Sub11 Sunday Weekly Summary 20 March 2022

A summary of the week that was in Australian fintech

Fintech Sunday Weekly Summary for Sub11 Image

• Sydney based Bridgit (formerly TechLend) raised $7.7m to scale their team, invest in tech as well as to focus on the broker channel 🏠

• Bendigo and Adelaide Bank owned Up launched “Zap” - a digital only debit card 📲

• Raiz Invest released some metrics : 📄 63 % FUM has a balance <$10,000, $191m invested in Super up 136% YOY

• Melbourne based Mr Yum launched ‘Split & Pay’ allowing customers to pay the bill 🧾 at the end of a meal 🥘 & split it between guests.

• ASX listed Tyro Payments released their weekly trading update : 🗂 March YTD volumes up 33 % to $22.432b , March to March 1 YOY up 39% to $1.085b

• Parpera launched their business debit Mastercard for Australian Sole Traders 💳

• BidFin launched a product allowing 🇦🇺 MSP’s & ISV’s to be pre-funded 📊 against future Monthly Recurring Revenue Contracts. 🎟