Weekly Summary to 10/9/2023

Another busy week in fintech - a small capital raising, an acquisition and a closure.

• x15ventures has acquired Waddle - in a Linkedin Post the company said "Bringing Waddle into x15 will further accelerate the growth of Stream, strengthening the bank’s digital lending capabilities, and help Waddle realise its ambitions to scale and support more small businesses "
• Upstreet announced their closure. In an email sent to customers "After four years in operations, I would like to inform you that we have taken the difficult decision to close down Upstreet. We will stop promoting and distributing the Fund and initiate steps to wind-up the Upstreet Fund. The Upstreet mobile application will also no longer be accepting investment instructions.”
• VietJet Air has become the first airline to accept surcharge-free payments using Azupay's solution for PayID. Australian customers booking tickets via vietjetair.com or the app can choose between paying via credit/debit card or PayID at checkout. PayID will be the only choice where the customer will not pay a surcharge for payment processing.
• Identitii advised the ASX that its recent Rights Issue closed on 30 August 2023 and raised $1,338,160 before costs.
• Douugh announced that it has 10236 active customers with over 100 "Spot" loans since inception of the product recently representing 400% growth MOM
• Funding.com.au (Funding) and Finsure have partnered to make Funding’s bridging, business and building loan products available to Finsure’s brokers who in turn can offer Funding’s unique lending solutions to their customers.