“Here for the long term”: Why Brighte is using its latest $15.5 million raise to make an unexpected pivot
Fintech Brighte has secured $15.5 million in Series C funding, as it prepares to make a move into Australia’s home improvement sector.
Global fintech investment drops, but APAC deals stand strong
While Asia Pacific fintech investment slowed down, there were still plenty of deals taking place. The value of deals across Australia reached US$401 million.
Salesforce makes an open banking move
Salesforce is seeking to exploit Australia’s “consumer data right”, investing alongside Westpac and NAB in open banking platform Basiq.
Aus fintech sees strong H1 2019, despite global decline
Australia’s fintech start-ups raised US$401 million in H1 2019, compared US$122 in H1 2018, an increase of 229%, according to Accenture research.
Australian fintech investment subdued in H1’19, as market pauses ahead of future growth: KPMG Pulse of Fintech
While IPOs are not tracked by the Pulse of Fintech report, it noted Australia has been an exception when it came to fintech IPOs.
Verrency completes $10 million Series A raise
Australian payment innovation company, Verrency, closes a $10 million Series A funding round, bringing total investment in the company to over $20 million
Prospa lists on the ASX
Prospa Group Limited are pleased to announce the company has been admitted to the official list of the ASX following the successful completion of the IPO.
A record $117 billion in fintech deals have been done this year as cashless payments soar in popularity
Fintech-targeted mergers and acquisitions has increased rapidly over the last five years, and the value of deals in the space has hit a record high in 2019
