New digital bank Alex secures banking licence
Australia’s newest digital bank, Alex, has been granted a restricted banking licence from the Australian Prudential Regulation Authority (APRA).
Australian FinTech company profile #112 – Alex
Alex is a credit-led neobank* aspirant with a goal of making finance faster, simpler and fairer. *They are not a bank yet.
Alex launches personal loans to challenge traditional banks
Alex’s consumer loans of up to $30,000 are offered at rates which are among the best in market.
Alex delivers Comprehensive Credit Reporting with Equifax in record time
Alex has partnered with Equifax to provide Comprehensive Credit Reporting, giving deeper insights on borrower’s credit worthiness.
New Australian digital bank Alex sets sights on raising fresh capital
New Australian digital bank Alex is looking to raise around A$10m in a Series B funding round. Alex is looking to target the 18-35 age bracket.
“It takes an army”: Co-founder of pocket money app Spriggy Alex Badran on growth, getting some perspective, and securing backing from Mike Cannon-Brookes
Pocket money app startup Spriggy has seen a 380% increase in its customer base, quadrupled its headcount, and secured funding from Atlassian co-founder and Australian startup legend Mike Cannon-Brookes — and that’s all in the past 12 months. Founded in 2015 by Alex Badran and Mario Hasanakos with an initial $300,000 investment, Spriggy provides a mobile app that allows parents to give their children pocket money digitally, by loading cash onto a prepaid card for the children to use. The app also allows kids to monitor their spending, in a bid to teach them good money management skills. The startup was named as an emerging fintech star in the KPMG Fintech […]
Alex Waislitz’s Thorney Investments, Regal back Credit Clear ahead of IPO
Rich lister Alex Waislitz’s Thorney Investments has taken a significant stake in debt payment fintech start-up Credit Clear, ahead of a potential float in mid 2019. The investment from Thorney was part of an $8.5 million capital raise, which was also supported by Regal Funds Management and some high net worth individuals. The raise was lower than its original target of $10 million, but co-founder Lewis Romano said the round was actually over-subscribed, with the company having made the decision to scale back the raise to $6 million and go after just one international market, the US, rather than expanding to the US, UK and Asia at once. “The lead […]
