Sub11 Sunday Weekly Summary 1 May 2022

A summary of the week that was in Australian fintech

Fintech Sunday Weekly Summary for Sub11 Image

• Stake raised an additional $50m from their $40m Series 🅰️ ($90m in total) for product development📱& marketing purposes.

• Basiq & FrankieOne announced 📣 a strategic partnership 🔗combining Basiq’s financial data insights 📊 with FrankieOne’s identity, onboarding & fraud prevention 🔬solution.

•WeMoney & Envestnet | Yodlee inked ✍️ a global 🌎 partnership to help WeMoney customers improve financial wellness and increased transparency using Open Banking and CDR.

• ASX listed Wisr announced 📢they have surpassed $1b in loan origination 📊 since inception👋🏻.

• Sydney based blockchain⛓ platform Lygon raised $12.7m to support growth in the energy⚡️, mining, infrastructure & utilities 🏠 segments. (Last week)

• Melbourne based Archa raised $4m in equity as well as securing a $20m debt facility to support growth & product development💳📲✅
(Last week)