FinTech Trends 2021: Top 6 technologies to watch out for
According to Big Four consulting firm KPMG, FinTech companies around the world bagged more than $135.7 billion in investment in the year 2019 [1]. In the same year, the global FinTech industry nearly reached $111,240.5 million and by 2023, the industry is expected to touch...
Australian neobank Judo raises $280 million; value soars 60%
In a Series D funding round, Aussie Challenger Bank Judo has raised $280 million in capital. The capital raise comes 7 months after the bank raised $230 million in Series C funding. After the Series D funding, Judo Bank’s valuation is at $1.6 million, 60%...
Online platform operator AuMake raises $7 million
Online platform operator Aumake announces that it has successfully completed a capital raising of $7 million. Aumake uses its online platform for connecting Asian influencers with authentic and high quality brands in Australian and New Zealand. Aumake says the funds will be allocated to accelerating...
Data analytics company HSC Technology Group to raise $3 million
Sydney-based SaaS data analytics platform provider HSC Technology Group has undertaken a placement to raise $3 million to boost its balance sheet. Over 176.4 million shares will be issued to sophisticated and institutional investors at a share price of 1.7 cents. The company didn’t disclose...
Yet another BNPL gets listed on the ASX; claims to be different
Introduction In Australia, the year 2020 has been all about buy now, pay later companies going big. This week, yet another BNPL service, Payright Limited got listed on the Australian Securities Exchange and claims to be different from what already is being offered by its...
Deloitte Australia names Head of Consulting & appoints 16 partners
Big four consulting firm Deloitte has appointed Ellen Derrick as the Head of Consulting in Australia. Derrick is currently the consulting firm’s National Leader for Public Sector & Public Policy. Derrick will be replacing Kaylene O’Brien who has been in this role for about 2...
The ACMA names 5G mmWave license applicants of Australia
Telecommunication players Field Solutions Group, Telstra, Starlink, Optus and Opticomm are amongst the list of 15 applicants that’ve been offered a mmWave license by the Australian Communications and Media Authority (ACMA). The other 15 telecom companies that have been offered a license in the 26...
Aussie telco Vonex acquires fellow telecom company Nextel for $1.15 million
Australian telecommunications company Vonex has announced that it will be acquiring Nextel for $1.5 million. The acquisition will give Vonex access to Nextel’s telephony and infrastructure cabling business. The ASX-listed company will be paying an initial amount of $315,000 in cash. The acquisition of NBN...
Zip’s Strategic Investment in UAE-Based Spotii: Expanding BNPL Horizons
Australia’s one of the most trusted buy now, pay later service Zip has announced that it will be investing in a UAE-based BNPL startup Spotii. Through this investment deal, Zip will be providing Spotii access to its BNPL expertise, financial support, access to an international...
Fintech & energy startup Brighte raises $100 million funding
Australian fintech and energytech Brighte has ended the year with a bang by bagging a huge funding of $100 million. The funding by the energy startup was led by the investment fund of Mike and Annie Cannon-Brookes, Grok Inventures by contributing $78 million in the...
