Australian FinTech company profile #14 – GBG
GBG offers a series of innovative and intelligent solutions that help organisations quickly validate and verify the identity and location of their customers
Banks to join forces for blockchain-based settlement project
Several of the world’s largest banks are in the process of investing around US$50 million to create a digital cash system using blockchain technology
From Xero to $1 billion: Aussie tech company’s founder joins global big time
Accounting platform Xero has chalked up its first ever half year profit on the back of strong global growth sparking a sharp shareprice rally.
The ID Co. secures seed funding for international growth
Global fintech The ID Co. announces it has received $2m seed funding from global technology investor Amadeus Capital Partners, SixThirty and other investors
RBA warns of ‘lock-out’ risk from rise of phone payments
The Reserve Bank has warned that growth in payments driven by smart phones, watches and other wearable devices must not stifle competition.
Global digital payments solution company, Splitit’s securities at a trading halt
The securities of Splitit Payments were placed in a trading halt at the request of the company, pending the release of an announcement.
Prospa announces IPO
Prospa, Australia’s #1 online lender to small business, announces an offer of new shares at an offer price of $3.78 per share to raise $109.6m via an IPO
Niche areas that fintech is yet to exploit
No longer can it be argued that fintech is niche. Its impact has been global, changing the way individuals and businesses conduct their finances.
