2022 - All the fintech in Australia headlines for the year

That's a wrap for 2022 - feel free to share, comment or send any feedback :) HNY

In summary -

292 snippets of news

51 partnerships

48 product launches

39 raises

6 acquisitions (3 did not proceed)

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• Long term investing platform?pearler has launched “Hold” - a daily trading game ?? that is a passive investing lesson for about 1 minute each morning ????
• Sydney based?Grapple ?secured $35m in overall funding to continue to scale & maintain its current growth trajectory in to 2023. ?
• Brisbane based?Alex.Bank ?was granted a licence ??? to operate as an authorised deposit-taking institution (ADI) without restrictions under the Banking Act 1959.
• Sydney based equities trading platform?Superhero ?has demerged ??from?Swyftx to be owned by the original founders and investors.
• Adelaide based digital mortgage platform?Tic:Toc ?has raised $54m in their series D round. ??
• Equity Trustees ?will be launching a Portal in 2023 ?? to offer an accessible entry point for opening a philanthropic fund ??
• Yondr Money ?partnered ?? with?BillHero to allow customers to pay & monitor their energy bills ?? through Yondr. Bill Hero will then run a market-wide comparison on every bill received, so customers can get choice across the market ??
• ASX ?listed?Bendigo and Adelaide Bank announced their Unaudited cash earnings (after tax)1 year-to-date (YTD) of approximately $245m, is up 22% on prior corresponding period (PCP).
• Envestnet | Yodlee ?partnered ?? with?okke to bring bookkeeping ??? software to sole traders and the self-employed. ??
• Zip Co ?said ?? it “remains confident it has sufficient cash and liquidity to support the Company through to positive cash EBTDA in the first half of FY24.” ??
• Raiz Invest? launched the "Raiz Property Fund" - where users can now have access to Australian residential property in their portfolio from as little as $5 ????
• Sydney based?Livewire Markets ?acquired?Market Index ?to combine analysis ??from Australia's leading investment professionals with extensive market data ??research tools and scans.???
• Westpac ?announced they will invest ??? US$30 million in to?ShopBack ?that will allow credit & debit card ?? customers to access offers via a dedicated Westpac page in the ShopBack app ?? & website.
• Brisbane based?YouPay ?partnered with?My Room - Children's Cancer Charity ?to give affected children the ability to shop ??? online and allow donors to pay ???
• KOBA Insurance ?and?Ayla ?announced ?? a partnership ?? to allow users who manage their bills & finances via AYLA to apply for a quote for KOBA’s pay-per-kilometre car ???insurance automatically.
• ?Sydney based?Slyp? announced ?? they welcomed?Kmart Australia Limited ?&?Country Road Group ?to the Slyp network. ??
• ?Helen Keppe ?joined?Envestnet | Yodlee ?as their new Sales and Partnerships Lead
• ASX ?listed?Payright ?has announced a capital raising to raise up to $5.03 million via a placement and an underwritten entitlement offer.
• Online home loan marketplace?JOUST ?has partnered ?? with?Nectar Mortgages ?to provide Australian ???? borrowers with a fast, easy, seamless home loan application process ?? and also ensure a constant flow of lead generation for Nectar Mortgage brokers. ?
• Brisbane based?Ettle ?has successfully facilitated a pilot ?? transaction between business clients on its stablecoin infrastructure platform ?? using the digital Australian ?? dollar token "AUDE".
• Melbourne based?FrankieOne ?announced ?? they have raised $23m as part of an extension of their Series A to take the total funding for the round to $45m. ??
• Westpac ?launched a “Split Billing” function?? ?that enables hospitality merchants to allow groups to split a bill ?? so that each individual within a group can pay a portion of their bill. ??
• ASX ?listed?Wisr ?has secured a $25m institutional-backed debt facility. ??? ??CFO?Andrew Goodwin ?said "Given the current market conditions, diversification of scalable funding sources and balance sheet robustness is prudent."
• Commonwealth Bank ?launched a new credit score hub ??? to enable millions of customers to easily view & access their?Experian ?credit score ?? & personalised credit report, free of charge. ?
• Bendigo and Adelaide Bank ?announced their "BEN Express" digital home loan offering has hit $100 million of lending since inception. ???Tic:Toc ???
• Zeller ?announced a partnership ?? with?Xero ?to enable customers to feed their payments, transfers, & spending data from their Zeller Transaction Account or?Mastercard ?into Xero ?? ??
• Rate Money ?announced ?? they hit $4 billion in loan settlements, with over 4000 customers since their launch in 2019 ??
• David Thodey ?announced his resignation ?? as Chair of?Tyro Payments ?to be replaced by?Fiona Pak-Poy
• Commonwealth Bank ?announced ?? cash net profit after tax (NPAT) of $2.5 billion for the quarter ending 30/9. ???Matt Comyn , CEO said ???“In a competitive environment we remained disciplined and achieved good volume growth in our core markets”?
