late payments
News & Analysis

Square’s former Australian boss is launching a business payments fintech with $6.3m seed raise

- June 30, 2020 2 MIN READ

A former executive from Jack Dorsey’s payments company Square is launching a new payments and financial services fintech targeting business. Melbourne-based Zeller, founded by Ben Pfisterer and Dominic Yap, has landed $6.3 million in seed funding led by Square Peg Capital, which previously invested in fintechs such as Stripe, Airwallex, Prospa and Athena, alongside Apex… Read more »

News & Analysis

Openpay raises $33 million in a day

- June 5, 2020 2 MIN READ

Melbourne buy-now-pay-later startup Openpay’s stellar week continued on Thursday when the company raised an additional A$33.77 million through an oversubscribed local institutional placement. The raise comes in a week where Managing Director and CEO Michael Eidel announced the fintech had secured a UK funding facility for £25 million (A$46 million) for its British business, adding… Read more »

News & Analysis

SME lender Judo Bank just became a unicorn with another massive $230 million raise

- May 7, 2020 2 MIN READ

Judo Bank’s existing backers have stumped up $230 million in a third round capital raise that raises the neobank’s post-money valuation to more than AU$1 billion.  The challenger bank targets lending to small to medium-sized enterprises (SMEs) and has now raised more than $770 million in capital since its launch in March 2018, including a… Read more »

Opinion

FinTech Australia says government should invest directly in the sector to create a startup boom

- March 5, 2020 4 MIN READ

FinTech Australia managing director Rebecca Schot-Guppy appeared before the Senate Select Committee on Financial Technology and Regulatory Technology last week. The committee is investigating the potential and opportunities in FinTech and RegTech for Australian business and consumers and initiatives to promote startups in the sectors. The committee is due to hand down its final report in… Read more »

News & Analysis

ACS tells Senate inquiry there’s a $16 billion pot of gold for the financial sector if it embraces fintech AI

- March 3, 2020 3 MIN READ

The fintech sector has the potential to deliver up to $16 billion in efficiencies to the financial industry via artificial intelligence, new research commissioned by the ACS reveals. The IT sector professional body recently presented the research by AI analytics firm Faethm to a Senate Select Committee investigating fintech and regtech ACS CEO Andrew Johnson… Read more »

News & Analysis

Fintech Assembly Payments is launching e-commerce joint venture with UK banking giant Standard Chartered

- February 12, 2020 2 MIN READ

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 »

News & Analysis

New data reveals the boom in payments fintech as challenger Payright expands to New Zealand

- November 14, 2019 2 MIN READ

Payright co-founders Piers Redward and Myles Redward. Photo: supplied Australian payment plan fintech Payright is launching its buy now, pay later service in New Zealand in its first offshore foray. The buy now, pay later (BNPL) startup, typically for products prices between around $1,000 and up to $20,000, will start across the Tasman with direct… Read more »