Fintech

Australian Buy Now Pay Later company Zip has seen strong growth across all metrics — revenues, transaction volume, customers and merchants — compared to this time last year, bolstered by its expansion into global markets as well as strong growth in the BNPL sector. Last August, the company acquired US

Zeller, an integrated payments and financial services solution founded by former Square executives Ben Pfisterer and Dom Yap, revealed today that it closed A$25 million in Series A funding round last year to accelerates product development and hiring ahead of what it describes as its imminent launch. The company also

Android users can get their first taste of Australia’s new data portability scheme from today following an update to Frollo’s mobile application to add open banking data. The Sydney fintech’s app received a major update for Android to incorporate real time transaction insights using Open Banking account linking. The Apple

Despite difficult economic conditions, a net 104 new Australian fintechs emerged in the last 15 months according to new data from KPMG. Most of the growth was in blockchain, cryptocurrency and lending while the number or regtechs, wealthtechs and analytics startups decreased. Today KPMG released its Fintech Landscape 2020, describing

Investment in Australia’s fintech sector has accelerated in the first half of 2020, reaching US$376.5 million, a more than 150 per cent increase on the corresponding period in 2019 (US$149.05 mil). However, a fall in M&A and PE activity caused total investment in Australian fintech to fall from US$1.3 billion

Startup hub Stone & Chalk says it has set a new strategic direction to address the needs of the emerging technology ecosystem at a critical time for the tech industry in Australia. The not-for-profit will provide commercialisation, mentorship, customer acquisition, capital raising, advocacy, and growth development support to startup founders

Frollo, a financial management software company, is the first fintech and second company overall to receive accreditation as a data recipient in Australia’s upcoming Consumer Data Right system. On Friday the ACCC announced Frollo will join Regional Australia Bank as accredited data recipients in the data portability scheme set to

Neobanks operating in the UK added more than 6 million new customers in the second half of 2019, ending the year with 19.6 million customers globally, according to Accenture’s Digital Banking Tracker. Accenture’s research tracks the performance of UK neobanks – those that offer financial products via digital channels –

CommBank X15 Ventures

Commbank has launched a new start-up incubator called X15 Ventures, which it says will produce 25 new ventures by 2024, signalling a new approach to the startup-enterprise relationship. The bank announced the initiative today which it described as an “Australian technology venture-building entity designed to deliver new digital solutions.” Download: Which-50’s

Wisr, an ASX listed marketplace lender this week announced a $33.5 million raise through a share placement. The company says the funds will be used to accelerate growth and the continued roll out of its products. Download: Which-50’s Simple Fast Easy magazine – Six great digital experience case studies Wisr is