Neobank 86 400 closes Series A capital raise taking total equity capital to $90m
Australia’s first smartbank, 86 400, has closed its Series A capital raise. $34m of new equity was raised in March, bringing its total capital to $90m.
Leading conveyancing firm bytherules adopts innovative ‘safe harbour’ client VOI solution
Leading conveyancing firm bytherules has integrated MaxID’s identity verification services into their workflow and practice management software.
How non-bank lenders are pivoting amid COVID-19
The non-bank sector in Australia has been particularly hurting as wholesale funders and investors reduce their risk appetites.
Australian neobanks face a sterner challenger than their UK equivalents did
Australian neobanks such as 86 400, Up and Volt, are trying to make dents in an extremely consolidated banking market dominated by the four major incumbents.
Australian FinTech company profile #81 – Wefund
Wefund’s proprietary finance platform connects borrowers seeking fast, transparent, commercial and construction finance to accredited non-bank lenders.
The “social-distancing-friendly” home loan
The home loan process at neobank 86 400 was crafted to be a “social-distancing-friendly solution” to brokers during this unprecedented time.
Open Banking on target for July 2020 launch
Keeping the open banking timeline has been welcomed by the financial industry and Split Payments CEO Kristofer Rogers said there was no reason for delay.
Tap and go payment limit increased to $200 to contain virus spread
Australian shoppers will soon be able to make purchases of up to $200 at the checkout using tap and go, as retailers try to stop the spread of the virus.
