Australian fintechs Rush Gold and Finmo partner for instant, global gold bullion purchases

Rush Gold, the award-winning fintech and Gold-as-a-Service (GaaS) platform, has announced a partnership with the fintech platform Finmo that allows Australian investors to now buy gold bullion instantly through the New Payments Platform’s (NPP) PayID infrastructure.

The Finmo platform connects real time payment networks around the world into a single solution to simplify customer-facing payment methods that are optimised for speed, convenience, and cost.

Jodi Stanton, CEO of Rush Gold, commented, “We’re really excited to be working with Finmo, not only for our Australian customers, but also as we both expand our footprints to new markets around the world. Our customers asked for PayID, and we were able to deliver it within weeks – which is testament to the sophistication of both companies.”

With PayID, customers with a Rush Gold account can buy gold bullion instantly straight from their Australian bank account. Customers are provided with a static PayID and can make instant, recurring purchases that settle immediately.

Finmo Co-Founder David Hanna said, “The Rush Gold model aligns perfectly with the solution we have built at Finmo, with the focus being on customers’ ability to globally buy and sell seamlessly via instant local payments methods. We look forward to expanding this partnership with Rush globally as we open new markets.”

Rush Gold and Finmo both have global presences, with Rush Gold active in 15 countries and Finmo with ability to payout globally to over 180 payment locations across Asia Pacific, Europe, and North America.