Tag: Australia

COVID-19 has plunged financial markets into chaos, but the pandemic also represents both challenges and opportunities for FinTech companies as they adjust to a whole new reality.

The Australian FinTech industry has grown tremendously over the past few years and the minister in charge of the sector expects this to continue past the current crisis.

Australia-based lending platform Verteva has reportedly collected AUS $33m ($21m) in a Series A investment.

Australian challenger bank Judo Bank has pushed past the $1bn valuation mark and officially become a FinTech unicorn on the back of its latest raise.

Swedish FinTech unicorn Klarna is "continuing to invest strategically" by buying Nuji for an undisclosed amount.

One of the four biggest Australian banks is considering tapping in to external sources of capital to boost its next fund aimed at FinTech startups.

Australia-headquartered Iress has integrated its Xplan Mortgage software with criteria search system Knowledge Bank.

Neobanks are transforming finance around the world. However, some are making bigger waves than others.

Australia-based payments company Airwallex has closed its Series D round on $160m, which will help it continue its global customer acquisition and licensing efforts.

The global mobile digital identity market could be worth $7bn by 2024. So it seemingly no mystery to why eftpos might want to get in on the action.