End of Q3 Calendar 2022 - so lets recap the year from every headline we (chris/sub11) have captured since Jan 1 2022 - Thanks to Cache for supporting the updates!
Let's go !
• ASX listed Tyro Payments has provided their monthly transaction summary September : $3.529b (+63%), September YTD : $10.367b (+59%)
• Sydney based Shaype raised A$33m💰to focus on expanding the team to support a full pipeline of Australian clients, as well as international 🌎 expansion. ✅
• Melbourne based SME automation fintech Thriday raised $6m to scale by onboarding their 11,000 waitlist & launch new features 👾
• Paytron the full-suite workflows & spend management platform secures a $250,000 SAFE note from Commonwealth Bank's venture-scaling arm x15ventures as the winner of the Xccelerate 2022 program 🎉
• Envestnet | Yodlee partnered with Sydney based Lumiant to power their expansion to new markets including Australia 🇦🇺 and the United States 🇺🇸
• Salary on subscription platform Nine25 App, launched their Equity Crowd Funding EOI round via Equitise 📊
• George Lucas , current founder, MD & Joint Group CEO (International), of Raiz Invest will be leaving the organisation.
• Sydney based Grapple announced they are seeing 174% QOQ Revenue Growth 📈 and have processed >115k invoices 🧾
• Sydney based Greener partnered 🤝 with the Australian Retailers Association to help build a digital solution that will assist thousands of SME's in Australia 🇦🇺 build their own personalised pathway to net zero.0️⃣
• Growth funding platform Fundsquire reached $110 million AUD in funding to 250+ clients across 3 countries. 🙌
• ASX listed Tyro Payments appointed Jonathan Davey as the new incoming CEO. 📰
• Commonwealth Bank enabled "PayTo" , while also launching "Fuel Finder" available to 250,000 New South Wales residents to predict when they may next need to refuel ⛽️
• Hello Clever partnered with AMR Hair & Beauty Supplies 💈to be one of the first ever merchants in Australia to go live with PayTo 👏
• Superhero launched 🚀 Auto investing allowing you to invest in shares & ETF's on a recurring basis. 🗓
• pearler launched Automate v 3 🤖, a convergence of open banking and investing as well as round up feature for investing 📊
• ASX listed Tyro Payments rejected a an unsolicited, non-binding & indicative proposal to acquire them for $1.27 per share. 📈❌
• FinTech Australia ran their annual fintech festival called Intersekt in Melbourne with over 60 panel/Roundtable sessions in 2 days 💃🕺
• Micro investing platform Blossom App 📲increased targeted returns to 4% p.a. after the recent cash rate increase.
• Sydney based upcover launched their instalment program for insurance policies 🗓
• Bendigo and Adelaide Bank owned Up launched a "Locked" 🔐Savers function 💡
• Karta Gift Cards launched their new platform called 'Karta Cards'. This enables every business everywhere to issue & process Gift Cards 🎁.
• Tyro Payments provided their FY Result: Transaction Volume 🛍: $34.2B, Merchants 🛒 : 63,770, Loan Originations ☕️: $99.1m , EBITDA 📊: $10.7m
• Sydney based expense management platform Cape launched 🚀 “Cape Spend “ to help empower employee spending 📂
• Sydney based Hello Clever has raised $4.5m to build the next generation of payment & rewards 🎉🥳
• Sydney based EasyRentANZ has recently surpassed $1m in rent 🏠 payments in Sydney and is now at $1.13m ✅
• Micro investing platform Raiz Invest released their FY22 Update: Revenue 📊: $18.7 million, Global Active Customers 👾 : 652,702, Annual Recurring Revenue 🗂 : $14.7 million
• Heartland Group has entered into a non-binding MOU with Avenue Hold Limited in relation to the potential acquisition of Avenue Hold & its subsidiary Avenue Bank 🤝
• Bendigo and Adelaide Bank announced 📢 that Up has now over $1b in deposits & 550,000 customers 🛒
• Sydney based Paytron partnered 🤝 with J.P. Morgan which will enable customers to access localised banking in even more countries whilst increasing their processing capability. ✅
• Super Obvious, an ethical savings & investing app 📲 launched to the public.
• Crypto.com & DataMesh Group partnered to launch Australia’s 🇦🇺 first in-store 🛍 cryptocurrency payments across more than 440 of Peregrine Corporation retail outlets ✅
• Judo Bank provided their FY result : Lending portfolio 📕: $6.1b, Pro-forma before tax 📊: $15.6m
• The 7th Annual FinTech Awards 2022 were held in Sydney 🏆 with 22 winners announced.
