Fintech firm Kogan breached the Australian Spam Act, says ACMA
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. Kogan Australia has agreed to a...
MYOB and WEX: Revolutionizing B2B Payments
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
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
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
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
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
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...
ANZ Bank prepares itself for a new banking platform pilot
Introduction Aussie Big Four bank, Australia and New Zealand Bank is working continuously on modernizing its banking systems. The banking systems transformation in ANZ Bank is going on under its ANZx transformation program and the trial of the system is slated for Q2 of 2021,...
AsiaPay partners with Australia-based payments technology provider Fat Zebra
Digital payments technology provider AsiaPay announces that it will be further expanding its payments platform in Australia and New Zealand through a new partnership with Fat Zebra. Fat Zebra is a global payments technology provider that focuses on building and scaling a payments network where...
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...
