Hello Clever, an Australian ‘buy to earn’ startup that gives shoppers real-time cashback, has raised $4.5m across a pre-seed and seed funding round.
The round was headed by Vectr FinTech Partners and saw participation from CrossFund, Yolo Investments, Magnivia Ventures, Son Tech Ventures, Boson Ventures and a range of angel investors.
Hello Clever claims its vision has always been to ‘create a bold ecosystem for everyone to win financially’.
The company said it is the first Australian buy-to-earn platform. Through its real-time payment API – an instant payment solution powered by the New Payments Platform, PayTo and PayID – the company provides real-time cashback for customers and allows users to be clever with their spending by tracking across multiple bank accounts in real-time.
Hello Clever utilises open banking, fast payments and AI technologies to put together an end-to-end experience for young people around shopping, payments, earning cash back and managing spending.
Hello Clever stated that the ‘economics of scale’ is exciting as it has seen strong demand over the past six months and has joined the “industry disruptors” club, lifting the needle to shake up an old industry that is worth $500 billions in Australia alone.
Highline Technologies, a payments FinTech that unlocks payroll-linked lending and billpay, has raised $13m from a Series A funding round.
The round was headed by Jump Capital, Costanoa Ventures, Foundation Capital and other investors not named.
Highline claims its payments platform allows consumers to easily automate bill payments directly from their paycheck, helping to avoid missed payments and overdraft fees.
Copyright © 2022 FinTech Global