• Commonwealth Bank reported their FY Earnings: Cash NPAT💰: $9.5b, Digital Customers 💻 : 8m, Commbank App Customers 📲: 6.9m
• Sydney based investing platform Blossom App announced 📣 they have $22m in FUM & > 6000 Customers 📊✅
• Openpay provided a trading update for July: TTV 🛒 : $39.9m , Revenue🗂: $3m Active Customers 🛍(total) :323,000, Active Merchants 🏪(total) : 4100
• EasyRentANZ hit $1,000,000 in rental 🏠payments through their platform.
• Gold coast based Send Payments partnered 🤝 with PEXA to allow multi-currency 💱 property transactions quickly and cost effectively ⚡️
• Up launched “Maybuy” allowing customers to create an automated savings plan for individual items they've found shopping online – dubbed a “Maybuy” 🛍✅
• Wagestream partnered with micro-savings platform Blossom App 🍀to offer employees a way to grow their savings by giving them access to the Blossom Fund. 📲
• ASX listed Raiz Invest announced they have 660k active customers 👩 💻and north of $1b in FUM
• Touch Ventures said they have $63m cash on hand to selectively support its existing portfolio & to consider new opportunities 📊
• Debt recovery solution InDebted raised $22.5m to grow their R&D team & deploy new features 🎮 ✅
• Westpac announced they will be launching a digital mortgage 🏠 product that allows customers to be unconditionally approved starting from 10 mins ⏱
• Wisr announced their Quarterly result : 4Q Revenue $17.6m, 4Q Originations 🚙 $186m , Total loan book 📒 $1.2b
• Raiz Invest updated the market for Q4: 4Q Revenue $4.3m 💰, ARR $14.7m 🎯, Global Active Customers 652,702 ⌨️, Total Australian FUM $940m
• MONEYME provided a 4Q update 🗂: Gross revenue of $55m 💰, Gross customer receivables of $1.4b 📚, Originations of $334m 🚗
• Payments as a service platform mx51 raised $32.5m in their Series B round 💰
• Sydney based Futurerent raised $9m in Series A funding ✅
• ANZ has announced they are acquiring Suncorp Group’s banking business for $4.9b 🤝
• Bendigo and Adelaide Bank owned Up launched to the public details around their digital home loan product called “Up Home” 🏠
•Sydney based Refundid closed their seed 🌿round, raising $12m including both debt & equity
• Share based loyalty platform Upstreet partnered with Maggie Maggie Beer Holdings to offer fractional shares in the company with each loyalty purchase 🧀
• Salary as a service company Nine25 App have launched their platform to private beta users 👾
• Sydney based WeMoney announced they have raised $7.0m💰to support their vision of financial wellness for all Australians🇦🇺 ✅
•ANZ has confirmed it is in discussions 💬 with KKR & Co. Inc. about a potential acquisition of MYOB 🗂
• Zip Co owned Pocketbook made the decision to close the app 📲 & web service💻 effective 5 August 2022.
• Sydney based Adatree launched the world’s 🌎 first Open Data marketplace called “Adatree Exchange” 📖🏪💻
• Super-Rewards announced they are now live “in-store” at over 300 retailers representing >1000 stores. 🛍🛒
• Brisbane based Bloom Impact Investing announced they have $1m of funds invested in climate solutions ⚡️since launching 3 months ago.
• Sydney based upcover raised $2.7 million in equity & $2.0 million in debt 💰✅
• Volt Bank announced it is closing their deposit taking business & intends to return its banking licence.
• Sydney based investing platform pearler raised $7.8mto Invest in data, growth & engineering & launch Autoinvest 2.0.
• Robbie Cooke, CEO of ASX listed Tyro Payments resigned to become MD & CEO of The Star Entertainment Group
• Envestnet | Yodlee partnered with Ayla to access to #openbanking data under the CDR & Support upcoming launches overseas
• FinTech Australia hosted their Finnies awards during the week with Simon Cant introduced in to the “Hall of Fame”
• Sydney based Parpera announced it has achieved 500 subscribed business members within 3 months of their debit card launch
• humm group announced it has a unrestricted net cash position of $132m & an undrawn syndicated debt facility of $110 million
• Kit - a platform assisting parents & children on the education process of money launched in the App Store
• Sydney based Wisr priced a $250M ABS deal at 2.23% over 1-month BBSW to reduce the cost of funds
• humm group & Latitude Financial Services announced the termination of the proposed sale of Humm’s Consumer Finance Division
• 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
• 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
• Spriggy announced a 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”
• Tyro Payments surpassed $30b of transaction value for the financial year - the first time since inception
• NAB launched their Buy Now Pay Later product allowing customers up to $1000 of payments split in 4 - with no late fees, no interest & no account fees.
• Tyro Payments announced they have hit $29.8b of transactional value this FY v $22.09b at the same time last year.