• Y Combinator ?backed?Wagetap ?secured a $15,000,000 senior secured receivable facility ?? from newly created?Rixon Capital ?to support their growth
• ASX ?listed?Zip Co ?announced they are now live ?? on?eBay Australia ?????
• Non-bank lender?Bridgit ?partnered ?? with?Finsure . The new partnership sees Bridgit join the aggregator’s lender panel ?? as its first tech-driven ?? bridging solution.
• Brenton Charnley ?launched????Open Finance Advisors ?, a consultancy to "help local and global ?? businesses make open banking and open finance a reality through the Consumer Data Right (CDR).?"
• Vanguard Australia ?launched their Superannuation product - 0.58% fees including a “Lifecycle” option to adjust growth v defensive ?? assets overlayed with your age ??
• Melbourne based?Thriday ?announced ?? they are partnering ??with?Regional Australia Bank ?to provide transaction accounts ?? to business customers.
• ASX ?listed?Xero ?reported their HY Result :Operating Revenue ?? : $658,000,512, Subscribers ??: 3,496,000, AMRR ?? : $1.480,912b, Free Cash Flow ?? : $ 15,000,569
• Raiz Invest? (once again) reached > $1b FUM with >670,000 active customers. ?\
• Novatti Group (ASX:NOV) ?was issued ?? a RADI for their "International Bank of Australia" ??.
• Westpac ?announced ?? that over 720,000 users interacted with their embedded “Personal Financial Management” feature ???? since launch in Sep 2022.
• Bill tracking app?Ayla ?announced ?? their EOI via crowd-funding platform?Birchal ???
• Savings platform?Blossom App ?reached $25m in funds under management
• ASX ?listed?MONEYME ?has appointed an investment bank to assist with a growth strategy for their Autopay ?? product & reduce their debt facility. ??
• Sydney based?Greener ?raised $4M AUD in funding led by?NAB Ventures ?&?RealVC ????
• ?Commonwealth Bank ?partnered with?More ?to launch Mobile SIM Plans ?? to help customers with the cost of living and rising bills. ??
• ASX ?listed?Wisr ?announced ?? a trading update :Prime Loan Book ?? $885m, Quarterly Revenue $21.2m ??, Quarterly Originations of $186m ??
• Wisr also launched “Wisr Today”Australia’s ???? first money coaching app ?? that uses psychology & behavioural science ?? to help users build smarter habits & improve holistic financial health.???
• ?Plenti ?reported their Q2 FY23 results : Loan portfolio of $1.55 billion ??, Revenue of $33.3 million ??, Quarterly loan originations of $269m ??
• Judo Bank ?announced their loan book ?? is at $6.8b with a a target ?? of $9b being "half way to achieving our medium-term metrics at scale" ?
• ?humm group ?gave a 1Q23 business update ??:Consumer Finance ?? volume $601.7m, Cards volume ?? $296.5m, BNPL big ticket ?? up 8%, small ticket ?? down 11 %
• Embedded finance platform?Nine25 App ?launched their investment EOI on?Equitise ?????
• Commonwealth Bank ?partnered ??with?Griffith University ?to create a new academy to offer financial crime investigation & compliance programs.??
• Athena Home Loans ,?Mortgage Choice ?&?REA Group ?partnered ?? to offer innovative white-label home ?? loans ?
• Sydney based?Brighte ?have announced ?? they have helped Australian’s use $1,000,000,000 ($1b) towards sustainable home ?? improvement. ?
• Tanggram ?launched their EOI for their crowd funding raise via?Birchal ???
• ASX listed?Tyro Payments ?confirmed it has received approaches from several parties expressing interest in a potential change of control transaction, including?Westpac .
• ASX ?listed?Zip Co ?updated the market : Group quarterly revenue of $163.2m ??Transaction volume for the quarter of $2.2b ??, Customer numbers for the Group of 12.0m ??, Active Merchants on the platform increased to 94.1k ??
• bit.leave ?launched in Australia ???? to help organisations reduce excess leave liabilities whilst also rewarding employees with more time off ??or more money ??
• Long-term focused wealth retail management platform?pearler ?launched ?? "Pearler Exchange" - an online forum for investors to chat ??, ask questions, test ideas ??& share experiences ?? in a professionally moderated general advice environment.
• NAB ?announced the launch of lower ?? variable rates for eligible home loan customers on homes that meet energy efficient criteria. ?
• Airwallex ?has raised an additional US$100 million in a Series E2 financing round with the same US$5.5 billion valuation. ??
• Sydney based?Cape ?has partnered with?Codat ?to automate ?? accounting ?? administrative tasks at scale.
• Byron bay based?Zepto ?has announced ?? their launch in to New Zealand ???? ?
