Square serves up custom-built solution for restaurants and loyal customers in Australia
Square has announced that it is introducing Square for Restaurants, its custom-built point of sale system designed for the restaurant industry, in Australia
Zip Co master trust up and running with $400m deal
Buy now, pay later payments provider Zip Co has won over equity investors in recent months, and has now set its sights on credit funds.
Buy now, pay later apps turn focus to business owners
Fintech unveils mortgage under 3.5%
Fintech and online lender loans.com.au has unveiled its newest home-loan offering for owner-occupiers with a low interest rate of 3.48%. Dubbed the Smart Home Loan, the mortgage product is a principal-and-interest loan that has no ongoing fees and has a comparison rate of 3.5%. The product has a maximum loan amount of $1m and has several features such as redraw facilities and the ability to split and make additional repayments. Homebuyers can borrow as much as 80% of the value of their targeted property. Loans.com.au managing director Marie Mortimer said the new home-loan product aims to drive competition in the mortgage space and provide other options for borrowers who are […]
Melbourne Fintech to disrupt the way young Australians travel
Melbourne Fintech Pelikin is on the cusp of disrupting the Australian travel money market with its mobile-only multi-currency account and prepaid Visa card. The young team is on a mission to make “travel brighter” for young Australians by providing them with valuable travel and money services that have been built with their best interests first. At its core, the Pelikin app and card will allow users to hold up to five different currencies at once and spend in over 200 countries across the world in an easy, affordable way. Last month, Pelikin released its prepaid card and with a unique vertical and neon yellow design, it’s a far cry from […]
Fintech start-up QPay gets $1M in funding from Angels and Sharks
Student marketplace and payments app, QPay, has secured a $1 million cash injection after funding from the Sydney Angels Sidecar Fund 2 was supplemented by a $380,000 combined investment by Steve Baxter and Naomi Simson in exchange for 8.4 per cent of the firm’s equity during last night’s episode of Shark Tank. Funds were also received from American Express, and from the Chairman of the Australian British FinTech Cyber Catalyst, Andrew Chick, to make up the total $1 million. The funds will primarily be used to extend the reach of QPay’s recently launched student-targeted MasterCard to the 4,000-plus students on its waiting list, as well as to build a sales […]
Solving the problem of accessing money overseas
With big plans to disrupt the international payments industry, Australian fintech start-up Pelikin is looking to cash in on our dissatisfaction with the banks. Sam Brown’s own difficulties in accessing his funds while travelling in Europe and Asia inspired him to found Pelikin in 2015 with the goal of first becoming a multi-currency debit travel card provider. Pelikin is preparing to launch its beta service, with plans to open registration to the public around the middle of the year. Having relied on seed funding to date, the Australian start-up plans to take advantage of equity crowdfunding to support its next growth spurt. The Pelikin debit card will be accompanied by […]
