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.
The election is looming and policies and promises are being thrown around from all sides as the campaign heats up. Here we share some of the key issues Australian startups want to see on the agenda.
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.
As part of the fastest growing region in the sector, Australia has the potential to be a regional hub for the next phase of growth for the industry.
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.
After a few months on the shelf, the Government has returned to the issue of equity crowdfunding, introducing a new bill into Parliament yesterday.
Australia’s peak fintech body, FinTech Australia has received a $200,000 funding grant from the Federal Treasury to promote Australia as a world leading fintech destination.
‘Have I gone too far?’ How founders can beat their startup demons 
Tassie carbon accounting startup banks $5.3 million Seed round 
Smart hotels get even smarter: 72 Byte to launch in Australia with AI expert backing 
Eucalyptus head of growth Matt Rossi departs to launch his own marketing startup, Oodle 
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