WeMoney was the biggest winner at the annual FinTech Australia Finnie Awards, taking home the silver in three categories, including the People’s Choice Award for fintech of the year. The annual awards, which recognise the best in Australian fintech, saw FrankieOne take home the top gong as Fintech Organisation of The Year award, while digital… Read more »
Following the massive success of its inaugural CDR (Consumer Data Right) Summit last year, FinTech Australia will run its second gathering in Sydney to start the new financial year. The CDR summit at The Hilton in Sydney on Wednesday, July 3, will showcase local and international experts, policy makers, founders and builders discussing the future of… Read more »
India is now the third largest fintech industry in the world, with 1.4 billion people making 135 billion digital transactions last year. That makes it ripe territory for Australian startups, such as FootprintLab, looking to expand globally. Sydney-based cleantech FootprintLab has a product in global demand: credible, up-to-date and commercially useful carbon footprint data. Regulators,… Read more »
FinTech Australia has announced the finalists for Australia’s most prestigious annual fintech business awards, The Finnies. This year’s awards attracted more than 322 entries across 19 categories, resulting in shortlist of 154 finalists. The Finnies are judged over two rounds by more than 70 experts from the fintech ecosystem. The first round saw around 30 judges… Read more »
Fintech Citro has launched a rewards program for Australians around retirement age, offering savings from more than 200 retailers. AMP-backed Citro launched in 2023 and already has more than 75,000 members on its platform. They receive tailored content and insights to help them take control of their finances as they approach and manage their retirement.… Read more »
Sydney fintech Avenue Bank has been granted a full banking licence by the financial regulator APRA. Avenue has been on what’s known as a a restricted Authorised Deposit Taking Institution (ADI) licence since mid-2021 after raising $37 million in a series B earlier that year. The granting of a full ADI by the Australian Prudential… Read more »
The annual FinTech Australia Finnies Awards will return to Sydney for the presentation night in June after six years in Melbourne. The awards, now in their eighth year, were first held in Sydney in 2016 then 2017 before heading south. The presentation night will be held on June 6 at Doltone House in Jones Wharf,… Read more »
Apple Pay overtook Afterpay in average users last year to become the third most widely used digital payment service, according to the latest Roy Morgan Digital Payments Report. While Block-owned Afterpay saw its user base decline over the last six months Apple Pay has more than doubled its share of users in the Australian market over… Read more »
Global payments fintech Airwallex has signed a multi-year partnership deal with the McLaren Formula 1 team, joining the likes of Google Cloud, Chrome, Salesforce and Dell as backers of the recently refreshed F1 cars. McLaren’s 2024 challenger, the MCL38, will be revealed on February 14 ahead of the ahead of the season opener in Bahrain this… Read more »
FinTech Australia has holding a reverse pitch event later this month in a collaboration with major banks ANZ and Westpac, as well as fintech investor 1835i. The initiative will see ANZ and Westpac share selected problem statements across banking-related areas such as sustainability, payments and fraud and scams for fintech startups to tackle as part… Read more »
Hnry believes sole traders should have access to world-class tax accountancy services. They say there’s no other certainty in life than death and taxes, but for many sole traders, doing their taxes is a kind of death. Death by a thousand numbers, receipts, deadlines and obligations. It’s enough to kill the startup dream. Then along… Read more »
The Commonwealth Bank is expanding its children’s banking products with a new digital app as part of a wider digital strategy announced by CEO Matt Comyn. The range of initiatives the bank launched include a new low interest digital home loan at 2.14% for owner-occupiers. It’s also adding the CommSec share trading app to the… Read more »
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 »
Sydney fintech BizPay is laying off nearly a third of its workforce amid an ongoing capital raise. The business cashflow startup, which bills itself as a buy now, pay later (BNPL), letting companies pay invoices in four instalments, has shed 30% of its team, who finish up this week. Founder and CEO David Price blaming… Read more »
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 »
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