standard Chartered
British banking multinational Standard Chartered is launching a joint venture company with fintech Assembly Payments to develop next generation payment solutions for the US$29 trillion e-commerce sector. The deal is a major coup for Assembly Payments, which launched in Melbourne in 2014, began providing online payment solutions with escrow services for marketplaces and platforms, before… Read more »
Welcome to Monday team. Here’s what we’ve seen. 1. iFined for slowdown The French version of the ACCC, the DGCCRF, has fined Apple €25 million (AU$41m) for the 2017 iOS update that slowed down older iPhone models. Apple’s sin was not slowing down the phones, which the company claimed was to prolong the life of… Read more »
Judo Bank, the nascent fintech for SMEs, is once more on the hunt for cash, hoping to find another $400 million in a round 3 capital raise, just seven months after it set the Australian record for private funding for a startup round, with the same figure. The digital bank’s round 2 was initially meant… Read more »
TransferWise Vice President of Growth Nilan Peiris had one major not-so-secret to the $3.5 billion company’s growth to reveal at the recent launch of Intersekt in Melbourne. Customer evangelism drives growth. In real terms: over 80% of their customers use TransferWise’s service after hearing about it from a friend. TransferWise now has over 5 million… Read more »
Fintech Australia board members at The Finnies (l-r), Lauren Caplin of Reinventure, Simone Joyce of Paypa Plane, chairman Alan Tsen, GM of Stone & Chalk Melbourne, Carla Harris of Longevity, Melissa Mack of MoneyPlace, GM Rebecca Schot-Guppy, and Tim Dean of Credi.com. Up Bank, Airwallex and Afterpay are among the major winners of the 2019… Read more »
Before we get to the good stuff, we wanted to offer context which underscores just how much of an achievement it is to make this shortlist. This year there was a massive 237 entries for the Finnie Awards across all 18 categories (not including Biggest Raise of the Year). That’s 30 per cent more than last year.
As the finance sector deals with the fallout, fintech startups are taking note of both the lessons to be learned and the opportunities that have emerged.
Almost 70 percent of Australian fintech startups are post-revenue and 19 percent are profitable, median revenue growth across the sector up 2.25x on 2017, a report has found.
Fintech Australia partners with small business ombudsman to lead charge for transparency among fintech lenders
As fintech lenders come to dominate the lending landscape for small business, FinTech Australia is leading the charge for more transparency in the industry.
The Federal Government has today revealed a new legislative package that will allow private companies to access equity crowdfunding.
Looking to further the development of the Victorian fintech sector, the state government has announced its plans to establish a fintech hub in Melbourne.