A massive two weeks of funding rounds, partnerships, ASX results and a little bit of M&A. M&A in fintech has been very light on - but what's around the corner?!
Rich Data Co, an AI decisioning platform provider for lenders, has secured $9 million from Acorn Capital Management , completing a $37 million Series B funding round.
Zip Co reported positive net cash from operating activities of $65.2 million for the quarter ended June 30, 2024.The company's cash and cash equivalents increased to $353 million, with $231.6 million in restricted cash.
Furthr has partnered up with Raiz Invest to launch their new 'Automatic Rewards' product. 300,000+ customers are enrolled, 8,000+ transactions have already earned cashbac and they included Flight Centre as a partner today.
Raiz Invest reported Q4 FY24 results with revenue up 28.1% YOY to $5.5m and total FUM up 23.4% YOY to $1.4bn.
Novatti Group (ASX: NOV) reported a 41% quarter-on-quarter improvement in net operating cash outflow to $2.5m, with quarterly revenue of $12.5m, up 23% year-on-year.
After c5 years of being on the ASX - Fintech Prospa delisted following implementation of a a scheme of arrangement to have all issued capital of PGL acquired by Salbridge Pty Ltd - an entity controlled by a consortium led by the Salter Brothers Tech Fund.
Cashrewards, an investee company in the 1835i portfolio, has acquired Little Birdie, a shopping companion with world-leading technology. Little Birdie's platform uses advanced machine learning to help customers find products easily, track prices in real-time, and compare prices effortlessly.
Slice has raised 17.5 M AUD in a combined equity and debt round - led by Peak XV Partners and Roadnight Capital.
Co-operty has announced a strategic partnership with Effi Technologies (Effi) to help more people buy their own home using co-ownership.
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