UpCover secures $19 million as it ramps up challenge to Australia’s analog incumbents in the commercial insurance sector
Upcover, Australia’s only digital-first commercial insurance broking company, has raised $19 million in a Series A funding round.
DMA to acquire a majority stake in Saxo Australia as it launches in Australia
DMA has agreed to acquire a majority stake in multi-asset investing specialist Saxo Australia as it launches its offering in the Australian marketplace.
All in with AI: Three trends that will shape the Australian and New Zealand financial services industry in 2025
Here in Australia, all signs suggest financial services providers will be among AI’s earliest and most enthusiastic adopters.
Managed fund inflows in Australia grew five-fold in 2024: Calastone
Globally, fixed income, equity and mixed asset funds attracted over A$93.8 billion in 2024, a sharp increase from A$36.8 billion in 2023.
Living costs for working households improve but remain historically high: Global X
Global X Senior Investment Strategist Marc Jocum says the latest indexes of living costs for Australian households highlight significant financial strain
Digital private equity manager Moonfare launches in Australia
Berlin-headquartered, fast-growing digital private equity manager, Moonfare, has further expanded its international operations by opening for business in Australia.
Takeover target Selfwealth receives new, higher offer from Svava
SelfWealth have announced that it has received a non-binding indicative proposal from Svava to acquire 100% of the shares in Selfwealth for $0.28 cash per share.
Reserve Bank of India approves Findi’s acquisition of Tata Communications Payment Solutions
ASX-listed Findi Limited have received regulatory approval from the Reserve Bank of India for the acquisition of Tata Communications Payment Solutions.
