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Limited access to funding and long sales cycles are hampering Australia’s regtech industry, preventing the sector from realizing its full potential.
Global fintech leader Airwallex today announced that it has closed its Series D fundraising round at A$250m (US$160m), marking its biggest raise to date.
Australia’s first smartbank, 86 400, has closed its Series A capital raise. $34m of new equity was raised in March, bringing its total capital to $90m.