Today
Finance service for young art collectors in the know launches in the UK
Local gallerists credit Australian-founded Art Money with helping to them keep afloat through the pandemic by wooing Millennial clients.
- Dan F. Stapleton
Yesterday
Finder scouts for investor to fund global rollout, Highbury on board
Fifteen-year old start up Finder is leaving no stone unturned in its quest to find a backer to help fund its planned global rollout.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Australian IT bosses walking tight rope on costs
Tech executives at lenders and insurers are being forced to balance heightened expectations from customers against demands for tighter cost control.
- James Frost
Perpetual Digital will streamline securitisation deals
The 130-year-old company has a new innovation unit that will soon launch a product that automates the securitisation process for issuers, advisers and investors.
- James Eyers
This Month
Future metrics key to neobank Judo’s current value
Pre-IPO research from Goldman Sachs analysts on fintech Judo asked investors to think about the neobank under a lens of how the business looks at scale.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Goldmans backs Timelio’s $270m invoice financing warehouse
The fintech SME lender has seen demand for its short-term loans rise by 15 per cent each month for the past six months.
- James Eyers
No receipts: Slyp and DiviPay partner on expenses
All major banks are shareholders in Slyp, which delivers receipts straight into apps. DiviPay will use it to feed employee spending to accounting software.
- James Eyers
DeFi platform mistakenly sends $89m; CEO begs return
A bug in a recent update of decentralized finance platform Compound sent users nearly $90 million-worth of cryptocurrency in error, leaving its creator’s CEO begging users to voluntarily send it back.
- Joe Light and Bloomberg News
- Exclusive
- Wealth Generation
The mum spruiking crypto at school pick-up
Bamboo’s chief operating officer tells investors, financial planners and fellow parents that digital assets might be volatile, but they’re here to stay.
- Aleks Vickovich
September
Australia’s booming warehouse funding market eyes $10b
Beginning with IFM Investors 15 years ago, there are now a dozen such asset managers providing mezzanine debt warehouse funding in Australia, and the list keeps growing.
- Updated
- Cecile Lefort
UK unicorn’s plan to make online payments cheaper
TrueLayer is planning to use new open banking infrastructure to enable account-to-account payments beyond the real-time payments platform.
- James Eyers
Wise to plug directly into real-time payments, cutting out banks’ role
The London-listed forex fintech will become the first non-bank to settle and clear its own payments using the ‘new payments platform’.
- James Eyers
- Exclusive
- BNPL
‘Get cover, pay later’ insurance player launches after funding round
Coverpay, the latest entrant to Australia’s buy now, pay later scene, will launch next month, targeting the general insurance sector after raising $2.5 million.
- Paul Smith
Is this a tipping point for digital financial advice?
A white paper has sparked hope among fund managers and insurers that they could acquire new business via the emerging business of digital financial advice.
- Aleks Vickovich
Airwallex cracks $5b valuation with $275m raise
The Australian payments ‘unicorn’ has almost doubled its valuation on paper on the last six months, after closing a funding round led by a US-based hedge fund.
- Paul Smith
Raiz founder prevails in boardroom row
Two non-executive directors have resigned from the board of Raiz Invest as the popular fintech’s founder George Lucas consolidates power over the company.
- Aleks Vickovich and Jonathan Shapiro
ANZ exits online share trading in $25m sale
Stockbroker CMC Markets will pay $25 million for ANZ’s online trading customer base, hastening the trans-Tasman bank’s retreat from wealth and investing services.
- Aleks Vickovich
I can point to $5b of easy savings: Former CBA exec Pete Steel
After more than a decade at Australia’s biggest bank the former chief digital officer is targeting one of its key sources of profit.
- James Frost
Bridging finance fintech TechLend hunts fresh funds
Only two months after launching, TechLend has already received $100 million of applications for its bridging finance loans for property purchases.
- Anthony Macdonald and Yolanda Redrup
Consumer data right will break down traditional industry silos: ANZ
ANZ’s head of data Emma Gray told a Morgan Stanley event that within a decade banks could be supplying platform services to the rest of the digital economy.
- James Eyers
