Category: News-Automation

B783 London-headquartered mobile payments firm SumUp has announced the acquisition of Paysolut, a core banking solutions provider. Post the acquisition, Lithuania-based Paysolut will remain an independent company, from the management point of view. It will also have access to a massive customer base of 3...

Australian buy now, pay later fintech Limepay is on an ‘all-hands-on-deck’ mode as it is progressing towards its listing on the Australian Securities Exchange. The fintech has managed to raise about $30 million in the past 1 year to add 7 high-profile hires to the...

Melbourne-headquartered National Australia Bank (NAB) has agreed to acquire Australian neobank 86 400 for about AU$220 million and combine it with UBank, NAB’s very own digital-only bank. Moreover, the bank already owns a minority stake in 86 400 of approximately 18.3%.  NAB said that the...

x15ventures, a scaling entity of Commonwealth Bank of Australia announced two significant appointments – Mr Ben Heap, who has been appointed as the first independent and Non-executive Chairman of x15ventures and Ms Jane Martino, the first External Portfolio Manager at x15ventures. The ‘x’ in x15ventures...

ASX-listed regulatory technology firm Kyckr Limited has announced a partnership with Australia’s leading fraud-prevention platform provider for fintechs, banks and financial institutions, FrankieOne. Through this partnership, clients of FrankieOne will get access to primary-source corporate information through the global registry network of Kyckr for their...

After careful investigation, the Australian Communications and Media Authority (ACMA) has found Australian e-tailer Kogan breaching the Spam Act. ACMA says the company sent over 42 million email marketing newsletters without an easy way to opt out or unsubscribe.  Kogan Australia has agreed to a...

MYOB, an Australian fintech MNC has announced a partnership with WEX, a US-based fintech services provider. Through this partnership, the two companies aim to deliver B2B payments for Aussie businesses. The partnership will give WEX customers access to the business payment platform of MYOB to...

Buy-now-pay-later player in Australia, Zip has raised almost double it seeked out to raise in its Share Purchase Plan (SPP). The fintech raised over $10 million new shares amounting to $56,739,524. Zip had set out to raise about $30 million via the SPP, however due...

Australia-based next-generation BNPL firm, Beforepay raises $9 million in a pre-IPO capital raising. The buy now, pay later firm capitalizes on the momentum in the sector and the round was led by Sydney-based VN fund Alium Capital. The funding round also attracted various other existing...

Bright, an Australian green energy fintech platform has raised $100 million to take a plunge into energy retailing. The funding round was led by a family investment firm run by Annie Cannon Brookes, Grok Ventures. Katherine McConnell, CEO and Founder of Brighte said the capital...