Welcome to 2023 - and thanks to the 3800 strong recipients of this newsletter for your ongoing feedback of what is happening in fintech here in Aus.
Lots of words for 2023 floating around - but one that has caught my eye is "collaboration" - so I'm very keen to help fintech founders, partners, proffesional service providers and investors with any links, intros , sharing of news or data points - feel free to reach out!
January was reasonably quiet on the fintech front (21 pieces of news) - but here goes:
All the headlines from January 2023 in one place - a PDF available on request.
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Nano Digital Home Loans announced 🎤it will no longer be providing loans & has evolved to being a provider of global leading technology 💻to financial services companies. The loans will be managed by ASX listed AMPProperty software company
PropertyMe has launched "me pay" a product allowing instant ⚡️ rent payments from tenants free of account detail sharing 🏠
ASX listed Wisr have said they were profitable for the quarter. Anthony Nantes CEO said “This quarter is a significant milestone in the Company’s progression as we deliver our first profitable quarter. We’ve delivered both positive Cash EBTDA and strong operating cash flow through a range of management decisions focussing on near-term, sustainable profitability.”
Melbourne based Zeller is launching their own transaction account and debit card 💳 to compliment their existing offering 🧾✅
AU and NZ based Accountant and tax automation 🤖 tool 🛠️ for sole traders Hnry has raised $35m to scale their growth.
Max Cunningham , formerly of the ASX has joined FCX (part of FinClear ) - FCX has the “simple goal to replicate the listed market ‘user experience’ for unlisted assets” 👋🏻✅
ASX listed Tyro Payments has offered due diligence 🔬to Potentia for another 4 weeks 📅to “enable a significantly improved proposal and confirm the necessary funding commitments attached to any possible future offer. “
Gold coast based funding.com.au has launched its new instant ⚡️ quote tool, which allows customers to get an instant quote 📋 for a loan with the digital bridging 🏠 lender in real time.
ASX listed Change Financial has been granted their AFSL. This allows the company to issue prepaid cards 💳 in the Australian 🇦🇺 market.
Doshii (owned by x15ventures) has partnered 🔗 with Uber to allow Uber Eats venues to connect & eliminate order re-entry & errors 🧾
Sydney based Grapple announced 📢they have funded against $100million of invoices🧾
Sydney based savings platform Blossom App has reached $35m in funds under management 🌿✅
ASX listed Tyro Payments have announced 📢improved guidance 🗂️ for all key operating metrics including their EBITDA which they have guided between $37 million to $41 million ✅
Brisbane based Bloom Impact Investing have raised $525,000 to hire staff, grow partnerships & expand their product suite.
Melbourne based Zeller has appointed Priya Kanniappan as its new head of marketing. Priya was most recently the group marketing director at carsales.com.au 👍✅
ASX listed Raiz Invest announced they have 676,675 active customers with $1.050b of Funds under management. 🗂️