Displaying items by tag: Fintechs

FinTech Australia, the national association for the Australian FinTech startup community, has launched a new event aimed at showcasing sustainability-focused fintech companies.

Australian fintech Airwallex has officially launched in Singapore following the recent grant of a Major Payment Institution licence by the Monetary Authority of Singapore.

Identity and fraud prevention platform provider FrankieOne has closed its $20 million Series A funding round, led by AirTree Ventures and Greycroft.

Australia’s banking sector is transitioning to fully embrace digital financial wellness as a way of gaining and keeping customers, ensuring banks remained ingrained in the day-to-day financial decisions of consumers, according to a new data by Forrester Consulting commissioned by banking platform Backbase.

Investment technology startup Fresh Equities has raised $2.3 million in a deal led by Archangel Ventures, and joined by a fintech founders syndicate containing founders from Wisr, Sythetix and Zip Co Limited.

The Covid-19 pandemic has imposed a digital shift among companies, and fintechs are capitalising on this dramatic change. Despite the volatile environment, fintechs have recorded a double-digit growth, and those who have a diverse product portfolio are attracting investors.

Debit card processor eftpos hasn't given up the fight against its multinational rivals. Its Product Roadmap 2021 Update outlines plans for mobile wallets, ecommerce, digital identity, APIs and fintech access, and QR codes.

Melbourne based fintech Airwallex has completed its acquisition of Hong Kong prepaid card operator UniCard Solution.

Debit card provider eftpos has launched a FinTech advisory committee in collaboration with FinTech Australia, designed to give fintechs a direct say in how they can access and leverage the eftpos payments network for the “betterment” of Australia’s digital economy.

Data aggregation and data analytics platform for digital financial services, Envestnet | Yodlee, has qualified with the ACCC as an Accredited Data Recipient under the Consumer Data Right (CDR).

Debit card provider eftpos has announced an updated digital product and technology rollout scheduled for the next two years which it claims will create greater value, ease and security for consumers and businesses by enabling “compelling innovations” for members, Fintechs and retailers that enhance the digital commerce experience.

Investment in Australia’s fintech sector has accelerated in the first half of 2020, reaching US$376.5 million, a more than 150% increase from US$149.05 million in the corresponding period in 2019, with the growth coming despite a decline in merger activity, according to a new fintech report.

Melbourne-based fintech Airwallex has closed its series D funding round, raising US$160 million and attracting new investors.

Investment in Australia’s fintech sector smashed previous records in 2019, increasing by 252% to $2.9 billion, according to the bi-annual report on global and regional fintech investment trends published by KPMG.

Global digital money transfer transaction volumes will reach 2 billion by 2024, up from 1.1 billion in 2019, according to a new report.

Australian software consultancy ThoughtWorks has appointed banking industry veteran Vic Wolff as its new director of financial services.

Global credit/debit card provider Visa has partnered with fintech Payment Logic to launch Yak Pay, a company providing small businesses with the ability to use digital payments when paying non-card accepting suppliers.

Listed fintech company Identitii has announced it has been selected by the Australian Competition and Consumer Commission (ACCC) as one of just 10 companies to test the Consumer Data Right (CDR) ecosystem, which will enable Australia’s incoming open banking regime scheduled to go live from February 2020.

Western Australian based fintech company, Fair Go Finance, has announced a $20 million investment from Skybound Capital, which has purchased the majority share (60%) of the business from parent company, Frankfurt-listed MyBucks S.A.

The Australian and New Zealand arm of global credit bureau services provider Experian has acquired Australian fintech startup Look Who’s Charging, in its sixth major APAC investment since 2017.