Five Fintechs On Friday – June 24, 2022

The new edition of the five fintechs on Friday is here!
 

Firstly, thank you all for attending Australia’s most prestigious fintech awards Finnies 2022. It was great to have leaders and industry stalwarts gather under one roof. We congratulate all the winners for their accomplishments and thank all the sponsors for their support. For more information on the winners, visit here

News from the industry…

FinTech Australia signed up five new major corporate partners, securing a total of 11 partnerships within the past five months. Zai waives PayTo fees, saving Australian businesses thousands of dollars. TreviPay Helps Compaynet Power B2B Trade Credit

 

Below are five fintechs to know about this fortnight!


Amfin


Amfin is one of the fastest growing Finance Companies in Australia. They however, would call themselves a customer experience business first – they just happen to solve their challenges or meet their needs through finance products. Since their inception in 2017, they have secured exclusive asset finance partnerships with industry leading organisations, accounting for approximately 40% of the total mortgage broker market. Amfin provides streamlined asset and cash flow finance in the consumer and commercial space as well as asset sourcing, insurance and commercial property solutions. Combined with a personalised application process, product matching technology and client portal, their experienced team have helped tens of thousands of clients to purchase assets and secure funding to help grow their businesses. Amfin’s mission is simple; to deliver a customer experience like no other.

 


BankiFi


BankiFi is a technology company that enables banks to reimagine business banking and help small business customers to thrive. BankiFi’s platform seamlessly connects to multiple sources of financial data, can be white-labelled and is ready to go “out-of-the-box.” It transforms the bank channel into the go-to place for businesses to manage their financial needs. Small business customers can get a complete picture of their finances and use their mobile or internet banking service for bookkeeping, invoices, payments, collections and setting aside tax – not just checking an account balance. The result is “embedded banking” and it’s a powerful win/win for banks and their small business customers.


Ebonex


Ebonex is a newly launched Crypto exchange dedicated to creating a seamless trading experience for Australians. Ebonex prides itself on being customer centric, secure, and transparent. Ebonex is committed in ensuring that all Australians have equal opportunity in understanding it and leveraging it. Women, people of colour and those who have a lower socio-economic status, were never included in previous financial institutions. As a result, they were unable to profit from it and when these institutions dictated social structures, their voices and needs were not considered. Ebonex is here to ensure all Australians know, because knowledge is power and power, should be equally accessible.


Think and Grow


Think & Grow are partners for bold technology businesses, helping tech startups compete globally in a world of rapid change, with a variety of services targeted for different stages and the people-side of growth. These services include Retrained (a digital upskilling and people-focussed program), Advisory (growth consulting), Land & Expand (international expansion) and Talent (exec & board search + onsite). Think & Grow was born to provide support to the ecosystem we identified as missing to help Australian businesses scale globally, and have worked with a number of early to high-growth Australian Fintech companies such as Zepto, Unhedged, Afterpay, Zip, Banxa, 1derful, Immutable, and have brought companies like GoCardless, Square and Stripe to Australia.


Nano Digital Home Loans


Nano digital home loans is a technology company that is disrupting the lending industry with a fully end-to-end digital home loan. Nano offers refinancers and property buyers full approval in minutes, not weeks, eliminating the stress and anxiety that comes with waiting for home loan approval. Since their launch in June 2021, Nano has achieved Australia’s record fastest home loan approval in less than 10 minutes, and just last month, announced that their technology will also power AMP Bank’s digital mortgage.


Check out our previous issues here!

Five Fintechs on Friday – 10 June, 2022

The new edition of the five fintechs on Friday is here!

But first, news from the industry…

Basiq launches Smart Payments to accelerate Australian fintech ecosystem. MyBond turns one, celebrated its first anniversary recently in Sydney. Currencycloud gains ASIC licence to operate in Australia. Change Financial bolsters card capabilities for New Zealand mutuals.

 

Below are five fintechs to know about this fortnight!

Kraken

Kraken is one of the world’s largest global digital asset platforms and a leader in euro volume and liquidity. Globally, Kraken’s client base trades more than 100 digital assets and 7 different fiat currencies, including GBP, EUR, USD, CAD, JPY, CHF and AUD. Kraken, now 3,000 employees, was founded in 2011 and was one of the first exchanges to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services. Kraken is trusted by over 8 million traders and institutions around the world and offers professional, round-the-clock online support.