• Pushpay advised that it had received “unsolicited, non- binding and conditional expressions of interest or approaches from third parties looking to acquire the Company”.
• UNO Home Loans partnered with Acacia Money overlaying climate scores with lenders to enable home loan customers to choose a home loan that’s better financially & for the environment
• DataCo Technologies launched out of 1835i ventures. The DataCo Collaboration Platform allows organisations to connect & collaborate on customer data.
• Sydney based Nano Digital Home Loans announced they have been shortlisted for the AFR BOSS Most Innovative Companies awards
• InDebted announced they are launching in the UK to support consumers with a better solution to managing debt and improving their financial wellbeing.
• ETF Securities AU launched the first Bitcoin & Etherum ETFS with trading commencing on Cboe Australia
• Wpay launched “everyday pay” incorporating payments , gift cards and rewards all in one place.
• Melbourne based Archa partnered with Google to allow clients to obtain a Google Ads consultant to provide tailored advice on how to optimise advertising budgets & run successful campaigns.
• Zeller launched the “Zeller Contact Directory “ to allow their 13,000 plus merchants to strengthen relationships, identify opportunities & get better oversight of business spending
• Sydney based Agtech & Fintech AgriDigital raised $25m & has hired Andi Mastrosavas as their Chief Product & Growth Officer.
• Brisbane based FSCO - Fresh Supply Co. used DeFi to finance beef trade between Australia & Hong Kong using stablecoin in partnership with Mastercard & MakerDAO
• FinTech Australia announced the finalists for the #Finnies2022 - over 125 finalists were announced for an in person event on June 23
• Sydney based Hay Group rebranded to the name Shaype.
• Brisbane base Swyftx launched “Earn” allowing customers to earn interest on eligible cryptocurrencies held in their trading wallet.
• Novatti Group (ASX:NOV) launched a stablecoin called “AUDC” - a digital representation of the Australian dollar
• Stake raised an additional $50m from their $40m Series ($90m in total) for product development and marketing purposes.
• Basiq & FrankieOne announced a strategic partnership combining Basiq’s financial data insights with FrankieOne’s identity, onboarding & fraud prevention solution.
•WeMoney & Envestnet | Yodlee inked a global partnership to help WeMoney customers improve financial wellness and increased transparency using Open Banking and CDR.
• Sydney based blockchain platform Lygon raised $12.7m to support growth in the energy, mining, infrastructure & utilities segments. (Last week)
• Melbourne based Archa raised $4m in equity as well as securing a $20m debt facility to support growth & product development
•Brisbane based Supply chain & embedded finance company Fresh Supply Co. raised $4.8m to build out their platform + expand globally
• Cricket Australia & Australian Cricketers' Association have partnered with BlockTrust & RARIO 🔗to bring “eco-friendly digital collectable NFTs to Australian cricket fans.”
• Melbourne based crowd funding platform Birchal raised their maximum target of funding being $3m
• FinClear launched FCX - an platform to service the needs of unlisted emerging companies.
• Sydney based Athena Home Loans won the the Deloitte Technology Fast 50 Rising Star Award
• Envestnet | Yodlee announced they now have >100 Data Holders in Australian Open Banking
• Raiz Invest partnered with Montessori Australia to assist with financial literacy curriculum for school students
• Byron Bay based Zepto raised $25m to accelerate their Australian operations as well focusing on a international strategy.
•Sydney based payment solutions & data analytics company DataMesh Group raised $12m to scale both locally & offshore.
• Surfers Paradise based funding.com.au raised $37.5m - $35m debt and $2.5m to continue to scale operations & product
• Brisbane based Bloom Impact Investing launched Bloom gives access to clean energy infrastructure assets that were not accessible to retail investors.
• Fupay partnered with IGA, Foodworks & United Petroleum Pty Ltd to allow cash flow money management solutions for purchases.
• ASX listed Change Financial partnered with Mastercard in an exclusive 6 year deal for direct issuing
• Melbourne based BTC Markets partnered with Mastercard to give investors greater confidence in trading & depositing fiat
• “Blockchain Week” by Blockchain Australia concluded with over 200 speakers across multiple cities in Australia
• Noosa based Share Rewards platform Upstreet raised $3m for future growth.
• Decentralised finance platform Minke raised $650,000 to support their public launch & scale their team
• Melbourne based crowd funding platform Birchal announced they have raised over $100m in capital since inception
• Coinspot announced they are allowing NFT trading using any of their 350 cryptocurrencies
• Sydney based Cape raised $3.1m in equity & $30m in debt to scale their team & Corporate Credit Card offering.
• 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.
• Sydney based Immutable raised $200m (USD) in Series C funding to make NFTs mainstream through blockchain games & more
• Touch Ventures announced they invested $500k in Her Black Book (as part of the $1.6m raise last week) which specialises in women’s fashion , beauty and lifestyle brands.
