For the most recent details about the financial market, technology used in finance, and much more, iTMunch is your up-to-the-minute source. Keep reading iTMunch for the latest finance news!
Aussie Digital Bank Alex’s Ambitious $10 Million Funding Plan
Alex, an Australia-based digital banking player is planning to attain capital of AU$10 million (approximately $7.1 million) through a Series B round of investment. As reported first by the Financial Review, the senior management team of fintech Alex has been keen on securing additional funds...
New fintech on the block: Hnry, an online tax service
A New Zealand-based fintech app Hnry has announced its launch in Australia. Through this app, Australia independent earners, like self-employed individuals, freelancers, contractors and sole traders, get access to a world-first financial administration and online tax services. After delivering record growth to becoming an established...
Newcastle Permanent partners with home-loan fintech Athena
Trending in the latest news, an Australian mutual lender has entered into a strategic partnership with a fintech startup. Newcastle Permanent Building Society (Newcastle Permanent) has signed a deal with Athena Home Loans (Athena) sanctioning an initial $300 million in home loan and mortgage funding....
Australian BNPL Afterpay CFO Bortoli to depart after 3 years in the role
Buy now pay later darling Afterpay has announced the departure of its Chief Financial Officer Luke Bortoli after 3 great years in the role. Mr Bortoli’s place will be taken by Rebecca Lowde who was the former Group CFO of Bravura Solutions, a fintech firm....
Zip Co Director to retire from her post while the BNPL appoints a new one
The Non-Executive Director of Australian buy-now-pay-later darling Zip, Ms Dianne Challenor is all set to retire from her position, effective October 1st 2020. Zip Co says Challenor has been on the board since February 2018. Simultaneously, Zip Co announced that Ms Pippa Downes will step...
A new & promising $280 million Aussie fintech firm Plenti to hit the ASX
A Sydney-based financial technology firm Plenti Group Limited (ASX: PLT) is all set to launch into the Australian Securities Exchange from 23rd September 2020 with a market capitalization of $280.3 million. Previously known as RateSetter, Plenti is a fintech firm that has built an investors...
ANZ Bank’s Group Transformation General Manager Rob Marchiori to Exit
Rob Marchiori, the Group Transformation General Manager for Australia and New Zealand Banking Group will be stepping down from his role. Marchiori will leave the bank in October 2020 and the remaining agile work way teams will be merged into the technology organisation The latest...
ASX-Listed Change Financial to acquire payment fintech Wirecard ANZ
A US-based fintech-focused company Change Financial has launched a capital raising to acquire the Australia and New Zealand arm of payment fintech solution provider Wirecard. The ASX-listed Change Financial announced that it has entered a binding agreement to successfully acquire Wirecard ANZ’s all business assets...
NAB’s Revolutionary Zero Interest Credit Card Challenges Afterpay
In an attempt to take on Afterpay’s buy-now-pay-later fintech solution, one of Australia’s big four banks NAB has introduced a ‘no interest credit card’ that charges its customers a monthly fee. The ‘StraightUp Card’ by the NAB offers customers credit of up to $3000 and...
Milestone Group Reveals New APAC Managing Director
Trending in the latest fintech news, Milestone Group has named its newest Managing Director for the Asia Pacific (APAC) region. The fintech firm’s newly created position plays a key role in its revamped global strategy which places its APAC markets in the spotlight. The company’s...
