Afterpay inspires US rival Sezzle to list on ASX
US Afterpay competitor Sezzle is set to become the latest buy now, pay later, fintech to list on the ASX, with the Minneapolis-based start-up inspired by the success of its local rivals. Having already raised $US5.6 million ($7.9 million) in a pre-IPO round, led by Chicago-based institutional investor Continental Investors, Sezzle intends to list within the next few months and representatives were travelling around Australia last week meeting with local investors. Speaking to The Australian Financial Review, co-founder Charlie Youakim said Sezzle was modelled on local company Afterpay, with the co-founders wanting to bring the buy now, pay later model to the US. To read more, please click on the link below….Source: […]
Square launches new Square Online Store to boost eCommerce offering for Australian businesses
Today, payments provider Square, Inc. (NYSE: SQ) launched the new Square Online Store, a product that will give Australian small business owners the tools they need to start or grow their eCommerce business instantly. Square’s new offering is also the first product to be fully integrated with Weebly, a powerful platform for building a website or online store, since the company was acquired by Square last year. Square Online Store enables business owners to easily create a professional website that fits their brand to help grow their operations in person and online. Additionally, it enables businesses to seamlessly sync their Square data, like catalog items and inventory, with their website. […]
Why parents should start teaching their kids about money at an early age
How did you learn about money when you were a kid? Maybe your parents handed you a few dollars to swing by the grocery store for milk. After getting through the checkout line and carefully counting out the change, perhaps you stuffed the rest back into your pocket and headed back home. Today, teaching kids how to manage money is different. As technology around payments and money management has evolved, transactions are often no longer tangible. Cash is becoming less common and learning to become financially savvy is beginning to take a much different shape than in the past. From cash to V-bucks and in-app purchases This emergence of financial […]
Are we looking at a cashless future?
When was the last time you paid for something with a fat wad of notes or a handful of shrapnel? Even if you wanted to, you may not have had the option – according to the Commonwealth Bank, the number of Aussies making cash payments is shrinking, while the number of businesses going completely cashless is growing. Cashless payments are becoming more and more popular around Australia, with CBA finding that a contactless or “tap” payment is now the preferred payment method for more than 90 per cent of purchases. CBA also found that between January 2017 and January 2019, contactless payment transactions have grown by 140 per cent. A […]
Space tickets, gemstones and Gmail: ‘Biggest business you’ve never heard of’ behind $5.6 billion in deals
It’s used to buy and sell everything that’s “complex and expensive”, from boats and planes to space station tickets, gemstones and exotic animals. But despite processing more than $5.6 billion in deals, including the sale of some of the internet’s biggest domain names including Twitter, Gmail and Instagram, it’s the “biggest fintech you’ve never heard of”. Matt Barrie reckons they “should have added a few zeros” to the $10 million sale price of little-known US website Escrow.com when he snapped it up three years ago. Escrow.com, as the name suggests, provides online escrow services for e-commerce platforms by holding payment between buyer and seller until a transaction is completed. Its […]
Doshii-Mimu integration brings simple, 3-step ordering-ahead to busy bars
Doshii is pleased to announce another successful integration. The latest is with mobile App, Mimu, which is helping transform the way we order food and drink in bars and restaurants. Mimu eliminates time spent waiting to order by letting patrons order ahead from their mobile phone. To start the ordering process, customers simply open the Mimu App and their location is automatically picked up. Using Mimu’s intuitive UI, they then order what they want from the venue’s menu and head straight to online checkout – paying through the Mimu App. Doshii’s API, which connects Apps with POS, then processes the order and payment in real-time and alerts staff at the venue to […]
ANZ leads regulators towards trade finance blockchain
Regulators in Hong Kong, Singapore and China are working with ANZ Banking Group to digitise trade finance through blockchain technology, a move that will enable banks to make faster lending decisions and regulators to better monitor international capital flows. ANZ is one of seven banks to create the eTradeConnect platform, which allows importers and exporters to make purchase orders and invoices and pipe relevant data directly to banks to streamline financing decisions. Vivek Gupta, ANZ’s head of trade and supply chain for North Asia and greater China, said the platform was the first commercialised trade ecosystem built on blockchain. He said two key regulators in the region, the Hong Kong […]
Square partners with Australia’s community banks to help regional SMBs go digital
Today, global payments provider Square, Inc. (NYSE: SQ) announced it is teaming up with Unity Bank, Southern Cross Credit Union and the WAW Credit Union in a string of regional partnerships that will give more small businesses outside of Australia’s capital cities greater access to innovative payments technology. Small businesses across regional New South Wales, Victoria and Queensland will be able to benefit from the new partnerships and will see affiliated branches provide access to the iconic Square card reader for contactless and chip for just $59. Customers will also receive fee-free card processing for their first $1,000 worth of sales to help them get started. Square’s Country Manager […]
