While Australia officially slips into the first recession in 30 years, it is clear that we need more jobs. But we must embrace technology to be globally competitive. There is no other way. The Senate Select Committee on Financial Technology and Regulatory Technology was established in September last year, and following an extensive round of public… Read more »
The elephant entered the buy now, pay later (BNPL) room on Tuesday and the rockstar stocks of the ASX took a massive hit as a result. PayPal announced the launch of its ‘Pay in 4’ platform in the US, which mimics Afterpay’s 4 instalment solution. The announcements sent Australian-listed BNPL shares into a nosedive, with… Read more »
FY20 loan originations of $450.9 million, down 10.1% on FY19 FY20 total revenue of $142.1 million, up 4.2% EBITDA loss of $19.5m (FY19: -$0.8m) EBITDA $4m, excluding Covid-19 provision, and a one-off loan receivable adjustment of $5.5m Total ANZ customers up 43.5% over 30 June 2019 Customer repayments since June 30 better than expected Prospa… Read more »
Fintech Australia board members at The Finnies (l-r), Lauren Caplin of Reinventure, Simone Joyce of Paypa Plane, chairman Alan Tsen, GM of Stone & Chalk Melbourne, Carla Harris of Longevity, Melissa Mack of MoneyPlace, GM Rebecca Schot-Guppy, and Tim Dean of Credi.com. Up Bank, Airwallex and Afterpay are among the major winners of the 2019… Read more »
Fintech startup Athena has raised a $15 million Series A round, with funding coming from Macquarie Bank, Square Peg Capital, Apex Capital, and Rice Warner.
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