Chris Titley Newsletter to 4th March 2024

Another strong week in fintech

17.28% through 2024 already and the news does not stop - let's get straight to it

  • ASX listed Prospa announced a scheme of arrangement with a consortium led by the Salter Brothers Tech Fund to acquire 100% of the company.

  • MONEYME announced they made $6m in NPAT in 1H24, reflecting "technology-driven cost efficiencies, strong credit performance, and effective interest rate management."

  • Avenue Bank has now been issued a full banking licence by Australian Prudential Regulation Authority.

  • Marketech announced they had a record number of subscribers in February.

  • Beforepay Group launched "Carrington Labs". Carrington Labs will offer the same technology and AI tools used in Beforepay's ethical lending products to enterprise clients.

  • Hello Clever has announced a partnership with | Double Your Miles paving the way "for a fintech revolution in Australia".

  • Beforepay Group announced their first profit - $2.2m before tax as a public company.

  • Commonwealth Bank have announced that Up (part of Bendigo and Adelaide Bank ) & fraud monitoring company Satori are officially piloting their “NameCheck”solution.

  • Xero is extending bill payments into the US through a new strategic partnership with BILL . BILL is a leading financial operations platform for small and midsize businesses with more than 470,000 businesses using its financial automation solution.

  • Novatti Group (ASX: NOV) announced they raised $822,500.00 in their Share Purchase Plan as part of it's $5.5m capital raising.

  • Super Mate and ASF Audits announced a one-click audit integration that delivers time saving automation for sending and receiving a fund from audit.