• NAB ?has launched "Easy Tap" that turns your Android device into a payment terminal to accept contactless card payments ???? - whilst also launching "NAB Messaging " for customer chat on web and mobile
• ASX ?listed?Tyro Payments ?has updated its earnings guidance range for FY23 :Forecast transaction value retained at between $40 billion to $42 billion ?? EBITDA Range $28m-$34m ??
• Zip Co ?announced their Co-founder and Global CEO?Larry Diamond ?was moving to New York ???? to help "spearhead Zip's next phase of growth in the US"
• ASX listed?Tyro Payments ?has provided their monthly transaction summary ?? September : $3.529b (+63%) September YTD : $10.367b (+59%)
• Raiz Invest? released their September 2022 Metrics - 671,243 active customers, $976.57m FUM , 3,080,855 Customer sign ups
• Zeller ?has released their Tipping Report?? - with QLD being the state with the most frequent tippers
• B4REAL - Buy Real Estate With Crypto ?outlined their brand new lending product that allows customers to use your crypto as collateral
• MyState Bank ?announced they will be increasing their interest by 0.40% on their flagship Bonus Savers account
• Sydney based?Shaype ?has raised A$33m??to accelerate growth, with particular focus on expanding the team to support a full pipeline of Australian clients, as well as international ??expansion. ?
• Melbourne based SME automation fintech?Thriday ?has raised $6m to scale by onboarding their 11,000 waitlist & launch new features such as BAS lodgement & automated bill management ????
• ASX ?listed?Tyro Payments ?has provided their monthly transaction summary September : $3.529b (+63%), September YTD : $10.367b (+59%)
• Sydney based?Shaype ?raised A$33m??to focus on expanding the team to support a full pipeline of Australian clients, as well as international ?? expansion. ?
• Melbourne based SME automation fintech?Thriday ?raised $6m to scale by onboarding their 11,000 waitlist & launch new features ??
• Paytron ?the full-suite workflows & spend management platform secures a $250,000 SAFE note from?Commonwealth Bank 's venture-scaling arm?x15ventures ?as the winner of the Xccelerate 2022 program ??
• ?Envestnet | Yodlee ?partnered with Sydney based?Lumiant ?to power their expansion to new markets including Australia ???? and the United States ????
• ? Salary on subscription platform?Nine25 App , launched their Equity Crowd Funding EOI round via?Equitise ???
• ??George Lucas ?, current founder, MD & Joint Group CEO (International), of?Raiz Invest? will be leaving the organisation.
• ? Brisbane and SF based fintech?Jacobi ?raised $10m USD in a Series A round led by?QIC ??
• ??Paytron ?,?YouPay ,?Cape ,?Persollo ?and?FIN-PAY ?were selected as the final 5 in?#Xccelerate22 ?run by x15ventures ??
• ?Marmalade ,?Paytron ?and?Amaka ?were announced ?? as the Emerging App of the Year finalist for Xero Awards Australia FY23
• Sydney based?Grapple ?announced they are seeing 174% QOQ Revenue Growth ?? and have processed >115k invoices ??
• ?ExtrasJar ?announced they have raised their minimum amount of funding using?Birchal ?- and has currently raised >$260k
• Pay and benefits company?Flare ?announced they were acquired by?MYOB ???
• Sydney based?Greener ?partnered ?? with the?Australian Retailers Association ?to help build a digital solution that will assist thousands of SME's in Australia ???? build their own personalised pathway to net zero.0??
• Growth funding platform?Fundsquire ?reached $110 million AUD?in funding to 250+ clients across 3 countries. ??
• ?ASX ?listed?Tyro Payments ?appointed?Jonathan Davey ?as the new incoming CEO. ??
• ?Commonwealth Bank ?enabled "PayTo" , while also launching "Fuel Finder" available to 250,000 New South Wales residents to predict when they may next need to refuel ??
• ?Hello Clever ?partnered with?AMR Hair & Beauty Supplies ???to be one of the first ever merchants in Australia to go live with PayTo ??
• ?Superhero ?launched ?? Auto investing allowing you to invest in shares & ETF's on a recurring basis. ??
• ?pearler ?launched Automate v 3 ??, a convergence of open banking and investing as well as round up feature for investing ??
• ?ASX ?listed Tyro Payments rejected a an unsolicited, non-binding & indicative proposal to acquire them for $1.27 per share. ???
• ?FinTech Australia ?ran their annual fintech festival called Intersekt in Melbourne with over 60 panel/Roundtable sessions in 2 days ????
• Micro investing platform?Blossom App ???increased targeted returns to 4% p.a. after the recent cash rate increase.
• Sydney based?upcover ?launched their instalment program for insurance policies ??
• ?ExtrasJar ?launched their EOI phase for their crowd-sourced funding via?Birchal . ??
• ??Bendigo and Adelaide Bank ?owned?Up ?launched a "Locked" ??Savers function ??
• ?Karta Gift Cards ?launched their new platform called 'Karta Cards'. This enables every business everywhere to issue & process Gift Cards ??.
