Sub11 Sunday Weekly Summary 13 Feb 2022

A summary of the week that was in Australian fintech

Fintech Sunday Weekly Summary for Sub11 Image

• Sydney based Slyp raised $25m in their Series A round to fund future growth 📈🧾

• Revolut secured their Australian 🇦🇺credit licence 🎟✅

• Commonwealth Bank acquired 20% 📊 of Brisbane based payments company Paypa Plane for an undisclosed sum 🤝

• Sydney based Immutable partnered with NYSE listed GameStop to establish a $100m fund around NFT’s.💰👾

• WeMoney officially 🎟 became accredited as an unrestricted Accredited Data Recipient (ADR) under the Consumer Data Right 🏦

• Australian Payments Plus launched which brings together BPAY Group, eftpos and NPP Australia 🇦🇺 🔗

• FinTech Australia announced 📣 Andrew Porter as their new CEO 🥳

• US 🇺🇸 focused BNPL platform Zebit announced they intend to de-list from the ASX.