Melissa Widner
Business

Lender Lighter Capital has another $30 million for startups thanks to the Victorian government

- February 4, 2025 2 MIN READ

Venture capital alternative Lighter Capital has extended another $30 million fund offering non-dilutive funding to startups, with the Victorian government and iPartners,  The 15-year-old revenue-based financier, originally from New York, launched in Australia in 2021, and was subsequently backed by Invest Victoria, the state government’s investment attraction agency, and iPartners, with an initial $30 million fund.… Read more »

BNPL, Afterpay, Klarna
Fintech

The BNPL sector is now being regulated as credit in Australia

- December 4, 2024 3 MIN READ

Financial institutions, fintechs, and regulators have welcomed new buy now, pay later (BNPL) rules that will finally treat the sector like other credit providers, with new legislation passed hours before shoppers tapped BNPL to propel Black Friday sales to record-breaking heights. The new regulations will apply corporate regulator ASIC’s National Credit Code (NCC) to a BNPL sector that has… Read more »

Jack O’Donnell, Andy O’Connor, and Craig Carroll.
Funding

Fintech raises $5.7 million Seed round for divorce lending

- November 4, 2024 2 MIN READ

A fintech startup funding the legal fees for family law disputes has raised $5.7 million in a Seed round. Sydney-based JustFund launched in 2022 cofounded by former lawyers Andy O’Connor and Jack O’Donnell, and fintech entrepreneur Craig Carroll, The raise was led by Xilium Capital, with support from Startmate, US-based Legal Tech Fund, impact investor… Read more »

Dr Margaret Matanda & Tando Matanda
Business

Mother-daughter cofounders launch Musa to end traditional pitch decks for funding

- October 11, 2024 2 MIN READ

Mother-daughter duo Tandadzo (Tando) Matanda and Dr Margaret Matanda will step on stage founder at SXSW Sydney this Tuesday as the founders of fintech platform Musa.  Musa is the world’s first intelligent venture assessment platform, tackling the funding process for startups and small and medium enterprises (SMEs). Musa Ventures equips founders with the digital tools… Read more »

Life hacks

6 types of people you don’t want to be on LinkedIn

- October 9, 2024 3 MIN READ

Ah, LinkedIn. Twitter aside, you are by far the least intentionally funny social media site there is. And yet, you are a veritable treasure trove of useful articles and industry updates that none of us can be without.* Simultaneously managing to make me feel both multitudes better & worse about myself in an instant, you… Read more »

Andrew Moore
Business

Cannon-Brookes-backed millennial super fund Spaceship snapped up by eToro in $80 million merger

- September 27, 2024 3 MIN READ

Global trading platform eToro is getting into the Australian superannuation business after acquiring the controversy-plagued investment app Spaceship Capital in a deal worth up to $80 million. The price is a blow to investors such as Airtree, which previously valued the fintech at more than $100 million. Investment in Spaceship has been opaque, but may… Read more »

Dan Jovevski
Funding

WeMoney teams up with Google for credit score health check

- September 25, 2024 < 1 MIN READ

Fintech WeMoney has launched a collaboration with Google to help Australians get their financial health in good shape before they try to borrow money. The financial wellness platform approached Google Cloud earlier this year for help to develop an AI-powered credit health education assistant. Called “WeMo” it’s designed to help people better understand and improve their… Read more »

Josh Foreman
Fintech

Debt collection fintech InDebted banks $50 million Series C

- September 24, 2024 2 MIN READ

Consumer debt collection fintech InDebted has raised $50 million in a Series C that values the scaleup at more than $350 million The round was led by Airtree and supported by Australian Retirement Trust and new growth fund Premier Capital Partners. Existing shareholders Reinventure, Carthona and Perennial also chipped in. Indebted previously raised $22.5 million… Read more »