Fintech

Fintech Reach Alternative Investments is opening exclusive private equity funds to sophisticated investors

- March 29, 2022 3 MIN READ

Until now, access to exclusive institutional-grade private equity funds, run by the world’s leading asset managers, has typically been restricted to large institutions and the ultra-wealthy.  It is telling that many of the largest and most successful fund managers in the world do not have brands that are familiar to even the most active individual… Read more »

Fintech

ANZ’s crypto stablecoin, minted for a billionaire and rich investors, is a reminder that de-banking remains a threat to smaller fintechs

- March 29, 2022 3 MIN READ

ANZ bank has minted its own stablecoin, A$DC, becoming the first Australian bank to create its own cryptocurrency with a value pegged to the Australian dollar. The ANZ stablecoin was created for the billionaire Smorgon family’s investment firm Victor Smorgon Group, which was issued with the 30 million A$DC in February. Unlike other popular stablecoins, A$DC… Read more »

Scalapay
Funding

Wollongong fintech Scalapay bags a staggering $692 million Series B

- February 24, 2022 2 MIN READ

Australian-founded, Europe-focused buy-now-pay-later startup Scalapay has raised A$692 million in a debt and equity Series B. The round was led by Chinese tech powerhouse Tencent and US VC Willoughby Capital, with participation from existing backer Tiger Global, Gangwal, Moore Capital, Deimos, and Fasanara Capital. The fintech already hit unicorn status last year following a $210… Read more »

small business, payment
Fintech

A BNPL just released one of fintech’s greatest innovations – it lets people pay for something when they buy it

- February 23, 2022 < 1 MIN READ

Buy-now-pay-later (BNPL) fintechs have built their brands over the last several years selling the convenience of “budgeting” your expenses. You can have your cake now, eat it too, then pay it off over 4 interest-free payments. But there’s been growing concerns about the sector, with nearly two-thirds of Australian financial counsellors supporting clients struggling with… Read more »

cyber hacking
Fintech

As the world shifts to instant payments, fintech should be a force for good in fighting financial crime

- February 9, 2022 3 MIN READ

In December, the Federal Treasurer, Josh Frydenberg announced “the most significant reforms” to Australia’s payments system in 25 years. Frydenberg said the policy package will “ensure Australia is at the front of the pack when it comes to harnessing the benefits of the digital economy.” Real-time payments are already proving very popular.  Sadly, this popularity… Read more »

Simone Joyce
Fintech

CBA takes minority stake in business payments fintech Paypa Plane ahead of PayTo roll out

- February 7, 2022 2 MIN READ

The Commonwealth Bank has taken a 20% stake in Brisbane fintech startup Paypa Plane for an undisclosed sum. Founded in 2018 by Simone Joyce and Jonathan Grant, Paypa Plane is a digital payments provider, building a bank-grade platform where traditional scheduled payments and payment initiation via the New Payments Platform (NPP) and PayTo, which is… Read more »