• ?ASX ?listed?Wisr ?announced their FY result: Revenue ?? : $59m, New Loans ?? : $611m Total Loans ?? : $1.2b
• ?Tyro Payments ?provided their FY Result: Transaction Volume ??: $34.2B, Merchants ?? : 63,770, Loan Originations ??: $99.1m , EBITDA ??: $10.7m
• Sydney based expense management platform?Cape ?launched ?? “Cape Spend “ to help empower employee spending ??
• Sydney based?Hello Clever ?has raised $4.5m to build the next generation of payment & rewards ????
• ?ASX ?listed?Zip Co ?reported their FY result : TTV ?? : $8.7b, Customers ??: 11.4m, Merchants ??: 90,700 Group cash EBTDA ??: ($207.0m)
• Sydney based?EasyRentANZ ?has recently surpassed $1m in rent ?? payments in Sydney and is now at $1.13m ?
• Micro investing platform?Raiz Invest? released their FY22 Update: Revenue ??: $18.7 million, Global Active Customers ?? : 652,702, Annual Recurring Revenue ?? : $14.7 million
• Heartland Group has entered into a non-binding MOU with Avenue Hold Limited in relation to the potential acquisition of Avenue Hold & its subsidiary?Avenue Bank ???
• ?Bendigo and Adelaide Bank ?announced ?? that?Up ?has now over $1b in deposits & 550,000 customers ??
• Sydney based?Paytron ?partnered ?? with?J.P. Morgan ?which will enable customers to access localised banking in even more countries whilst increasing their processing capability.??
• ?Super Obvious , an ethical savings & investing app ?? launched to the public.
• ?Crypto.com ?&?DataMesh Group ?partnered to launch Australia’s ???? first in-store ?? cryptocurrency payments across more than 440 of?Peregrine Corporation ?retail outlets ?
• ?Bridgit ?partnered with?REA Group ??? as part of their marketplace offering.
• ?ASX ?listed?Xero ?held their AGM where they summarised the year - 3.2m customers , $1.096b revenue , $212.7m ebitda ??
• ?Judo Bank ?provided their FY result : Lending portfolio ??: $6.1b, Pro-forma before tax ??: $15.6m
• The?7th Annual FinTech Awards 2022 ?were held in Sydney ?? with 22 winners announced.
• ?Commonwealth Bank ?reported their FY Earnings: Cash NPAT??: $9.5b, Digital Customers ?? : 8m, Commbank App Customers ??: 6.9m
• Sydney based investing platform?Blossom App ?announced ?? they have $22m in FUM & > 6000 Customers ???
• ?Openpay ?provided a trading update for July: TTV ?? : $39.9m , Revenue??: $3m Active Customers ??(total) :323,000, Active Merchants ??(total) : 4100
• ?EasyRentANZ ?hit $1,000,000 in rental ??payments through their platform.
• ?ASX ?listed?Butn ?saw record monthly originations of $31.5 million & secured a further $5m of funding ??
• Gold coast based?Send Payments ?partnered ?? with?PEXA ?to allow multi-currency ?? property transactions quickly and cost effectively ??
• ?Up ?launched “Maybuy” allowing customers to create an automated savings plan for individual items they've found shopping online – dubbed a “Maybuy” ???
• ?Wagestream ?partnered with micro-savings platform?Blossom App ???to offer employees a way to grow their savings by giving them access to the Blossom Fund. ??
• ?ASX ?listed?Raiz Invest? announced they have 660k active customers ?? ??and north of $1b in FUM
• ?Touch Ventures ?said they have $63m cash on hand to selectively support its existing portfolio & to consider new opportunities ??
• Debt recovery solution?InDebted ?raised $22.5m to grow their R&D team & deploy new features ?? ?
• ?Westpac ?announced they will be launching a digital mortgage ?? product that allows customers to be unconditionally approved starting from 10 mins ?
• ?Wisr ?announced their Quarterly result : 4Q Revenue $17.6m, 4Q Originations ?? $186m , Total loan book ?? $1.2b
• ?Raiz Invest? updated the market for Q4: 4Q Revenue $4.3m ??, ARR $14.7m ??, Global Active Customers 652,702 ??, Total Australian FUM $940m
• ?MONEYME ?provided a 4Q update ??: Gross revenue of $55m ??, Gross customer receivables of $1.4b ??, Originations of $334m ??
• Payments as a service platform?mx51 ?raised $32.5m in their Series B round ??
• Sydney based?Futurerent ?raised $9m in Series A funding ?
• ?ANZ ?has announced they are acquiring?Suncorp Group ’s banking business for $4.9b ??
• ?Bendigo and Adelaide Bank ?owned?Up ?launched to the public details around their digital home loan product called “Up Home” ??
