Sub11 Sunday Weekly Summary 5 June 2022

A summary of the week that was in Australian fintech

Fintech Sunday Weekly Summary for Sub11 Image

• Spriggy announced 📣an capital raising extension of $10m from their Series B late last year to a total of $45m to grow the member base & develop more products & features to help parents teach kids about money. 📲✅

• humm group announced 📢 that the “Majority Directors believe that HCF’s current performance, the existing market environment, and the strategic imperative of scale reinforce their view that the HCF Sale (to Latitude Financial Services) is a highly compelling value proposition for all Humm shareholders” 🎥🍿

• ASX listed Laybuy announced their FY22 update 📊with GMV up 47 %, customers up 23%, merchants up 50% 🏪🛍

• Tyro Payments surpassed $30b of transaction value 💳 for the financial year - the first time since inception 🎟