Investing

Nov
24

$423m acquisition shows expected increase in fintech M&A, HSF says

Herbert Smith Freehills (HSF) said that a recent major deal it advised on in the fintech sector shows the expected increase in M&A activity in the sector. The Anglo-Australian giant advised EML Payments Limited (EML) on its $423m acquisition of Prepaid Financial Services (Ireland) (PFS). “This is an exciting deal for the fintech sector and shows that European fintechs remain attractive targets for global investors. We expect to see further M&A in this sector during 2020 given the number of mature businesses with good traction in the market and clear paths to profitability,” said partner Caroline Rae, one of the leaders of the HSF team. Based in Australia, EML is […]
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Nov
20

Experian launches Internet surveillance tech in Australia, NZ market

Global credit bureau services provider Experian has launched its proprietary internet surveillance technology CyberAgent in Australia and New Zealand.

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Nov
12

Quantifeed enters the Japanese market as part of the ‘Global Financial City Tokyo’ Vision

Quantifeed has been invited to enter the Japanese market as part of the Tokyo Metropolitan Government’s ‘Global Financial City: Tokyo’ Vision

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Nov
11

Three funds bankroll MoneyMe raising

MoneyMe is seeking to raise $45 million for a $212.2 million market capitalisation with bids due to lead managers Morgans and Ord Minnett on Thursday.

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Nov
11

EML Payments to shell out $423m for European fintech

EML Payments has entered into a binding agreement to acquire London-headquartered Prepaid Financial Services for an upfront value of £226 million (A$423m)

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Nov
11

Raiz successfully raises over $6million via institutional placement

Raiz Invest have successfully completed of a Placement of seven million fully paid shares at $0.86 cents per new share, raising a total of $6.02 million.

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Nov
11

Novatti secures investment for Aus expansion

Novatti has received a $1.1 million investment from the Australia Fintech Investment Group as the two companies launch their joint business.

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Nov
07

P2P lenders spread wings as search for yield intensifies

Yield-hungry investors earning next-to-nothing on cash held in fixed deposits are turning to Peer-to-Peer lending as a viable alternative.

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