neobank and mobile banking | iTMunch

Neobank Xinja closes shop amidst COVID-19; returns banking license

Blaming the pandemic and a difficult capital raising environment, Australian neobank Xinja has decided to exit the banking sector in the country and focus on its share trading platform in the...
online payment companies | iTMunch

NPP, BPAY & eftpos agree to merge under a new name ‘NewCo’

Three Australian payments infrastructure companies, eftpos, BPAY and New Payments Platform Australia (NPP) have agreed to merge as a single entity. The step has been taken in order to compete better...
online payments software company | iTMunch

Software company Synechron acquires Aussie fintech firm Attra

Australian financial technology company Attra has been acquired by infrastructure technology and consultancy giant Synechron. How much Synechron paid for Attra and other terms of the deal have not been disclosed....
Australian fintech | iTMunch

NAB rolls out built-in smart receipts with Australian fintech Slyp

In a first, Big Four bank National Australia Bank has partnered with Australian fintech Slyp to introduce Smart Receipts as a feature in its mobile banking app. Customers of NAB will...
startups | iTMunch

Investment firm NextGen Funds launches AI fund for startups

Australian investment company NextGen Funds Management has announced the launch of the country's first AI (Artificial Intelligence) fund. The name of the fund is NextGen Artificial Technology Fund. This fund will...
Kogan fined by the Aussie Federal Court | iTMunch

Kogan fined AU$350,000 for inflating prices before offering discounts

Ecommerce platform Kogan has been fined $350,000 by the Australian Federal Court for misleading its customers by inflating its product prices before offering "discounts”. The Federal Court has already found that...
fintech firm | iTMunch

Aussie fintech Flexigroup rebrands itself as humm

New South Wales-based fintech firm Flexigroup has renamed itself as humm. The financial technology company changed its name following its decision to cut down its product offerings from 23 to 4...
payments fintech | iTMunch

Sydney payments fintech Limepay raises $21 million ahead of its IPO

Limepay, an Australian buy now, pay later fintech has banked $21 million ahead of its scheduled initial public offering for mid-2021. The investors that contributed to the funding include current backers...
funding for idea | iTMunch

VC Square Peg Capital appoints its first ever female investing partner

Australia-based venture capitalist Square Peg Capital hires its first female investing partner, Piruze Sabuncu. The VC firm has recruited Sabuncu along with other hires to push further into Southeast Asia. She...
currency - dollar, euro | iTMunch

Digital payments & international money transfer fintech Azimo enters Australia

Headquartered in Amsterdam, digital payments platform Azimo has set up its operations in Australia and joined the international money transfer (IMT) landscape to offer its customers competitive exchange rates as well...