Optus parent organization SingTel assesses potential Accellion data breach
Introduction Parent organization of Australian telecom giant Optus, Singapore Telecommunications Limited said that it is currently investigating the impact of a possible security breach. SingTel says that the cybersecurity breach might have exposed and compromised customer data. In a media statement, SingTel said that it...
Hire now, pay later firm Playter Pay raises £1 million
One of United Kingdom’s fastest growing companies, Playter Pay announced that it has raised £1 million in a funding round led by several investors. The round consisted of both debt and equity which will allow the ‘Hire now, pay later’ company help small and medium-sized...
McKinsey Australia acquires digital-focused consultancy Hypothesis
The Australian arm of American management consulting firm McKinsey has snapped up Melbourne & Sydney-based Hypothesis, a consulting firm that focuses on digital transformation. Hypothesis Founders, Sean Heydenrych and Grant Hartland, are expected to join consulting giant McKinsey as Partners. For this acquisition, SCD Advisory was...
Cashplus Granted Full Banking License by Regulator PRA
UK-based financial technology company Cashplus has finally received a full banking license from the Prudential Regulation Authority (PRU). The fintech has been serving as an e-money institution for several years, Cashplus will now provide its customers as a regulated bank. The credit card lender for...
Fractional share trading platform Wombat Invest raises £2 million seed fund
London-based investment and trading app Wombat Invest secured £2 million in a venture funding round after setting up the business from its 2018 crowdfunding round of about £250,000. The 2 million funding round for the fractional share trading platform was led by Fuel Ventures, a...
VMware loses its Head of Channels & Alliances ANZ
Software company VMware loses its long serving Head of Channels & Alliances for Australia and New Zealand, Mr Neels Du Plooy who has been serving the company for about 9 years. Plooy served the company as its Head of local channel for the past 4...
Macquarie Group Acquires Vocus: A Strategic Telecommunications Move
Introduction Australian multinational financial services company, Macquarie Group’s infrastructure unit has offered about $2.6 billion (A$3.4 billion) to Vocus Group for its complete acquisition. Previously known as Vocus Communications, Vocus Group informed the Australian Securities Exchange (ASX) that it has courted an indicative proposal from...
Frontline Ventures’ $61 Million Funding for B2B Tech Startups
London-based Frontline Ventures has announced the release of its new £61.3 million ($83.8 million) Frontline Seed Fund III. The fund will be aimed at European B2B technology startups with global ambitions. The newly announced startup seed fund brings the total funds under management of Frontline...
SumUp Acquires Paysolut: Expanding Banking Solutions
B783 London-headquartered mobile payments firm SumUp has announced the acquisition of Paysolut, a core banking solutions provider. Post the acquisition, Lithuania-based Paysolut will remain an independent company, from the management point of view. It will also have access to a massive customer base of 3...
Limepay gears up for IPO on the ASX by making 7 high-profile hires
Australian buy now, pay later fintech Limepay is on an ‘all-hands-on-deck’ mode as it is progressing towards its listing on the Australian Securities Exchange. The fintech has managed to raise about $30 million in the past 1 year to add 7 high-profile hires to the...
