Neobank Volt closes $70m oversubscribed Series C, hits $100m total funding and sets sights on IPO
Australia’s first neobank Volt Bank, closed a $70m Series C equity funding round, which was oversubscribed by $10m beyond the original target of $60m.
Jack Dorsey’s Square says Aussie banks were anti-competitive
Jack Dorsey’s US payments giant Square has accused Australia’s major banks of engaging in anti-competitive conduct when it entered the local market.
Alceon tips unicorn status for fintech disruptor
Boutique fund manager Alceon loves Wisr, an ASX-listed startup which is encouraging people to reduce their overall borrowings.
CRiskCo finds receptive new market in Australia
CRiskCo offers a credit risk analysis and management platform that provides real-time visibility into the health of loan books.
HashChing revamps offering, completes capital raise
HashChing has successfully completed a capital raise, led by Heworth Fund Management and Sapien Ventures. The amount of the raise has not been disclosed.
Wisr raises $33.5 million to accelerate growth
ASX-listed fintech Wisr Limited announces it has received commitments to raise $33.5 million via a placement of approximately 181 million ordinary shares.
Xinja Bank launches Australia’s best savings account from the nation’s new neobank
Xinja Bank, Australia’s independent and 100% digital neobank, today launched Australia’s best savings account, paying 2.25% interest, the highest ongoing rate on offer with no strings attached.
The RBA’s daring crypto experiment
The RBA has revealed that it has simulated a crypto experiment using central bank-backed digital tokens in the wholesale payments system.
