Westpac appoints Damien MacRae to lead new BaaS business
Westpac’s BaaS offering was built in partnership with 10X and integrates 30+ various tech services.
Australia
Aussie banking app Douugh taps TrueLayer for open banking data access
Australia’s Consumer Data Right framework enables the sharing of customer data between banks and fintechs.
Aussie SME financial management platform Thriday set to launch in beta
Thriday was set up to tackle “the poor quality of financial management solutions offered to small businesses”.
Digital ID verification start-up OCR Labs expands to North America with $30m funding
OCR Labs has raised $46 million through its combined Series A and B.
UK challenger Revolut secures Aussie credit licence
Revolut Australia CEO says the firm is creating the “world’s first truly global financial platform”.
Online brokerage ThinkMarkets secures $30m investment to support growth
The trading platform has headquarters in London and Melbourne.
FinTech Australia appoints paytech veteran Andrew Porter as CEO
Porter previously held senior roles at OFX, World First and TransferMate.
Aussie BNPL firm Zip confirms Sezzle takeover talks
The potential deal would follow a string of acquisitions by Zip over the past 18 months.
Sydney fintech start-up Cape makes tech and product leadership hires
Julian Guppy joins as CTO and Andrew Fanner as chief product and marketing officer (CPMO).
Financial wellness and savings app Flamingo launches in Australia
Flamingo aims to help the 31% of Australians who reported being under financial stress.
Fintech start-up DiviPay plans international expansion following $20m Series A round
The new funds will also be used for further product development and to hire more staff.
Aussie fintech Finder secures first capital injection worth $22m
Finder co-founder Fred Schebesta says the company has been “bootstrapped since day one”.
Westpac acquires money management app MoneyBrilliant
MoneyBrilliant’s technology will be integrated into Westpac’s digital banking app.
AMP appoints new CTO, Felicia Trewin
Felicia Trewin will start her tenure in March 2022 and join AMP’s executive committee.
Australia’s Mr Yum secures $64m Series A funding
Female-led company is focused on mobile orders and payments in restaurant and hospitality sectors.
Revolut buys SME hospitality ePOS software provider Nobly POS
Nobly POS software will be integrated with Revolut payment offerings internationally.
Airwallex adds $100m funding with Series E extension
The new capital injection adds to the firm’s $200m Series E funding.
Singapore fintech Sleek raises $14m to fund global expansion
The company’s platform acts an ‘operating system’ for entrepreneurs and small businesses.
Zip completes acquisition of Czech BNPL firm Twisto
The move will grant Zip access to the EU market from its UK springboard.
Aussie digital bank Volt partners Frollo to launch BaaS app
The app will be fully integrated with Volt’s core banking system.
US cloud AI platform H20.ai raises $100m in Series E round
Commonwealth Bank of Australia led the round and will form strategic partnership with H20.ai.
Westpac chief platform exec Meindl leaves as 10x BaaS project nears completion
Meindl says he plans to relocate to Asia, and calls the 10x project the “pinnacle” of his career.
Oracle partners Nano to utilise proprietary onboarding tech
Aussie digital lender will deploy its system to Oracle partners.
Aussie ID and fraud prevention platform FrankieOne nets $15m Series A round
Start-up sees investment from Robinhood founder and CEO Vlad Tenev and Monzo founder Tom Blomfield.
Australian paytech Till Payments lands $80m in Series C funding round
The cash will be used to spur the firm’s global expansion plans.
Australian lender MoneyMe lands $36m funding partnership
The money will be used to expand its product suite.
Aussie fintech Airwallex secures $200m Series E funding at $4bn valuation
The company has now raised more than $700m in total capital.
Corporate credit card start-up Cape partners with open banking provider Basiq
The tie-up will see Cape’s upcoming cards integrated with Basiq’s open banking technology.
Australian challenger Avenue lands restricted banking licence
The digital business bank wants to make it easier for SMEs to grow their businesses.
Australian fintech platform Airwallex launches in US
The expansion is made possible through a partnership with domestic BaaS provider Evolve Bank & Trust.
FinTech Australia searching for new CEO as Schot-Guppy announces departure
Departing CEO will take up a new role in October.
Australian challenger Alex goes live on Temenos
The digital bank was granted a banking licence by APRA last month.
Cuscal picks BHMI’s Concourse to support upcoming NPP initiative
PayTo will look to enhance the current NPP payments system.
Square plans $29bn acquisition of Aussie BNPL firm Afterpay
The deal will become Australia’s largest ever acquisition.
Former Absa exec joins NAB as new chief security officer
Sandro Bucchianeri announced his departure from Absa at the start of the month.
Afterpay to launch lifestyle app Money on Westpac tech
BNPL firm aims to make Money a primary account for users.
Australian fintech Alex secures banking licence from APRA
It’s the first licence to be handed out by APRA in 18 months.
Former CBA chief digital officer launches mortgage fintech True Savings
The platform claims to take “less than a minute” to search for home loan options.
Aussie challenger bank Volt acquires neolender Australian Mortgage
The two companies had entered into a partnership earlier this year.
Aussie mortgage firm Bluestone goes live with Mambu
Non-bank lender handles AUD 10 billion in home loans across Australia and New Zealand.
