Sub11 Sunday Weekly Summary 12 June 2022

A summary of the week that was in Australian fintech

Fintech Sunday Weekly Summary for Sub11 Image

• Brisbane based Swyftx & Sydney based Superhero agreed to merge 🤝creating a digital financial company with 800k customers.

•ASX listed Judo Bank announced 📢 they have had lending growth of $180m for the month of May & a loan book 📖 & advances in total of $5.74b 📊

• Macquarie Group announced they are increasing 📈the variable interest rate customers earn on their transaction account to 1.50% p.a. on balances up to $250k 💰

• Westpac announced an exclusive partnership with MYOB providing eligible business customers with a bonus 🥳 12-months of the MYOB Business Lite or Pro software.🎟✅

• Basiq & Zepto formed a partnership to combine data & payments on the Basiq platform 🧑‍💻

• Cape partnered with GoCardless to streamline 🗂recurring & one-off payments & will be amongst the first to roll out PayTo instant ⚡️account-to-account payments.

• Raiz Invest released some metrics :Investment accounts: 1,447,679 ✍️,Active customers: 648,349 💻, FUM: $1.007b 📊