Fintech

Australian fintech Assembly Payments is merging into Irish forex marketplace CurrencyFair

- April 8, 2021 2 MIN READ

The journey for Melbourne fintech Assembly Payments is set to end with the company being merged into Ireland-based cross-border payments platform CurrencyFair by one of the company’s key backers Standard Chartered. The British banking multinational launched a Singapore-based joint venture digital payments company with Assembly Payments in early 2020. Standard Chartered said the merger was… Read more »

Fintech

86 400 sells to NAB, ending its neobank dream

- January 29, 2021 2 MIN READ

Big four bank NAB is taking control of neobank 86 400, just 18 months after the fintech launched. The proposed deal ends the “challenger bank” dream of British banking pioneer Anthony Thomson, co-founder of the UK’s Metro Bank and publicly-listed digital bank Atom, and CEO Robert Bell, a former ANZ Japan boss. It was only… Read more »

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News & Analysis

Xero is getting into business lending, buying Sydney financing startup Waddle for $80 million

- August 25, 2020 2 MIN READ

Accounting software giant Xero Ltd is moving into lending to small business through invoice financing, announcing plans to acquire Sydney startup Waddle for up to $80 million. Xero (ASX: XRO) said the acquisition of the cloud-based lending platform aligns with its strategy to grow the small business platform and to address critical small business financial needs. “Waddle’s… Read more »

News & Analysis

Atlassian buys Slack-based helpdesk startup Halp

- May 13, 2020 2 MIN READ

Atlassian has bought US helpdesk startup Halp. The Nasdaq-listed Sydney tech giant, best know for the Jira, Trello and Confluence platforms, acquired the three-year-old venture, which operates in Slack, delivering help desk ticketing and automated answers, for an undisclosed sum, Steve Goldsmith, Head of Product, Integrations, at Altassian, said in the company’s announcement that Halp… Read more »