Simone Joyce

CBA takes minority stake in business payments fintech Paypa Plane ahead of PayTo roll out

- February 7, 2022 2 MIN READ

The Commonwealth Bank has taken a 20% stake in Brisbane fintech startup Paypa Plane for an undisclosed sum. Founded in 2018 by Simone Joyce and Jonathan Grant, Paypa Plane is a digital payments provider, building a bank-grade platform where traditional scheduled payments and payment initiation via the New Payments Platform (NPP) and PayTo, which is… Read more »


The former boss of millennial super fund Spaceship handed 6-year ban

- January 21, 2022 2 MIN READ

The former CEO of fintech startup Spaceship has been banned from acting in the financial services sector for six years by the corporate regulator, ASIC. Paul Kevin Bennetts, of Elanora Heights on Sydney’s Northern Beaches, was found to have dishonestly obtained his Australian Institute of Company Directors (AICD) qualification following an investigation by the company… Read more »

Nazim Ali is CEO of airwallex

Global fintech Airwallex launches in Singapore today

- January 13, 2022 2 MIN READ

Homegrown global fintech Airwallex has announced its official launch into Singapore today following its November grant of a Major Payment Institution (MPI) license by the Monetary Authority of Singapore. The approval will see Airwallex progressively introduce a suite of product and service offerings that will enable businesses in Singapore to operate and grow globally and… Read more »

Andrew Ellett

Fintech HelpPay raises $2.4 million as the bill-sharing app launches to aid people with household expenses

- November 26, 2021 2 MIN READ

HelpPay, a fintech for people seeking help to pay bills, has raised $2.4 million in series A ahead of its public launch this Monday, November 29. The first-of-its-kind platform lets people securely share bills with family and friends via a smartphone app, allowing others to chip in and help pay them off. Unlike crowdfunding options… Read more »

Elliott Donazzan

CBA’s X15ventures chips an extra $700,000 into on-time payments fintech Payble

- November 16, 2021 2 MIN READ

x15ventures, the Commonwealth Bank’s venture scaling arm, has tipped an additional $700,000 into its joint venture fintech Payble. The startup is a subsidiary of ASX-listed Sydney fintech Identitii (ASX: ID8), which uses blockchain and tokenisation to connect banks and businesses with the data for payments, in a joint venture with x15. Payble co-founder and MD… Read more »


Fintech Brighte pushes into energy retailing after raising $185 million in fresh green bonds deal

- November 9, 2021 2 MIN READ

Household renewable energy financier Brighte has scooped up another $185 million in asset-backed securitisation (ABS) as it looks to get into the “gentailing” as an energy retailer with its clients.  The company, which counts Mike Cannon-Brookes and Grok Ventures among its key VC backers, has raised $375 million in public debt and $145 million in… Read more »

binoculars, searching in long grass

Australian fintechs now have a map of potential investors

- November 9, 2021 2 MIN READ

FinTech Australia has released a  new map for fintechs detailing investors in the sector. The map showcases investors from across the country, featuring a variety of funders including venture capitalists, angel funds, corporate investors, crowd-funding options and incubators. It’s available for free for people in the fintech and startup communities. The map is free to… Read more »

Sri Ambati

CBA’s $132 million play with California artificial intelligence leader H20 to make the bank ‘an AI superpower’

- November 8, 2021 2 MIN READ

Australia’s biggest bank, the Commonwealth (CBA) has made a major play in artificial intelligence, investing $134 million (US$100m) in California AI market leader, for a minority stake. The bank is hoping the exclusive partnership with the Silicon Valley machine learning platform will help make Australia a leading force in AI. H2O is CBA’s exclusive… Read more »

Afterpay, Nick Molnar, Anthony Eisen

KPMG: Fintech sector growth is being driven by M&A

- October 29, 2021 3 MIN READ

Consolidation in the financial services sector, as corporates swallow up fintechs, has been a key driver of growth in the fintech sector over the past 12 months according to analysis by KPMG. The KPMG Fintech Landscape 2021, an annual survey of independent fintechs that are either active and/or headquartered in Australia, reveals there are currently… Read more »