• Sydney based?Refundid ?closed their seed ??round, raising $12m including both debt & equity
• Share based loyalty platform?Upstreet ?partnered with Maggie?Maggie Beer Holdings ?to offer fractional shares in the company with each loyalty purchase ??
• Salary as a service company?Nine25 App ?have launched their platform to private beta users ??
• ?ASX ?listed?Zip Co ?provided a market update for Q4, Revenue ??: $ 160.1m , Transaction volume?? : $2.2b, Customers ??: 12m , Merchants ??: 90.7k
• Brisbane based education payments provider?Cohort Go ?announced they have been acquired by Nasdaq listed?Flywire ?????
• Sydney based?WeMoney ?announced they have raised $7.0m??to support their vision of financial wellness for all Australians???? ?
• ?ASX ?listed?butn ?achieved $1b in cumulative originations since 2015 ??
• ANZ ?has confirmed it is in discussions ?? with?KKR & Co. Inc. ?about a potential acquisition of?MYOB ???
• Melbourne based?Archa ?have announced ?? a Fast ??receipt?? upload feature with?Xero ?helping businesses collect & automate ?? expenses.
• ?Zip Co ?&?Sezzle ?terminated their merger agreement. ??
• ?Zip Co ?owned?Pocketbook ?made the decision to close the app ?? & web service?? effective 5 August 2022.
• ?ASX ?listed?Judo Bank ?announced ?? their 30/6/22 gross loan and advances book was $6.09b??
• Sydney based?Adatree ?launched the world’s ?? first Open Data marketplace called “Adatree Exchange” ??????
• Monoova ?merged ?? their business with?Moneytech ?FX retaining the name “Monoova” ??
• ?Super-Rewards ?announced they are now live “in-store” at over 300 retailers representing >1000 stores. ????
• Brisbane based?Bloom Impact Investing ?announced they have $1m of funds invested in climate solutions ??since launching 3 months ago.
• Sydney based?upcover ?raised $2.7 million in equity & $2.0 million in debt ???
• Volt Bank ?announced it is closing their deposit taking business & intends to return its banking licence.
• Sydney based investing platform?pearler ?raised $7.8mto Invest in data, growth & engineering & launch Autoinvest 2.0.
• ?Robbie Cooke , CEO of?ASX ?listed?Tyro Payments ?resigned to become MD & CEO of?The Star Entertainment Group ?
• ?Envestnet | Yodlee ?partnered with?Ayla ?to access to?#openbanking ?data under the CDR & Support upcoming launches overseas
• FinTech Australia ?hosted their Finnies awards during the week with?Simon Cant ?introduced in to the “Hall of Fame”
• Sydney based?Parpera ?announced it has achieved 500 subscribed business members within 3 months of their debit card launch
• Brisbane based?YouPay ?announced their first offshore customer in?KILLSTAR ?opening up the United States & European Union as new markets.
• ?ASX ?listed?Zip Co ?provided a market update “We acknowledge that while we are not immune to market volatility, there remains significant opportunity for Zip and Buy Now, Pay Later products in a heightened inflationary environment.”
• humm group ?announced it has a unrestricted net cash position of $132m & an undrawn syndicated debt facility of $110 million
• ?Kit ?- a platform assisting parents & children on the education process of money launched in the App Store
• ?ASX ?listed?Openpay ?updated some metrics for May 2022 :TTV?: $33m, Revenue : $3m, Active Customers : 317,000, Active Merchants : 4000
• Sydney based?Wisr ?priced a $250M ABS deal at 2.23% over 1-month BBSW to reduce the cost of funds
• ?humm group ?&?Latitude Financial Services ?announced the termination of the proposed sale of Humm’s Consumer Finance Division
• Brisbane based?Swyftx ?& Sydney based?Superhero ?agreed to merge creating a digital financial company with 800k customers.
• ASX ?listed?Judo Bank ?announced ?? they have had lending growth of $180m for the month of May & a loan book & advances in total of $5.74b
• ?Macquarie Group ?announced they are increasing the variable interest rate customers earn on their transaction account to 1.50% p.a. on balances up to $250k
• ?Westpac ?announced an exclusive partnership with?MYOB ?providing eligible business customers with a bonus 12-months of the MYOB Business Lite or Pro software.
• ?Basiq ?&?Zepto ?formed a partnership to combine data & payments on the Basiq platform
• ??Cape ?partnered with?GoCardless ?to streamline recurring & one-off payments & will be amongst the first to roll out PayTo instant account-to-account payments.
• ?Raiz Invest? released some metrics :Investment accounts: 1,447,679 ,Active customers: 648,349 , FUM: $1.007b
• ?Spriggy ?announced a capital raising extension of $10m from their Series B late last year to a total of $45m to grow the member base & develop more products & features to help parents teach kids about money.
