NAB agrees to acquire neobank 86 400 for AU$220 million
Riddhi Jain,
5 years ago
3 min read
Melbourne-headquartered National Australia Bank (NAB) has agreed to acquire Australian neobank 86 400 for about AU$220 million and combine it with UBank, NAB’s very own digital-only bank. Moreover, the bank already owns a minority stake in 86 400 of approximately 18.3%.Ā NAB said that the...
CommBank’s x15ventures makes 2 significant appointments
Riddhi Jain,
5 years ago
3 min read
x15ventures, a scaling entity of Commonwealth Bank of Australia announced two significant appointments – Mr Ben Heap, who has been appointed as the first independent and Non-executive Chairman of x15ventures and Ms Jane Martino, the first External Portfolio Manager at x15ventures. The ‘x’ in x15ventures...
RegTech firm Kyckr partners with fraud-prevention tech provider FrankieOne
Riddhi Jain,
5 years ago
2 min read
ASX-listed regulatory technology firm Kyckr Limited has announced a partnership with Australia’s leading fraud-prevention platform provider for fintechs, banks and financial institutions, FrankieOne. Through this partnership, clients of FrankieOne will get access to primary-source corporate information through the global registry network of Kyckr for their...
Fintech firm Kogan breached the Australian Spam Act, says ACMA
Riddhi Jain,
5 years ago
3 min read
After careful investigation, the Australian Communications and Media Authority (ACMA) has found Australian e-tailer Kogan breaching the Spam Act. ACMA says the company sent over 42 million email marketing newsletters without an easy way to opt out or unsubscribe.Ā Kogan Australia has agreed to a...
MYOB and WEX: Revolutionizing B2B Payments
Riddhi Jain,
5 years ago
3 min read
MYOB, an Australian fintech MNC has announced a partnership with WEX, a US-based fintech services provider. Through this partnership, the two companies aim to deliver B2B payments for Aussie businesses. The partnership will give WEX customers access to the business payment platform of MYOB to...
Australian BNPL giant Zip raises $56.7 million in its SPP
Riddhi Jain,
5 years ago
2 min read
Buy-now-pay-later player in Australia, Zip has raised almost double it seeked out to raise in its Share Purchase Plan (SPP). The fintech raised over $10 million new shares amounting to $56,739,524. Zip had set out to raise about $30 million via the SPP, however due...
Aussie BNPL Beforepay raises $9 million in pre-IPO funding round
Riddhi Jain,
5 years ago
2 min read
Australia-based next-generation BNPL firm, Beforepay raises $9 million in a pre-IPO capital raising. The buy now, pay later firm capitalizes on the momentum in the sector and the round was led by Sydney-based VN fund Alium Capital. The funding round also attracted various other existing...
Energytech & digital payments platform Brighte raises $100 million
Riddhi Jain,
5 years ago
2 min read
Bright, an Australian green energy fintech platform has raised $100 million to take a plunge into energy retailing. The funding round was led by a family investment firm run by Annie Cannon Brookes, Grok Ventures. Katherine McConnell, CEO and Founder of Brighte said the capital...
Intiger Group acquired Sydney-based fintech Complii
Riddhi Jain,
5 years ago
2 min read
Financial software company Intiger Group announces that it has agreed to acquire Complii, a Sydney-based regtech solution in an all-scrip deal. Complii has developed a regulatory technology platform that removes the need for paper-based compliance functions for financial planners and stockbrokers. It has also created...
Australian neobank Volt teams up with TCS for digital payments platform
Riddhi Jain,
5 years ago
2 min read
Sydney-headquartered consumer neobank Volt has agreed to partner with Indian infrastructure technology giant TCS to develop and run its Banking-as-a-Service platform. Focused on the digital banking infrastructure of Volt is a next-gen payments technology backbone, it is called Volt 2.0 and is brought to life...
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