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 »

Fintech

The former boss of millennial super fund Spaceship handed 6-year ban

- January 21, 2022 2 MIN READ

The former CEO of fintech startup Spaceship has been banned from acting in the financial services sector for six years by the corporate regulator, ASIC. Paul Kevin Bennetts, of Elanora Heights on Sydney’s Northern Beaches, was found to have dishonestly obtained his Australian Institute of Company Directors (AICD) qualification following an investigation by the company… Read more »

Zibra
Antler Australia

Zibra is a smart digital wallet that consolidates all your existing cards

- January 14, 2022 3 MIN READ

People have wallet overload. Most of us have multiple cards and accounts; business, personal, joint account, investments, home loans, credit cards, debit cards, loyalty and rewards just to name a few.  With the rise of contactless transactions, Zibra co-founders Trina Ray Choudhury and Elliot Braham realised there was a huge opportunity to automate the way… Read more »

Antler Australia team
ASX

BNPL QuickaPay sells to legal payments venture RapidPay in Antler’s first exit

- December 15, 2021 2 MIN READ

Sydney BNPL fintech QuickaPay has been acquired by legal services payments platform RapidPay. QuickaPay was co-founded by Nathan Carroll and Nick Glynn in 2019 and was one of the first companies to emerge out of the early-stage VC and startup accelerator Antler Australia. Antler invested pre-seed funding in QuickaPay and it’s the VC’s first exit among… Read more »

Daniel Kniaz, Russell Martin
Funding

Small business expenses startup DiviPay banks $20 million Series A for offshore ambitions

- December 13, 2021 2 MIN READ

Sydney startup DiviPay has raised $20 million in a Series A as it looks to expand internationally. The company did not disclose who led the round, saying only that it was a “global fintech-focused growth equity investor”. Other backers in this round include Global Founders Capital, Rapyd’s new VC arm, Rapyd Ventures, Raffael Johnen from… Read more »