Sunday Weekly Summary November 20, 2022

Sub11 Sunday Weekly Fintech Summary

Fintech Sunday Weekly Summary for Sub11 Image supported by cache

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Sunday Weekly Summary November 20, 2022

  • Commonwealth Bank announced 📣 cash net profit after tax (NPAT) of $2.5 billion for the quarter ending 30/9. 💰

    Matt Comyn, CEO said 💬 “In a competitive environment we remained disciplined and achieved good volume growth in our core markets” 

    Y Combinator backed Wagetap secured a $15,000,000 senior secured receivable facility ⚙️ from newly created Rixon Capital to support their growth

    * ASX listed Zip Co announced they are now live 🛒 on eBay Australia 🇦🇺

    * Non-bank lender Bridgit partnered 🤝 with Finsure. The new partnership sees Bridgit join the aggregator’s lender panel 📋 as its first tech-driven 🔗 bridging solution.

    * Brenton Charnley launched 🚀 Open Finance Advisors , a consultancy to "help local and global 🌎 businesses make open banking and open finance a reality through the Consumer Data Right (CDR). "

Cache is Australia’s leading investment-as-a-service provider; allowing any company to offer investment products to their customers. Cache builds, operates and manages white-labelled investment products for its clients and currently powers 78% of micro-investing products in the market.