• ?humm group ?announced that the “Majority Directors believe that HCF’s current performance, the existing market environment, and the strategic imperative of scale reinforce their view that the HCF Sale (to?Latitude Financial Services ) is a highly compelling value proposition for all Humm shareholders”
• ??ASX ?listed?Laybuy ?announced their FY22 update with GMV up 47 %, customers up 23%, merchants up 50%
• Tyro Payments ?surpassed $30b of transaction value?for the financial year - the first time since inception
• ?NAB ?launched their Buy Now Pay Later product allowing customers up to $1000 of payments split in 4 - with no late fees, no interest & no account fees.
• ?ASX ?listed?Openpay ?raised $18.25m to help accelerate the company to profitability??
• ?Tyro Payments ?announced they have hit $29.8b of transactional value this FY v $22.09b at the same time last year.
• Pushpay ?advised that it had received “unsolicited, non- binding and conditional expressions of interest or approaches from third parties looking to acquire the Company”.
• UNO Home Loans ?partnered with?Acacia Money ?overlaying climate scores with lenders to enable home loan customers to choose a home loan that’s better financially & for the environment
• ?Commonwealth Bank launched?Unloan , a digital?homeloan & on the same day launched?Kit ?, a money app & digital informational tool for kids
• DataCo Technologies ?launched out of?1835i ?ventures. The DataCo Collaboration Platform allows organisations to connect & collaborate on customer data.
• Sydney based?Amaka ?partnered with?MYOB ?to deliver their range of e-commerce accounting integrations
• ?ASX ?listed?Zip Co ?went live with their partnership with?Qantas ?as well as announcing ?? they have gone live with US based?Best Buy
• Sydney based?Nano Digital Home Loans ?announced they have been shortlisted for the?AFR BOSS Most Innovative Companies ?awards
• ?InDebted ?announced they are launching in the UK to support consumers with a better solution to managing debt and improving their financial wellbeing.
• ?ETF Securities AU ?launched the first Bitcoin & Etherum ETFS with trading commencing on?Cboe Australia ?
• Wpay ?launched “everyday pay” incorporating payments , gift?cards and rewards all in one place.
• Melbourne based?Archa ?partnered with?Google ?to allow clients to obtain a?Google Ads ?consultant to provide tailored advice on how to optimise advertising budgets & run successful campaigns.?
• Zeller ?launched the “Zeller Contact Directory “ to allow their 13,000 plus merchants to strengthen relationships, identify opportunities & get better oversight of business spending
• Sydney based Agtech & Fintech?AgriDigital ?raised $25m & has hired?Andi Mastrosavas ?as their Chief Product & Growth Officer.
• Brisbane based?FSCO - Fresh Supply Co. ?used DeFi to finance beef trade between Australia & Hong Kong using stablecoin in partnership with?Mastercard ?&?MakerDAO
• Sydney based?Amaka ?acquired InView. InView allows invoices & bills to be automatically fetched from your accounting software & synced to your app or?Slack .
• ??FinTech Australia ?announced the finalists for the?#Finnies2022 ?- over 125 finalists were announced for an in person event on June 23
• Sydney based Hay Group rebranded to the name?Shaype .
• Brisbane base?Swyftx ?launched “Earn” allowing customers to earn interest on eligible cryptocurrencies held in their trading wallet.
• ?Novatti Group (ASX:NOV) ?launched a stablecoin called “AUDC” - a digital representation of the Australian dollar
• Stake ?raised an additional $50m from their $40m Series ($90m in total) for product development and marketing purposes.
• ??Basiq ?&?FrankieOne ?announced a strategic partnership combining Basiq’s financial data insights?with FrankieOne’s identity, onboarding & fraud prevention solution.
• WeMoney ?&?Envestnet | Yodlee ?inked a global partnership to help WeMoney customers improve financial wellness and increased transparency using Open Banking and CDR.
• ASX ?listed?Wisr ?announced they have surpassed $1b in loan origination since inception.
• Sydney based blockchain platform?Lygon ?raised $12.7m to support growth in the energy, mining, infrastructure & utilities segments. (Last week)
• Melbourne based?Archa ?raised $4m in equity as well as securing a $20m debt facility to support growth & product development
• Brisbane based Supply chain & embedded finance company?Fresh Supply Co. ?raised $4.8m to build out their platform + expand globally
• Cricket Australia ?&?Australian Cricketers' Association ?have partnered with?BlockTrust ?&?RARIO ???to bring “eco-friendly digital collectable NFTs to Australian cricket?fans.”
• Melbourne based crowd funding platform?Birchal ?raised their maximum target of funding being $3m
• FinClear ?launched FCX - an platform to service the needs of unlisted emerging companies.
• ?Sydney based?Athena Home Loans ?won the the?Deloitte ?Technology Fast 50 Rising Star Award
• ??Amaka ?partnered with?DocuSign ?as part of their integration with?Xero -allowing for automation & syncing docs
• Envestnet | Yodlee ?announced they now have >100 Data Holders in Australian Open Banking
• ASX ?listed?Openpay ?released some metrics: ANZ revenue $7.5m (Q3) , active customers 313k , active merchants 4,300
• Raiz Invest? partnered with?Montessori Australia ?to assist with financial literacy curriculum for school students
• Byron Bay based?Zepto ?raised $25m to accelerate their Australian operations as well focusing on a international strategy.
