Sunday Weekly Summary October 16, 2022

Sub11 Sunday Weekly Fintech Summary

Fintech Sunday Weekly Summary for Sub11 Image supported by cache

This summary is supported by Cache:

  • Airwallex has raised an additional US$100 million in a Series E2 financing round with the same US$5.5 billion valuation. 💰

  • Sydney based Cape has partnered with Codat to automate 🤖 accounting 🗂 administrative tasks at scale.

  • Byron bay based Zepto has announced 📢 their launch in to New Zealand 🇳🇿 ✅

  • NAB has launched "Easy Tap" that turns your Android device into a payment terminal to accept contactless card payments 💳🧾 - whilst also launching "NAB Messaging " for customer chat on web and mobile

  • ASX listed Tyro Payments has updated its earnings guidance range for FY23 :

    * Forecast transaction value retained at between $40 billion to $42 billion 🍔

    * EBITDA Range $28m-$34m 📊

  • Zip Co announced their Co-founder and Global CEO Larry Diamond was moving to New York to help "spearhead Zip's next phase of growth in the US"

    Cache is Australia’s leading investment-as-a-service provider; allowing any company to offer investment products to their customers. Cache builds, operates and manages white-labelled investment products for its clients and currently powers 78% of micro-investing products in the market.