Sub11 Sunday Weekly Summary 31 July 2022

A summary of the week that was in Australian fintech

Fintech Sunday Weekly Summary for Sub11 Image

• 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 🚗