Australian fintech Tic:Toc closes successful Series B funding
Australian fintech Tic:Toc, the world’s only fully digital home loan platform, today announced it has closed its Series B round, raising $11.5M in funding. The Series B funding, led by Genworth Mortgage Insurance Australia Limited (Genworth Australia) and Blackstone group entity La Trobe Financial, includes both new and existing investors and adds significant depth to the Tic:Toc share register, which also includes Bendigo and Adelaide Bank. The funding will allow Tic:Toc to further advance the capability of its platform as well as build greater brand awareness. It will also partially fund Tic:Toc ’s pending expansion into offering its automated assessment platform as a service to partners, as well as exploration […]
BPAY Group named one of Aon Hewitt’s Best Employers for 2018
BPAY Group has today been named an Aon Hewitt Best Employer for 2018, following the release of its annual Employee Engagement survey. 84% – BPAY Group Employee Engagement Score 90% of BPAY Group employees completed the survey 68% – Aon Hewitt’s entry point for the highest performing quartile of all organisations in Australia and New Zealand 81% – Aon Hewitt’s Average Best Employer score in the region Aon Hewitt’s Best Employers program is Australia and New Zealand’s leading accreditation and research program looking at the people practices of high-performing organisations. John Banfield, BPAY Group CEO said, “BPAY Group is incredibly honoured to be named as an accredited 2018 Aon Best […]
Bizmoto in partnership with leading Filipino Remittance Co
Peppermint Innovation Limited today announced its online international remittance business, Bizmoto, has signed a partnership agreement with Direct Agent 5, Inc (DA5) – one of the Philippines’ leading non-bank remittance payout providers. Under the agreement, Bizmoto will be able to use DA5’s 1000+ locations in the Philippines as trusted remittance payout providers for its customers and DA5 will be able to use Bizmoto’s online remittance platform to payout money transfers to Australia. DA5 is an authorised direct agent of Western Union Money Transfer and offers international and local remittance services, airline ticketing, bill payment facilities, mobile phone loading services, foreign exchange transactions and mobile payment services. Bizmoto will earn revenue […]
Sharesight data now available in myprosperity
Leading wealth portal myprosperity today announced a partnership with premier share portfolio tracker, Sharesight. Clients who use Sharesight to track their investments will now be able to view them from within their myprosperity wealth portal. The direct integration of Sharesight portfolio data within myprosperity is the latest milestone in the company’s ambitious journey to create a comprehensive shared data platform for accountants, advisers, and consumers. Chris Ridd, CEO of myprosperity, said “Sharesight tracks over AUD $10Bn worth of investments and are one of the leading share portfolio trackers in Australia. myprosperity clients have more than $80M in shares which they’ve entered into their wealth portals. This partnership with Sharesight is another step towards giving Australians a full view of their wealth portfolio and empowering their accountants and advisers to provide […]
Breaking down blockchain’s potential for cross-border payments
By Simon Banks, Hyperwallet’s Managing Director and SVP of Asia-Pacific Blockchain has been labelled a disruptive force that could transform entire industries and even have potential to shake the foundations of economic and social systems. With the advent of cryptocurrencies, the banking and financial services sectors were among the first to feel its effects. In the payments space, it is important to separate the underlying distributed ledger technology from the cryptocurrency hype, and to understand the problems blockchain can solve, as well as the ways in which it can transform payments without disregarding barriers to implementation. Cross-border payments, a space that currently begets frustration but is increasingly dominated by innovative […]
Credit Simple launches Money Simple
Credit Simple, the fintech where every Australian and New Zealander can get their credit score and credit file for free, forever, has launched free online budgeting tool Money Simple. In a world first, Money Simple brings together open banking data with credit scores to form a single, unified view of a person’s financial life in one spot. Money Simple aims to leverage consumer data rights and open data rules to give consumers visibility on their financial position on a single platform. Money Simple is powered by Proviso, an open banking platform that draws data from Australian financial institutions. Credit Simple CEO David Scognamiglio said Money Simple was at the leading […]
Australian cryptocurrency exchange Cointree enters the SMSF space with new partnership
Cointree, one of Australia’s leading cryptocurrency exchanges, has identified a growing interest from customers wanting the ability to purchase cryptocurrency with their superannuation. Due to this increased demand, Cointree is partnering up with New Brighton Capital, who offer accredited SMSF accounting services and focus on helping Australians own crypto in their super. “I am very excited about this partnership, this is the first step of the education process for our members, shedding some light around the opportunities of having an SMSF and investing into cryptocurrency,” says Shane Stevenson, CEO of Cointree. “We want to provide platform and channel where partners like NBC can educate our members on the different cryptocurrency […]
Square and BOQ team up to help more Australian small businesses get started
Global payments company Square, founded and run by Twitter CEO Jack Dorsey, has announced it is teaming up with Bank of Queensland (BOQ) for a first-of-a-kind partnership that will give more Australian small businesses a simple way to access great banking services and more flexible payment options. From today, new BOQ small business customers signing up for business banking services will also receive a free Square Reader for contactless and chip, and fee-free processing for their first $1,000 of sales. The partnership is designed as a ‘one-stop-shop’ solution enabling time-poor business owners to walk into any of BOQ’s 180 national branches, and walk out ready to start working instantly. “We’re […]
