Global fintech leader Airwallex closes $250m fundraising round, announces worldwide growth plans
Global fintech leader Airwallex today announced that it has closed its Series D fundraising round at A$250m (US$160m), marking its biggest raise to date.
Fintech veteran backs the young guns
Sydney based Cryptocurrency payments start-up, CryptoSpend have announced that Fintech veteran Andrew Porter has taken a minority stake in the business.
CBA’s start-up venture X15 partners with KPMG and Microsoft
Growth and technical expertise for CBA’s new start-up venture X15 Ventures is being sourced from KPMG and Microsoft.
Aussie fintech investment up 252%
Investment in Australia’s fintech sector “smashed previous records” last year, jumping up to $2.9 billion according to data from KPMG.
Aussie fintech investment reaches $3 billion after 250% growth… but don’t celebrate just yet
Fintech investment in Australia is bucking the international trend. On a global scale, fintech investment actually dropped slightly.
Fintech fundraising grew strongly in major markets in 2019, Accenture
Investment in fintech has risen sharply in most major markets in 2019, led by the US and UK and emerging economies such as India and Brazil: Accenture
Another billion-dollar year for investment in Australian startups in 2019
Australian startups saw a continued rise in venture capital funding in 2019, rising to US$1.145 billion, up from US$1.033 billion in 2018 according to KPMG
No ‘passive’ stakes for CBA in new fintech push
CBA hopes to get the edge on rivals by launching 25 new fintech businesses over the next five years via the bank’s new fully-owned fintech entity named X15.
