Andrew Porter

FinTech Australia reveals 2022 Finnies finalists

- May 6, 2022 3 MIN READ

The finalists for FinTech Australia’s sixth annual business awards, known as The Finnies, have been announced. More than 290 entries were received for this year’s awards, across 20 categories, with the judges selecting a shortlist of 125 finalists. FinTech Australia CEO Andrew Porter said the calibre of entries continues to rise each year for the… Read more »


2E or not 2E: Airwallex is reportedly hunting for another $200 million top up for its Series E

- April 27, 2022 2 MIN READ

Melbourne unicorn Airwallex is reportedly looking to extend its Series E round for a second time, seeking another US$150 million (A$209m) as it contemplates a public listing. Bloomberg reports the seven-year-old cross-border payments fintech is talking with several investors to close the round within months, citing unnamed insider sources. It’s just seven months since Airwallex… Read more »


Fintech Bloom launches Australia’s first climate impact investing app

- April 1, 2022 2 MIN READ

Fintech startup Bloom is launching the country’s first climate impact investing app. Co-f0under Camille Socquet-Clerc said the Bloom fund will feature a mix of green bonds, publicly-listed stocks and privately-held projects previously available to wholesale and sophisticated investors, such as solar farms. Bloom’s fund includes 75 investments, including big players like Tesla and BluGlass. Socquet-Clerc… Read more »


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 »


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 »

piggy bank

The Australian government wants feedback on the next steps in open finance from the Consumer Data Right

- March 15, 2022 2 MIN READ

Consultation on expansion of the Consumer Data Right (CDR) to open finance has been kicked off by the Australian government.  A consultation paper released today calls for public input on datasets to be considered from non-bank lending providers, offering fintechs the chance to develop innovative consumer use cases.  Earlier this year, the federal government announced… Read more »


The small detail in Zip’s results that spell out the longer term challenge for BNPLs

- March 1, 2022 3 MIN READ

Zip shares fell 7.7% following resumption of trade on Tuesday after the company announced a $491 million all-scrip takeover of US BNPL Sezzle. The merger, offering a 31.7% premium on Sezzle shares based on the 30-day volume weighted average price, is another sign of an expected consolidation of the crowded BNPL market following Square’s takeover… Read more »

small business, payment

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

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 »


Entries for the 2022 Finnies Awards are now open

- February 9, 2022 < 1 MIN READ

There has been some truly remarkable progress in the fintech industry in the past year. We’ve seen records for funding rounds broken, women leaders in the industry excel and a number of companies make significant headway with new technologies and policies. Today, we’re calling on all companies in the sector to put their hand up… Read more »