foreign exchange

Aug
06

OFX’s UK e-money licence shows up relatively sluggish Aussie fintech laws

ASX-listed online foreign exchange provider OFX will issue a trading update alongside its annual general meeting on Tuesday, and it is part of its aspirations to be a fintech player of global scale. A central element to this vision is the ability to expand its range of payment services. And so its announcement last week […]

By Reposted by Australian FinTech | ASX . Currency . FinTech
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Jul
26

Bizmoto in partnership with leading Filipino Remittance Co

Peppermint Innovation Limited today announced its online international remittance business, Bizmoto, has signed a partnership agreement with Direct Agent 5, Inc (DA5) – one of the Philippines’ leading non-bank remittance payout providers. Under the agreement, Bizmoto will be able to use DA5’s 1000+ locations in the Philippines as trusted remittance payout providers for its customers […]

By Australian FinTech | Currency . FinTech . Payments
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Jul
23

Explainer: What is Ripple?

Not just a poor man’s Bitcoin, the currency exchange network Ripple is the dark horse of fintech. Ripple is far more than simply a “poor man’s Bitcoin”. Despite the host of cryptocurrency copycats on the market right now, Ripple isn’t simply copying the status quo. This currency exchange and remittance network actually has a lot more […]

By Reposted by Australian FinTech | Banking . Currency . FinTech . Payments
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Jul
03

Airwallex in the money with $108m raise

Melbourne-based fintech start-up Airwallex has closed the second-largest fundraising round in Australian start-up history, taking in $US80 million ($108 million) for a Series B round led by Chinese conglomerate Tencent Holdings, alongside Sequoia Capital China and Melbourne’s Square Peg Capital. The company, which was founded by five Chinese-Australian 30-somethings, has built a system to enable […]

By Reposted by Australian FinTech | Currency . FinTech . Investing . Venture Capital
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May
10

Peppermint launches international remittance business Bizmoto

Peppermint Innovation Limited announces the launch of its new online international remittance portal, Bizmoto, aiming to leverage off its burgeoning Philippines mobile-banking platform. Bizmoto, which roughly translates into “Your Business” in Filipino language, allows money to be transferred from Australia to the Philippines and is initially focussing on enabling ex-pat Filipinos living in Australia and […]

By Australian FinTech | Banking . Currency . FinTech . Payments
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Apr
23

FinTech startup Pelikin looks to recruit Gen Y investors

After a highly successful expression of interest campaign on equity crowdfunding platform Birchal, Melbourne FinTech startup Pelikin is continuing to rally millennials to invest in Pelikin. Encouraging Gen Y Professionals to invest in the banking alternative with as little as $100, Pelikin is hoping to get as many users as possible over the next month […]

By Australian FinTech | Currency . FinTech . Investing . Payments
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Apr
12

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 […]

By Reposted by Australian FinTech | Currency . FinTech
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Apr
06

How Fintech is changing the way we do business?

Although it seems ubiquitous, Fintech is actually still a very young industry. That said, there are certainly distinctly common threads across those within it, which could largely be considered increased accessibility, and speed. Fintech is responsible for the introduction and rise of peer-to-peer payments, mobile banking, and omnichannel payments processing which benefit not only individuals […]

By Reposted by Australian FinTech | Currency . FinTech . Payments . Peer-to-Peer
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