Trade Ledger wins Ashurst FinTech Startup of the Year at the 3rd Annual FinTech Awards
Digital banking platform start-up, Trade Ledger, has been named the Ashurst Fintech Startup of the Year after expanding into the UK market and signing up a series of major deals in just one year. The award goes each year to a fintech start-up “that has disrupted the financial services sector with new and innovative services, creating competition and transforming the way we experience financial services”. Trade Ledger has done this by being the first corporate lending platform in the world to automate the entire credit assessment process, assess SME supply chain data in real-time, and calculate risk down to the individual invoice. This allows banks and other business lenders to […]
Stripe launches Partner Program in response to demand from millions-strong user base
Stripe, the technology company that builds economic infrastructure for the internet, has today announced the launch of its first-ever Partner Program to help its global user base—now numbering in the millions—discover new, reliable partners to work with. Stripe’s ecosystem is already comprised of thousands of informal tech partners, drawn to Stripe by its world-class technology and APIs, and access to its rapidly growing user base. Today, for every $1 Stripe makes, partners can expect to make $1.26. Stripe’s Partner Program formalises this ecosystem, giving partners access to new benefits, such as: A new partner portal with educational materials and best practices for building secure, reliable integrations to Stripe. A […]
Wisr appointed to leading aggregator Connective broker panel
Neo-lender Wisr (ASX: WZR) has significantly expanded one of its personal loan origination channels after the company was appointed to the panel of Connective, Australia’s leading mortgage broker aggregator. Almost 3,000 brokers on the Connective platform will be able to introduce personal loans to Wisr from 1 August 2018. More than 20% of brokers in Australia aggregate through Connective, which had more than $41.5 billion in settled loans in FY2017. This addition to a key channel follows Wisr’s previously reported record growth rate in loan originations, with total loan origination value in H2FY18 rising by 136% on the previous six months. Today’s announcement means that, in conjunction with other key […]
Global fintech investment hits a record high with Australian funding continuing to grow
Investment in Australia’s fintech sector followed the upwards tick of global growth patterns in the first half of 2018, with US$63.7 mil invested, up from US$56.1 mil in 2H’17 and US$56.0 mil in 1H’17, though remained lower than the highs recorded in 2H’15 and 1H’16 according to KPMG’s Pulse of Fintech report. Much of the investment in Australia, however, is concentrated across a small number of deals. Australia saw just seven deals during the period, down from 12 in 2H’17 and 16 in 1H’17. Total VC, PE and M&A investment amounted to US$171.5 mil, across 14 deals. “Significant outliers still dominate the Australian fintech ecosystem, propelling the majority […]
Open data revolution ramping up: What fintechs need to know
By Steve Philpotts, General Manager – Data Quality and Targeting, A/NZ at Experian In case anyone thought the open data revolution was settling down, last month’s advances have proved that we’re only just getting started. The government set new deadlines for Australia’s Open Banking regime, set aside millions in the budget for funding broader ‘Consumer Data Right’ measures, and announced that they will hire a National Data Commissioner. All this occurred in the shadow of data security concerns, and debates around the nuances of comprehensive credit reporting. Understandably, many financial services organisations have been left wondering how they can keep pace. As regulators across Australia are increasingly looking to […]
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 […]
Why this female founder is bringing Australian entrepreneurs to the Big Apple
There are few globally-renowned hubs of culture and commerce around the world that can lay claim to the same thriving entrepreneurial spirit as that of New York City. And now, a growing number of businesses in Sydney, Australia are turning their attention to the Big Apple as a first port of call for global expansion. Based in Sydney, founder and CEO of FD Global Connections, Trena Blair is an expert in expanding businesses from Australia into the U.S., with New York as the entry point. Since establishing FD Global Connections in 2014, Blair has brought with her some of Sydney’s best and brightest entrepreneurs and businesses to New York across […]
Apple Pay predicted to be half of all mobile wallet users as contactless payments hit $2 trillion by 2020
Digital wallets are gaining momentum and Apple Pay looks set to be the most popular platform as contactless payments are projected to hit $2 trillion within two years. As spotted by TechCrunch, Juniper Research put out a new report today with the prediction that Apple Pay will account for 50% of global mobile wallet users by 2020. The data took into account competition from Samsung Pay, Google Pay, Huawei Pay, and Fitbit Pay. The firm believes 2020 will see 450 million users taking advantage of mobile wallets with Apple making up for 225 million of those users. Specifically, Juniper predicts mobile wallets will make up for 15% of the $2 […]
