Buy now, pay later platform Payright raises $27 million, total fundraise exceeds $55 million
Innovative payment plan provider and Australian fintech Payright has completed a $27 million Series D fundraise through a mix of debt and equity.
Australian FinTech company profile #39 – Payright
Payright enables merchants to accelerate return-on-effort by offering a buy now, pay later flexible payment option to their customers
How Arctic Intelligence is revolutionising RegTech to transform compliance
Anthony Quinn, CEO and Founder of RegTech company, Arctic Intelligence, is leading the charge to prevent financial crime.
Practifi’s US expansion exceeds expectations
Sydney, Australia-based fintech provider, Practifi, has continued to experience exceptional growth over the 2018 calendar year, with their international expansion to the U.S. surpassing expectations on every measure. In describing the international response to Practifi, Chief Commercial Officer and Co-founder, Adrian Johnstone says, “Our upfront investment in market research and product design has paid huge dividends this year. Our Chicago office is now established, with the team growing rapidly to meet demand far in excess of our ambitious forecasts.” With clients spanning the major west coast, midwest and east coast financial centers, Practifi is already considering the location for its next US office. Global growth in other markets is also […]
How pocket money has adapted to the digital age
This generation could be the last to know the thrill and discipline of waiting for the weekly pocket money in the form of a bundle of crumpled notes and warm coins. In a world of apps, e-books and online games, more children than ever are asking for their weekly allowance digitally to fuel modern-day spending. For many parents, pocket money has become a source of mild anxiety with the added complexity of the digital age: when should it start? How much to pay? Should it be in return for doing chores, or handed over with no strings attached? According to the survey of more than 1000 parents for the Financial […]
Prospa named Best Employer by AON Hewitt for second year running
Prospa, Australia’s leading online lender to small businesses, has been named a Best Employer in the AON Hewitt Best Employers program for the second year in a row. Prospa, headquartered in Sydney, underwent an employee engagement survey and an inventory of their people practices and internal interviews, in order to be eligible for one of the most sort after, and credible, employer awards across Australia and New Zealand. The accreditation looks at a number of factors, such as agility within the business, staff benefits and new hire turnover, in order to determine whether a business is of Best Employer status. Prospa was awarded the status this year due to its […]
The winners of the 3rd Annual Australian Fintech Awards
The Australian fintech sector gathered in Ashurst’s Sydney offices on Wednesday 1 August to celebrate the 3rd Annual Australian Fintech Awards. The firm hosted and sponsored the awards, which celebrated the achievements and successes of the people and businesses comprising the Australian fintech sector. The keynote speaker at the awards was The Hon. Scott Morrison MP, Treasurer, Federal Member of Cook. Ashurst sponsored the major award of the evening, the Fintech Startup of the Year, which was awarded to Trade Ledger, the world’s first business lending platform that transforms digital data from supply chains in real time. Ashurst partner Tim Brookes (Digital Economy) commented: “We are delighted to have hosted […]
How the rich invest: Afterpay’s Nicholas Molnar makes a cool $200 million
The tearaway market success of Afterpay Touch Group has however supercharged the fortunes of its 28-year-old co-founder Nicholas Molnar. Afterpay is fast becoming the go-to payments platform for Millennial shoppers who want to own products immediately but pay for them in instalments. The instalment service is growing rapidly. It has more than 1.8 million customers and is growing at roughly 3300 new customers per day. There are now 14,000 retailers using the service; it will soon be available for buying Jetstar flights and in May announced it was transacting in the US after cutting a deal with retail powerhouse Urban Outfitters. The potential for growth in the US has been […]