• Sydney based payment solutions & data analytics company?DataMesh Group ?raised $12m to scale both locally & offshore.
• Surfers Paradise based?funding.com.au ?raised $37.5m - $35m debt and $2.5m to continue to scale operations & product
• Brisbane based?Bloom Impact Investing ?launched Bloom gives access to clean energy infrastructure assets that were not accessible to retail investors.
• Fupay ?partnered with IGA, Foodworks &?United Petroleum Pty Ltd ?to allow cash flow money management solutions for purchases.
• ASX ?listed?Change Financial ?partnered with?Mastercard ?in an exclusive 6 year deal for direct issuing
• Melbourne based?BTC Markets ?partnered with?Mastercard ?to give investors greater confidence in trading & depositing fiat
• “Blockchain Week” by?Blockchain Australia ?concluded with over 200 speakers across multiple cities in Australia
• Noosa based Share Rewards platform?Upstreet ?raised $3m for future growth.
• Decentralised finance platform?Minke ?raised $650,000 to support their public launch & scale their team
• Melbourne based crowd funding platform?Birchal ?announced they have raised over $100m in capital since inception
• Coinspot announced they are allowing NFT trading using any of their 350 cryptocurrencies
• Sydney based?Cape ?raised $3.1m in equity & $30m in debt to scale their team & Corporate Credit Card offering.
• Sydney based?Bridgit ?(formerly TechLend) raised $7.7m to scale their team, invest in tech as well as to focus on the broker channel
• Bendigo and Adelaide Bank ?owned?Up ?launched “Zap” - a digital only debit card
• Raiz Invest? released some metrics : 63 % FUM has a balance <$10,000, $191m invested in Super up 136% YOY
• Melbourne based?Mr Yum ?launched ‘Split & Pay’ allowing customers to pay the bill at the end of a meal & split it between guests.
• ASX ?listed?Tyro Payments ?released their weekly trading update : March YTD volumes up 33 % to $22.432b , March to March 1 YOY up 39% to $1.085b
• Parpera ?launched their business debit Mastercard for Australian Sole Traders
• BidFin ?launched a product allowing MSP’s & ISV’s to be pre-funded ?? against future Monthly Recurring Revenue Contracts.
• Sydney based?Immutable ?raised $200m (USD) in Series C funding to make NFTs mainstream through blockchain games & more
• ASX ?listed?Xero ?partnered with?Qantas ?to allow users to earn between 7,000 & 21,000 Qantas Points when signing up for selected Xero certified app partners via the Xero App Store.?
• Touch Ventures ?announced they invested $500k in?Her Black Book ?(as part of the $1.6m raise last week) which specialises in women’s fashion , beauty and lifestyle brands.
• Gold Coast based?Cake ?raised $2.2m to launch globally backed by?Jason Calacanis ?&?Rampersand ?
• Sydney based?Super Fierce ?launched?to the public - with the ultimate goal to make appropriate, affordable advice accessible to every woman in Australia
• Melbourne based?Zeller ?raised $100m at a valuation >$1b?led by?Headline ?alongside?Hostplus ?
• ASX ?listed?Zip Co ?&?Sezzle ?announced a merger whereby Zip has agreed to acquire Sezzle in a all scrip transaction valued at $491m
• The?New Payments Platform (Australia) ?announced they have just surpassed 10m registered PayIDs.
• According to the State of Australian Startup Funding 2021 by?Cut Through Venture ?&?Folklore Ventures ?25% or $2.5b of funding was in the?#fintech ?sector - the highest sector of investment by 2.5x.
• Blockchain Australia ?found a home for Day 3 of their Blockchain Week - the AFL -?AFL - Australian Football League ’s?Marvel Stadium ?Talking all things?#nfts ?#metaverse ?&?#gamefi
• ASX ?&?NYSE ?listed?Block ?reported their 4Q earnings in the US seeing their share price up c33 % locally.
• Sydney based?tiiik ?raised $5.2m to accelerate product development, go-to-market & launch in key global markets
• ?Touch Ventures ?announced their 1H results: with Investments in?Basiq ,?Till Payments ?,?preezie ?&?Refundid ?- they also have cash of $78.7m for future investments
• ??Cointree ?announced they partnering with the?Melbourne Storm ?
