Sub11 Sunday Weekly Summary 14 August 2022

A summary of the week that was in Australian fintech

Fintech Sunday Weekly Summary for Sub11 Image

• 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.

• ASX listed Butn saw record monthly originations of $31.5 million & secured a further $5m of funding 📂