Fintechfun newsletter to 21 August 2024

A plethora of fintech news this week - it keeps coming!

Thanks to Outposter for continuing to support this newsletter.

Let's get straight to it:

• Zip Co has teamed up with Stripe to expand their Buy Now, Pay Later offering to all merchants within the Stripe U.S. network. Larry Diamond

• WeMoney announced they have launched BrightMatch. Brightmatch extends their partner platform to allow for better product matching, providing more certainty to WeMoney members on products they are eligible for, and importantly solve long standing challenges for financial institutions onboarding the customers quickly.

• Karl Durrance from Stripe announced that Stripe are now powering Stan. 's online payments and subscription billing.

• 苹果 announced it will be opening their NFC element on the Iphone to third party developers.

• Adatree announced the launch of Adatree Insights - an hashtag#OpenData powered Account Verification solution, setting a new standard in the fight against financial fraud. Adatree Insights leverages the CDR framework to offer real-time, secure account verification and balance checks.

• FinTech Australia a has appointed Katie Wilson , former Meta global Policy Manager, as its new Head of Policy, bringing over a decade of experience in law and policy to the role.

• Blossom App announced they had reached $80 million in funds under management.

• Safewill l announced a partnership with Mercer where Mercer Australia Superannuation?members will be able to access a free online Will from Safewill , with each will being reviewed by Safewill Legal

• DigitalX Limited (ASX:DCC) reported strong performance in July 2024, with its Bitcoin Fund increasing 7.5% and Digital Asset Fund rising 5.8%, outperforming the S&P Cryptocurrency Top 10 Equal Weight Index. The company's total funds under management reached AUD $39.9m, while its Bitcoin and digital asset holdings were valued at AUD $36.2m.

• LimePay has entered a two-year exclusivity agreement with Lessn to process their entire payment volume, currently around $50 million annually, using Limepay's payment gateway. Spenda

• humm group Limited reported their financial performance in FY24, with total receivables up 18% to $5.0b and a statutory net profit after tax of $7.1m, up 145%. The company's Commercial business grew with receivables up 26%, while the Consumer Finance segment showed improvement in the second half, driven by pricing initiatives, lower credit losses, and efficient cost management.

• BitBack announced that they have landed at Woolworths. Customers can earn Bitcoin every time they shop at Woolworths Supermarkets online. This is also in addition to your Woolworths Everyday Rewards points.

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