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.
Neobank Volt closes $70m oversubscribed Series C, hits $100m total funding and sets sights on IPO
Australia’s first neobank Volt Bank, closed a $70m Series C equity funding round, which was oversubscribed by $10m beyond the original target of $60m.
Alceon tips unicorn status for fintech disruptor
Boutique fund manager Alceon loves Wisr, an ASX-listed startup which is encouraging people to reduce their overall borrowings.
More than $1.4 billion in capital secured by Australian Fintech firms in 2019
More than $1.4 billion in capital was secured by Australian Fintech firms in 2019 across 38 deals or partnerships, setting a new record.
Victoria leads country in Fintech funding
Victorian FinTech companies have dominated key funding rounds, accounting for almost 80% of $2 billion allocated to startups in the last financial year.
Mortgage fintech Funding.com.au raises $3.7 million AUD to accelerate growth
Funding.com.au announced today it has raised $3.7 million AUD in a Series A funding round from local venture capital fund Equity Venture Partners (EVP).
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.
Harmoney completes A$42.9 million raise to fund further Australian growth
Harmoney, a leading digital platform lender in Australasia, has successfully completed a Series C funding round
