x15ventures, Toby Norton-Smith
Accelerator

CBA’s VC arm, x15ventures, is looking for payments startups to back in its revamped Xccelerate program

- August 2, 2022 2 MIN READ

The Commonwealth Bank’s venture-scaling arm, x15ventures, has revamped its accelerator program, Xccelerate, and is now on the hunt for five early-stage fintech startups to back.  While the three previous iterations of Xccelerate have seen x15ventures choose an winner ultimate winner to back – givvable and OwnHome in 2020, and Splashup last year – this time… Read more »

Afterpay
Fintech

BNPL Afterpay is better known in Australia than payments rivals such as PayPal and BPay

- July 28, 2022 2 MIN READ

The 25-year legacy of local payments platform BPAY and US rival PayPal count for little in the fast-moving fintech space with buy-now-pay-later market leader Afterpay now better known by a majority of Australians according to the latest Roy Morgan Digital Payments Report. The report found that 17.5 million Australians aged 14+ (82.8%) are now aware of buy-now-pay-later… Read more »

People

Crypto exchange Cointree hands Jess Renden CEO role

- July 21, 2022 2 MIN READ

Local fintech Cointree has found its new CEO internally, handing the role to Jess Renden at the crypto exchange heads towards 10 years in business. Renden signed on with Cointree five years ago after a career at software firm BGL. She takes over from founder Shane Stevenson after eight years heading up the company he… Read more »

Funding

Fintech mx51 raises $32.5 million Series B for global plans

- July 19, 2022 2 MIN READ

Payments fintech mx51 has raised $32.5 million in a Series B. The lead backer was not disclosed by the startup, which described them only as as “global fintech investor”. Major existing investors, including Mastercard, Acorn Capital, Commencer Capital, Rampersand and Artesian joined the latest raise. The white-label payment technology provider, spun out of Assembly Payments… Read more »

People

FinTech Australia appoints Nick Kavass as its first Policy Lead

- July 19, 2022 2 MIN READ

FinTech Australia has appointed former federal government adviser Nick Kavass as its first Policy Lead. Kavass brings nearly a decade of experience across government agencies including The Commonwealth Treasury and ASIC to the role. He most recently served as a policy adviser for former Assistant Treasurer and Minister for Housing Michael Sukkar. The new role… Read more »

Funding

A fintech founded by a senior Deutsche Bank exec just raised $9 million for landlords to get paid in advance

- July 19, 2022 2 MIN READ

Rental income fintech Futurerent has raised $9 million as it looks to roll out nationally. The round was led by OIF Ventures, with BridgeLane, Mulpha International, iPartners, MFO Investments and Second Century Ventures. The funds are earmarked to expand the startup’s national presence, launch new products and build further integrations. Futurerent gives property investors up… Read more »

Fintech

Swoop CEO Andrea Reynolds headlines Fintech Australia’s Intersekt

- July 14, 2022 2 MIN READ

Ticket sales for FinTech Australia’s annual conference, Intersekt 2022, have opened, with the event set to repeat last year’s sellout status. FinTech Australia GM Rehan D’Almeida said this year’s Intersekt promises to be the biggest yet, featuring several international speakers, including the founder and CEO of the UK’s leading finance fintech Swoop, Andrea Reynolds, who… Read more »

Fintech

Fintechs Monoova and Moneytech FX have merged

- July 12, 2022 < 1 MIN READ

B2B payments automation provider Monoova has merged with foreign exchange fintech Moneytech FX to build out its cross-border payments offering. The terms of the merger deal were not disclosed, with Moneytech now sitting under the Monoova brand, and headquartered in Sydney with a team of around 70. Monoova cofounder and CEO Christian Westerlind Wigstrom said… Read more »

Daniel Cannizzaro
Fintech

Volt collapse hits fintechs with butterfly effect

- June 30, 2022 2 MIN READ

The collapse of Volt is sending shockwaves through the fintech sector as startups closely connected to the neobank, such as Parpera, scramble to regroup. The fintech partnered with Volt for banking services, meaning its 500+ small business customers have lost banking, payments and cards functions until a new banking collaborator is found. In a post… Read more »

Other tech

Proptech startup Arcanite hits $1 billion benchmark for off-the-plan property sales

- June 28, 2022 2 MIN READ

Arcanite, an off-the-plan sales management software solution, has set out to transform the way off-the-plan developments are sold using virtual reality and is now looking to help people crack into the property market. The proptech helps property developers and real estate agents simplify the management of their sales channels and projects, rapidly growing their networks… Read more »

Fintech

Reinventure founder Simon Cant inducted into fintech’s Hall of Fame at Finnies awards

- June 23, 2022 2 MIN READ

Monoova, Nano Digital Home Loans, BTC Markets, Wagestream, Tanggram, and Up are among the biggest winners of the seventh annual FinTech Australia Finnie Awards. For the first time in the awards’ history, no company won more than a single prize, with FinTech Australia CEO Rehan D’Almedia saying it demonstrated the growth of the sector in recent… Read more »