• Gold Coast based Cake raised $2.2m to launch globally backed by Jason Calacanis & Rampersand
• Sydney based Super Fierce launched to the public - with the ultimate goal to make appropriate, affordable advice accessible to every woman in Australia
• The New Payments Platform (Australia) announced they have just surpassed 10m registered PayIDs.
• According to the State of Australian Startup Funding 2021 by Cut Through Venture & Folklore Ventures 25% or $2.5b of funding was in the #fintech sector - the highest sector of investment by 2.5x.
• Blockchain Australia found a home for Day 3 of their Blockchain Week - the AFL - AFL - Australian Football League’s Marvel Stadium Talking all things #nfts #metaverse & #gamefi
• Sydney based tiiik raised $5.2m to accelerate product development, go-to-market & launch in key global markets
• Touch Ventures announced their 1H results: with Investments in Basiq, Till Payments , preezie & Refundid - they also have cash of $78.7m for future investments
• Cointree announced they partnering with the Melbourne Storm
• Judo Bank provided their 1H results :Gross Loan Book $4.85b , Underlying NIM 2.73 %, Pro Forma Profit Before Tax $3.0m
• Zip Co announced their interim 1H results :Record Revenues $302m , Record TTV $4.5b ,Customers 9.9m , Merchants 81,800
• Brisbane based Swyftx inked a 3 year partnership with the National Rugby League including naming rights to the Bunker in 2023
• Bendigo and Adelaide Bank owned Up announced some metrics : 460k customers ,>$1b deposits, ~1.9m accounts created
• Gold Coast base Send Payments partnered with Finsure to enable its brokers & clients to transfer money overseas
• SelfWealth partnered with BTC Markets to become the first Australian online share trading platform to offer cryptocurrency investing
• Prospa. announced record half year originations of $315.2m , record revenue of $78.5m , & a buyback of up to 10 % of their shares
• Suncorp Group launched their “Banking you can feel good about “ campaign across TV, Cinema , Digital , Social & Outdoor
• A Coinbase ad featuring just a floating QR code during the Super Bowl saw more traffic than they’ve ever encountered
• Tyro Payments provided their 100thconsecutive weekly COVID-19 Trading update: Feb YTD Transaction Volume Up 32%
• Sydney based Slyp raised $25m in their Series A round to fund future growth
• Revolut secured their Australian credit license.
• Commonwealth Bank acquired 20% of Brisbane based payments company Paypa Plane for an undisclosed sum
• 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.
• AirTree announced a $50m fund focusing on DeFi, NFTs and DAOs.
•Sydney based OwnHome raised a $31m Series A round - delivering a new path to homeownership
• FinTech Australia launched a comprehensive, free and interactive #fintech ecosystem Map
• ASX listed MoneyMe Limited announced $25m revenue and $269m of originations for the Quarter
• Instant raised $2.2m in a pre-seed round to help build a frictionless economy
• Sydney based Refundid partnered with Thread Together to allow customers to donate $1 of their refund to go 100% to Thread Together
• butn partnered with Freightlancer to provide automated end to end business transaction funding
• Tyro Payments announced they are up 31 % YTD for transaction volume
•Cashrewards ceased trading on the ASX following their takeover by 1835i
• Zip Co provided a market update - 9.9m customers , 2.6b transactional volume , 81.8k merchants
• The ASX welcomed Sydney based Beforepay opening at $2.50 v the IPO price of $3.41
• Financial wellness app “Experity” part of Experity Capital had $250m worth of assets linked to the app in its first 5 days
• FTX was named as the official naming rights sponsor for the Australian Blockchain Week to be held in March this year.
• Sydney based Blossom App reached $15m in funds under management
• Crypto.com partnered with the AFL - Australian Football League to be the Official Crypto Exchange & Trading Platform & the Naming Rights Partner: "Crypto.com AFL Score Review"
• Sydney based Immutable announced they’ve hit more than $100M+ USD of NFTs traded GAS-FREE on #immutablex
• Tennis Australia launched the AO Art Ball NFTs bring together sport, art, technology & data in a unique way, giving people an opportunity to own a piece of the Australian Open
• NAB intends to acquire 100 % of the shares in LanternPay to combine their technology with HICAPS
• Blockchain Australia announced the biggest event in Australian Blockchain Industry history being Australian Blockchain Week
• ASX listed humm group received a proposal from Latitude Financial Services for the purchase of its BNPL, instalment, & credit card operations for cash & scrip equating to $335 million.
• Tyro Payments appointed Shefali Roy & Claire Hatton to their board
• Loved rebranded to Flyte as they look to unlock Gen-Z teen's financial wellness & launch their crypto and credit-building banking products.