Australian startups CurrencyVue and Assembly Payments selected to develop global fintech solutions at Singapore competition

Two Australian fintech startups will be showcasing their skills on a global stage in Singapore next week, having been selected among five finalists to take part in a global fintech industry challenge. CurrencyVue and Assembly Payments beat out nearly 70 entrants from around the world to take part in the SWIFT gpi Industry Challenge, which … Read more

BITCOIN ATMS TO BE ROLLED OUT ACROSS AUSTRALIA

Australian ATM provider Stargroup has entered into a joint venture with blockchain technology company DigitalX to roll-out ‘two-way’ Bitcoin ATMs across its global network, commencing with Australia. At present, there are only 16 ATMs in Australia that can facilitate a Bitcoin transaction. A vast majority are one-way ATMS, meaning users can only acquire Bitcoin to … Read more

INABILITY AMONGST AUSSIE SMES TO ACCESS CREDIT ‘DEEPENS’ ECONOMIC DOWNTURNS, SLOWS RECOVERY

The growth of SMEs is being significantly restricted by their inability access credit readily, according to the results of a survey commissioned by fintech lender GetCapital. The Businessloans.com.au Small Business Credit survey was completed by 611 SMEs, defined as businesses with between 5 and 250 FTE, with an average minimum revenue between $50,001 and $250,000. It revealed that … Read more

A Sydney fintech that gives kids their own Visa card just raised $2.5 million of funding

An Australian fintech that’s created a system to help parents manage their kids’ pocket money has closed a $2.5 million investment round. Spriggy’s capital raising was led by Sydney’s Alium Capital, which has featured in several prominent startup funding rounds this year including Unlockd ($30.8 million), HealthEngine ($26.7 million) and Nitro ($US15 million). Alium was backed up by Perle … Read more

Australia Post partners with AlphaPaymentsCloud to launch online ecommerce hub

Australia Post has announced a new partnership with global fintech AlphaPaymentsCloud that will see the development an integrated ecommerce platform designed to help local retailers trade and compete online. Named the ‘AlphaCommerceHub’, the platform will provide an exclusive application programming interface (API) allowing merchants to easily connect to a range of services such as payments, … Read more

Sydney fintech startup Spriggy raises $2.5 million to change the way parents give their children pocket money

Sydney-based pocket money management startup Spriggy has closed a $2.5 million funding round to help parents teach their children about finances and savings, after its co-founders left their corporate banking roles “to do more for their customers” than what the big banks were offering. Co-founded in 2015 by Mario Hasanakos and Alex Badran, the mobile app … Read more

Auckland-based fintech Vend appoints former Yelp director Dave Scheine as APAC Country Manager

Auckland-based point-of-sale (POS) and retail management software fintech Vend has announced the appointment of former Yelp director Dave Scheine as the company’s new country manager for Asia-Pacific. According to Vend, the appointment comes as a part of the company’s strategy to grow its presence regionally, expanding upon its global sales team and forwarding its position … Read more

TIRED OF ‘DRAWING THE SHORT STRAW’, EASYSHARE’S FOUNDER AUTOMATED SHARE HOUSE BILL PAYMENTS

Sydney-based fintech startup easyshare has launched its rent and bill payment mobile app following a successful pilot phase, which saw it process over $10m in payments for a thousand early users. John Bush, who founded easyshare in 2014, spoke to Dynamic Business about his company’s early success. DB: WHAT MOTIVATED YOU TO LAUNCH EASYSHARE? Bush: I was in … Read more

Parliamentarians eager to “press the accelerator” on blockchain adoption with new bipartisan group

Federal Labor and Liberal parliamentarians have put political differences aside and joined forces to support Australia’s burgeoning blockchain sector, with the first meeting of the Parliamentary Friends of Blockchain group held in Canberra this week. The development comes as the value of bitcoin — a digital ‘cryptocurrency‘ built on the blockchain — is currently experiencing record highs, with … Read more

Australia leads non-core markets in fintech investment deals, but what does the sector need to grow?

Australia has emerged alongside Brazil as a leading fintech market after facilitating the largest fintech investment deals outside of the core markets of Asia, Europe and North America in the past 12 months, a report from CB Insights has found. The Global Fintech Trends report analysed global trends and found that half of the 10 largest fintech deals outside … Read more