• ??Revolut ?launched a share trading feature for Australian customers allowing them to invest in >1000 companies listed on the NYSE &?Nasdaq
• Judo Bank ?provided their 1H results :Gross Loan Book $4.85b , Underlying NIM 2.73 %, Pro Forma Profit Before Tax $3.0m
• ??Zip Co ?announced their interim 1H results :Record Revenues $302m , Record TTV $4.5b ,Customers 9.9m , Merchants 81,800
• Brisbane based?Swyftx ?inked a 3 year partnership with the?National Rugby League ?including naming rights to the Bunker in 2023
• ?Bendigo and Adelaide Bank ?owned?Up ?announced some metrics : 460k customers ,>$1b deposits, ~1.9m accounts created
• Gold Coast base?Send Payments ?partnered with?Finsure ?to enable its brokers & clients to transfer money overseas
• SelfWealth ?partnered with?BTC Markets ?to become the first Australian online share trading platform to offer cryptocurrency investing
• Prospa. ?announced record half year originations of $315.2m , record revenue of $78.5m , & a buyback of up to 10 % of their shares
• Suncorp Group ?launched their “Banking you can feel good about “ campaign across TV, Cinema , Digital , Social & Outdoor
• A?Coinbase ?ad featuring just a floating QR code during the Super Bowl saw more traffic than they’ve ever encountered
• Tyro Payments ?provided their 100thconsecutive weekly COVID-19 Trading update: Feb YTD Transaction Volume Up 32%
• Sydney based?Slyp? raised $25m in their Series A round to fund future growth
• Revolut ?secured their Australian credit license.
• Commonwealth Bank ?acquired 20% of Brisbane based payments company?Paypa Plane ?for an undisclosed sum
• Sydney based?Immutable ?partnered with?NYSE ?listed?GameStop ?to establish a $100m fund around NFT’s.
• WeMoney ?officially became accredited as an unrestricted Accredited Data Recipient (ADR) under the Consumer Data Right
• Australian Payments Plus ?launched which brings together BPAY Group, eftpos and NPP Australia ??
• FinTech Australia ?announced?Andrew Porter ?as their new CEO.
• US focused BNPL platform?Zebit ?announced they intend to de-list from the?ASX .
• AirTree ?announced a $50m fund focusing on DeFi, NFTs and DAOs.
• Sydney based?OwnHome ?raised a $31m Series A round - delivering a new path to homeownership
• FinTech Australia ?launched a comprehensive, free and interactive?#fintech ?ecosystem Map
• ASX ?listed?MoneyMe Limited ?announced $25m revenue and $269m of originations for the Quarter
• Block ?welcomed?Afterpay ?to their group and switched on the Afterpay feature to existing sellers
• Instant ?raised $2.2m in a pre-seed round to help build a frictionless economy
• Nick Bell ?&?Lisa Teh ?launched?Mooning ?to help NFT projects & navigate the world of blockchain
• Sydney based?Refundid ?partnered with?Thread Together ?to allow customers to donate $1 of their refund?to?go 100% to Thread?Together
• ASX ?listed?Wisr ?announced 140 % revenue growth & $136m of loan originations for the Q
• Zip Co ?confirmed it is in discussions for a potential acquisition of?Sezzle ?
• butn ?partnered with?Freightlancer ?to provide automated end to end business transaction funding
• Tyro Payments ?announced they are up 31 % YTD for transaction volume
• Block ?listed on the?ASX ?under the code “SQ2” whilst the bourse said goodbye to?Afterpay ?- the youngest ASX Top 20 company.
• Cashrewards ?ceased trading on the ASX following their takeover by?1835i ?
• Zip Co ?provided a market update - 9.9m customers , 2.6b transactional volume , 81.8k merchants
• The ASX welcomed Sydney based?Beforepay ?opening at $2.50 v the IPO price of $3.41
• Financial wellness app “Experity” part of?Experity Capital ?had $250m worth of assets linked to the app in its first 5 days
• ?FTX ?was named as the official naming rights sponsor for the Australian Blockchain Week to be held in March this year.
• Sydney based?Blossom App ?reached $15m in funds under management
• Crypto.com ?partnered with the?AFL - Australian Football League ?to be the Official Crypto Exchange & Trading Platform & the Naming Rights Partner: "Crypto.com ?AFL Score Review"
• ?Sydney based?Immutable ?announced they’ve hit more than $100M+ USD of NFTs traded GAS-FREE on?#immutablex ?
• Tennis Australia ?launched the AO Art Ball NFTs bring together sport, art, technology & data in a unique way, giving people an opportunity to own a piece of the Australian Open
• NAB ?intends to acquire 100 % of the shares in?LanternPay ?to combine their technology with?HICAPS ?
• Afterpay ?announced that?Block ?has now received approval from the Bank of Spain in respect of the acquisition scheme. The implementation is set for 1 February
• Blockchain Australia ?announced the biggest event in Australian Blockchain Industry history being Australian Blockchain Week
• ?ASX ?listed?humm group ?received a proposal from?Latitude Financial Services ?for the purchase of its BNPL, instalment, & credit card operations for cash & scrip equating to $335 million.
• Tyro Payments ?appointed?Shefali Roy ?&?Claire Hatton ?to their board