Fintech newsletter to 18/6/2024

Another huge couple of weeks in fintech with product launches, award winners and funding rounds - lets get to it:

Another huge couple of weeks in fintech with product launches, award winners and funding rounds - lets get to it:

Also a big thank you to Vanta for supporting this newsletter - see the bottom for more information.

Here goes with the news :

  • Betashares announced they have had a $300m capital Injection from Temasek for a minority position and to further accelerate growth. Alex Vynokur and the team now have $38b funds under management. I remember back at the old Morgans days when this was <$5b - extarodinary growth!

  • WeMoney had triple success at the Finnies - taking out the following prizes: Excellence in Wealth Management (including PFM and Robo), Excellence in Open Data and Fintech Organisation of the Year (People's Choice) - congrats to Dan Jovevski and the team.

  • Sydney based Bridging loan platform Bridgit announced a $14.6m equity and $125m debt raise to fuel their growth. OIF Ventures participated in the transaction.

  • Jason Titman was appointed CEO of Brisbane based Crypto currency platform Swyftx . Jason is also on the board of ASX listed fintech Findi

  • Hello Clever announced the launch of a instant in-store cashback product in partnership with ASX listed Tyro Payments. The product is also "in store". This includes instant cashback rewards, seamless integration with Tyro and real time data insights.

  • Commonwealth Bank of Australia (CBA) announced a strategic collaboration with real estate software provider MRI Software to deliver a solution to the residential real estate sector, and a more seamless experience for Australian real estate agents, property managers and tenants.

  • Commonwealth Bank of Australia (CBA) also announced new products, services and features for business customers, aimed at meeting more of their banking needs. CBA’s Group Executive Business Banking Michael Vacy-Lyle said: “As Australia’s leading business bank, we are committed to developing innovative products that do more for our customers, meet more of their needs, and provide that single, holistic experience to eliminate confusion and complexity from their banking.”

  • Two Australian entrepreneurs have partnered with tech unicorn VNG, to launch Instantia, a new, free FX platform which has been developed to tackle the high-stress culture within financial services caused by a lack of transparency and innovation to date.  Richard Poulton Danny Pezeshki

  • Tappapay has taken the tough decision to close down operations - Cameron Ross is looking for new opportunities. I've met and known Cameron for a while at many events.

  • Travel payments platform Mint Payments Limited announced a first industry tailored EFTPOS solution for travel.

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