Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
  • Advertisement
    Technology

    Fintech

    This Month

    Four listed fintechs allege major banks are conspiring against them by restricting access to crucial credit file data.

    Four listed fintechs say they’ll be smashed by credit report rules

    Plenti, MoneyMe, Harmoney and Wisr allege major banks are conspiring against them by restricting access to crucial credit file data they use to price loans.

    • James Eyers
    Ellerston Capital's Ashok Jacob.

    Ellerston, Tattarang-backed private fintech bags new CEO

    Andrew Baines will join Azupay on Monday as Ellerston Capital and Tattarang plot how to help the payments start-up grow with an eye on an exit.

    • Tom Richardson
    Tony Fitzgibbon, founder and chairman of Data Zoo, a fintech which has banked a $30 million investment.

    $100m Sydney fintech raises $34m to take on global rivals

    Ellerston Capital has taken a stake in digital identity and verification player Data Zoo, in a deal that values the Sydney-founded business north of $100m.

    • Tess Bennett
    TToby Norton-Smith says x15’s app will help people guard against the growing risk of identity theft.

    CBA beats government to start-up opportunity from data breach scandals

    Commonwealth Bank has a new app launching on Tuesday to warn citizens when their identity documents are in the wrong hands.

    • Paul Smith
    Cash App is growing, including by incorporating Afterpay. But regulators have been scrutinising its compliance controls.

    Buy now, pay later surges as Dorsey realises Cash App vision

    Block’s BNPL volumes are rising as Afterpay is rolled into Cash App, which has 24 million active users in the US. The stock jumped more than 10pc on Friday.

    • James Eyers
    Advertisement

    April

    Capify is saying goodbye to Goldman Sachs as its funder.

    SME lender Capify swaps out Goldman Sachs as funder

    Goldman Sachs Private Capital had previously funded Capify with a $135 million facility established in 2019. 

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Credit Clear co-founder and property developer Mark Casey (left).

    Mark Casey-backed debt recovery fintech plots path to the Nasdaq

    Having launched in all 50 US states and in Canada, Remitter has signed on a range of enterprise clients including Bank of America, Citizens Bank and Hyundai.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    India is still as cash intensive economy.

    Payment provider Findi lands licence for branded ATMs in India

    Findi is backed by Wilson Asset Management and the Flannery family. The company expects to rebrand about 4000 ATMs which it already operates for the State Bank of India.

    • Primrose Riordan
    Honey Insurance chief operating officer Angelo Azar, with CEO and founder Richard Joffe and chairman Peter Tonagh. The company can now plan to spend $108m of funding.

    Sydney start-up Honey Insurance lands blockbuster $108m US investment

    After 305 meetings Honey has closed a huge series A funding round, but it had to head offshore to find the right investors.

    • Paul Smith

    March

    Matt Comyn at the Summit on Monday. The CBA chief executive said Apple should be subject to more scrutiny in Australia.

    When it comes to how we pay, Apple is coming for the big banks

    Commonwealth Bank boss Matt Comyn says policymakers need to be alert to the dangers of ceding important industries to global tech platforms without scrutiny.

    • James Eyers
    Commonwealth Bank CEO Matt Comyn at The Australian Financial Review Business Summit.

    Why CBA’s Comyn wants a fight with big tech

    Commonwealth Bank boss Matt Comyn is defending the contribution of large Australian companies and criticising the lack of scrutiny of the big tech giants.

    • Jennifer Hewett
    BNPL comeback: Cynthia Scott from Zip, Sebastian Siemiatkowski from Klarna, Nick Molnar from Afterpay and Tim Cook from Apple.

    Buy now, pay later is pulling off the improbable – a comeback

    Block and Zip valuations are rising as peak interest rates pass. Klarna is considering listing in the United States. Is the sector’s winter finally over?

    • James Eyers

    February

    Anthony Eisen, Jack Dorsey and Nick Molnar.

    Nick Molnar backs Block’s bid to reshape US banking

    The billionaire Afterpay co-founder Nick Molnar tells AFR Weekend he’s been working with Jack Dorsey on Cash App, and they’re ready to tackle US banks.

    • James Eyers

    A bank in your pocket: Macquarie and CBA vie for app supremacy

    Until now, the only reason to switch banks was to get a better deal. The rivals are changing that with digital investment on a scale the industry has never seen.

    • James Eyers
    Craggle co-founders Luke Oxley and Ben Baume. Both worked at Westpac.

    How you could save up to 1pc off your mortgage rate

    Three fintech start-ups – Craggle, Stay or Go and Elula – are challenging mortgage brokers and comparison sites by helping banks negotiate deals with customers.

    • James Eyers
    Advertisement
    Fat Zebra CEO Pred Dragila.

    What this small fintech deal says about the big shifts in data sharing

    Few have heard of Fat Zebra and Adatree. But the acquisition points to emerging data rights, as screen scraping teeters and Apple enters open banking in the UK.

    • James Eyers

    January

    ‘Pretty much donezo’: Afterpay’s global ambition feared in job cuts

    The company’s US parent, Block, told staff on Wednesday it is beginning to enact plans to cut more than 1000 jobs globally.

    • Nick Bonyhady
    Apple wants the Albanese government to rethink new RBA powers, as the tech giant remains open to negotiate bank iPhone access rules in Europe.

    Apple concedes to European banks amid concern on new RBA payment power

    Apple said it would allow European banks to let customers make tap and go payments from their iPhone apps outside Apple Pay, emboldening local lenders.

    • James Eyers
    Zip will report a first-half cash profit between $29m and $33m on February 27.

    Zip shares jump on path to profitability

    Zip shares opened 15 per cent higher on Monday morning, in a sector still weighted down by negative sentiment.

    • James Eyers
    Airwallex founder Jack Zhang says the global payments giant he founded could float in two years.

    Airwallex prepares for IPO ‘in the next two years’

    Its founder says start-ups have the right to push boundaries, as he responds to leaked documents that raise questions about the group’s compliance record.

    • Lucas Baird and Jonathan Shapiro