Accelerator

CommBank picks Seattle startup as winner of x15ventures accelerator program

- February 19, 2025 2 MIN READ

The Commonwealth Bank’s venture-scaling arm, x15ventures, has chosen a US-based data change management platform, Gable, as winner of its annual Xccelerate program. The startup has secured a SAFE Note investment and is actively exploring multiple partnership opportunities with CommBank. The three other finalists -vUS-based Cleric, local AI fintech Dragonfly Thinking and Eidiex – are also… Read more »

Fintech

Gig worker fintech MyGigster raises $1.1 million Seed round

- January 29, 2025 2 MIN READ

MyGigsters, a fintech the helps gig economy workers track their income and spending to build financial security, has raised a $1.1 million Seed round. It leverages real-time data on earnings, expenses and work history, alongside advanced analytics, to provide hyper-personalised insights for people to improve their financial wellbeing. The fintech launched in 2022 with pre-Seed… Read more »

Rehan D'Almedia
Business

FinTech Australia says plans to ban payment surcharges will cost competition, choice and fintech innovation

- December 31, 2024 2 MIN READ

FinTech Australia has released its formal position on the RBA’s review of merchant card payment costs and surcharging, advocating for an approach which keeps competition high but does not place an outright ban on surcharging. The view was formed after months of consulting with the peak body’s member base of over 400 companies and commissioning… Read more »

BNPL, Afterpay, Klarna
Fintech

The BNPL sector is now being regulated as credit in Australia

- December 4, 2024 3 MIN READ

Financial institutions, fintechs, and regulators have welcomed new buy now, pay later (BNPL) rules that will finally treat the sector like other credit providers, with new legislation passed hours before shoppers tapped BNPL to propel Black Friday sales to record-breaking heights. The new regulations will apply corporate regulator ASIC’s National Credit Code (NCC) to a BNPL sector that has… Read more »

Business

Finder acquires shopping cashback fintech Grow My Money

- November 27, 2024 2 MIN READ

Comparison fintech Finder has acquired cashback platform Grow My Money for an undisclosed sum. Founder Pascale Helyar–Moray originally launched Grow My Money as Super-Rewards in late 2019, helping people save for the retirement with a cashback program from shopping. She subsequently expanded into mortage repayments, transforming the fintech into its current form and brand People can shop… Read more »

Josh Foreman
Fintech

Debt collection fintech InDebted banks $50 million Series C

- September 24, 2024 2 MIN READ

Consumer debt collection fintech InDebted has raised $50 million in a Series C that values the scaleup at more than $350 million The round was led by Airtree and supported by Australian Retirement Trust and new growth fund Premier Capital Partners. Existing shareholders Reinventure, Carthona and Perennial also chipped in. Indebted previously raised $22.5 million… Read more »

robot
AI/Machine Learning

Your call is important to our chatbot: CBA looks to AI as customer service replacement

- September 17, 2024 3 MIN READ

The Commonwealth Bank (CBA) will test a generative AI-based chatbot that could replace its call centre staff as part of Australia’s largest financial institution’s expanded use of AI technology. On Tuesday, CBA announced it would become the first Australian company to use Amazon Web Services’ (AWS) P5s, which are based on Nvidia computer chips supporting… Read more »

Breaking Bad, money pile
Fintech

STEALTH MODE MONEY: Techboard checks under the bed for unannounced capital driving fintech startups – and finds nearly $700 million

- August 30, 2024 5 MIN READ

The amount of capital flowing into local fintechs is nearly double the known figures according to estimates from funding analytics firm Techboard, which has launched a new report into investment in the sector. Some of that funding includes millions into VC-backed startups  with around $684 million in unannounced funding discovered alongside $769m in announced deals… Read more »

ASX

White label BNPL Limepay may finally gets its ASX listing, but not the way it hoped

- July 18, 2024 3 MIN READ

Three years ago amid the BNPL goldrush, fintech Limepay was hoping to list on the ASX. It wasn’t to be for the white label buy-now-pay-later platform, founded in 2016, which billed itself as Australia’s first enterprise payments fintech. But Limepay, which rebranded in 2022 as April Solutions, will become a listed company after being swallowed… Read more »

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