BPAY Group: Ranked 5th Best Place to Work in Australia
BPAY Group has been recognized the 5th Best Place to Work in 2020 in Australia by global research and consulting firm, Great Place to Work. The Australian fintech company BPAY Group earned this rank on the list of Best Places to Work in 2020 Study...
Fintech company ‘The Payment App’ to challenge global giants Square & PayPal
With the launch of its new payments platform, Australian fintech company ‘The Payment App’ will take on global competitors Square and PayPal. Interestingly, The Payment App is not the actually an app but the name of an Australian fintech company that has created a band...
Australian BNPL Afterpay loses its Chief Technology Officer to NAB’s UBank
Australian BNPL Afterpay lost its Chief Technology Officer (CTO) of 3 years, Jon Donoghue, to National Australia Bank. Donoghue has been appointed as the Chief Information Officer for NAB’s UBank and will sit within the bank’s Technology and Enterprise Operations division. He will be reporting...
Praemium to acquire wealth management platform Powerwrap for $55.6 million
Australian investment management company Praemium is set to acquire wealth management platform Powerwrap for $55.6 million through an off-market conditional takeover. Praemium already owns 15.1% shares of Australia-based Powerwrap and now it aims to buy out the remaining 85% via a $15 million term loan...
ME & Heritage Bank partner with Apple Pay for contactless payments
Australian financial institutions, ME Bank and Heritage Bank have announced they will offer Apple Pay as a payment method to their customer. Australia and New Zealand Banking Group was the first of the big 4 banks in Australia to allow Apply Pay as a contactless...
BNPL Afterpay raises $1.05 billion; founders offer $250 million of their stake
Australian buy now, pay later company Afterpay has raised $1.05 billion in capital to expand into new international markets and maintain the sales growth momentum. As a part of the capital raising, the fintech’s founders, Nick Molnar and Anthony Eisen will sell 10% of their...
QBE Insurance Australia partners with dorsaVi to use wearable technology insights
The Australia arm of QBE Insurance Australia has announced an alliance with wearable technology company dorsaVi. The partnership will give the insurance company access to dorsaVi’s wearable sensor technology and corresponding data insights. The wearable hardware and software features of dorsaVi are meant to reduce...
ACCC-backed Consumer Data Right for open banking goes live
The Consumer Data Right (CDR) has officially gone live and in its first phase, it requires financial services to share its customer’s data when requested by the customer. The scheme has been designed to give customers greater control over their data. The ACCC provided legislative...
Zeller secures $6.3m seed funding to enter the business banking market
Melbourne-based fintech startup Zeller has managed to secure $6.3 million in a seed funding round. The funding round was led by Square Peg Capital, an Australian venture capital firm. Paul Bassat, the VC firm’s co-founder and partner will be joining as a member of the...
ASX-listed BNPL Splitit stocks soar as it partners with Mastercard
On Thursday, buy-now-pay-later Splitit announced that it will be teaming up with Mastercard to accelerate the adoption of instalment payment globally. Soon after the announcement of the multi-year agreement with Mastercard, shares of the New York-based ASX-listed company Splitit soared by 108% at $1.375. More...