APLYiD

APLYiD‘s new Digital Verification Of Identity (VOI) product uses ARNECC’s identity document requirements as the parameters for ID verification. APLYiD VOI is completed on a mobile device in under 3 minutes making the process seamless for customers throughout the home loan process and can capture documents like: driver’s licence, passport, medicare card, and name change certificate to assist in meeting regulatory requirements for lenders.

APLYiD’s leading biometric and document tampering technology can give you the confidence to know that the person making the application is who they say they are and their documents have not been falsified – while also accessing government data and other trusted sources to give the most complete, secure ID document verification in the world.

For a demonstration please get in touch with the team via www.aplyid.com

Azupay

Azupay are specialists in real-time payments and the first to offer an Australian made consumer-to-business payment solution using the New Payments Platform (NPP) and PayID. We provide a fast, efficient and cost-effective way for Australians to pay and get paid in real-time, 24/7, 365 days a year. With Azupay, we make sure your payments are faster, safer and smarter. Website: https://azupay.com.au/

oneZero

oneZero develops multi-asset class enterprise trading technology for retail brokers, institutional brokers, banks and liquidity providers. We offer a liquidity neutral solution for trading technology, distribution and analytics. Our technology handles $100B+ ADV, 6M+ transactions/day, and billions of quotes/day.

oneZero was founded in 2009 by Andrew Ralich and Jesse Johnson. Headquartered in Boston, Massachusetts, we have 120+ global employees delivering superior results for 200+ customers. We have development and operations centers in Asia, Australia, Europe, North America and the United Kingdom. oneZero is backed by a top-tier growth private equity firm, Lovell Minnick Partners.

InDebted

InDebted is changing the world of consumer debt recovery for good.

We’re a global digital debt collection solution with the world’s most intelligent, customer centric collections platform. Using data science and digital communication, InDebted has built a scalable product that delivers tailored messaging and personalised support to produce exceptional customer experiences and optimal recoveries. We are focused on the financial health and wellbeing of customers, taking an empathetic and understanding approach to supporting their debt free journey.

InDebted was founded in Australia in 2016 by our CEO/Founder, Josh Foreman. Fast forward to today, and InDebted has completed three funding rounds totalling $50 million AUD, we’ve grown to a team of over 250 people living and working in 11 countries around the world, and we’re operational in five markets (with many more to come soon).

Check out our previous issues here

Five Fintechs On Friday May 13, 2022

The new edition of the five fintechs on Friday is here!

 

Quick Updates

 

Thank you for tuning into our podcasts every week. We would like to hear your thoughts on our sessions through a quick one-minute survey to improve your experience.

Below are five fintechs to know about this fortnight!


Shaype

Shaype™ is the new name for Hay as a Service (HaaS). With Shaype, you can build unique financial experiences faster, smarter and with more confidence.

Their Embedded Finance Platform provides access to an ecosystem of powerful and flexible tools to put you in control. Their best-in-class cloud tech delivers fast payment experiences and auxiliary solutions.  They offer a core transactional bank account product, bank transfers, VISA card payments, wallets & tokenisation, dynamic authorisation, data & insights, seamless onboarding, and real-time fraud monitoring. Rapidly design and test products using their secure sandbox accelerator with access to both scheme and non-scheme payment environments.

Shaype provides solutions for both established and new-to-market businesses. Helping them remove complexity and risk to confidently meet their customer needs.


HelpPay

 

HelpPay is a new social fintech that takes the stigma out of asking for help and the effort of providing help. The patent pending technology turns every bill into a shareable link and payment page and, uniquely, guarantees financial help given towards a bill only goes to the provider. The company takes all the pain points and customers’ experience in the cycle of asking, giving and getting financial help today. It is also significantly cheaper for providers when managing their accounts receivable and less stressful for customers than traditional methods such as phone calls, sending letters and using debt collection agencies.


1WordFlow

1WordFlow is a regtech with expertise in knowledge management including transforming policies & procedures from PDF and Word documents into web pages that can be accessed on any device, at any time, in any language, with inclusive WCAG 2.0 accessibility features.
Its latest innovative solution is RegulationCity.Com – a single digital destination for every Australian financial services regulation.

It’s a game-changer for compliance, risk and legal professionals who are regularly called on to grapple with an enormous number of regulations, including over 2,500 updates issued by the likes of APRA, ASIC, RBA, OAIC and other regulatory bodies in 2021 alone.
RegulationCity.com is available on subscription and a free trial period is available.


FeeSynergy

FeeSynergy is the leading provider of cloud-based solutions for Australian and New Zealand Accounting and Legal firms – automated debtor management – payment solutions – proposals – engagements – and compliance solutions.
Our flagship platform called FeeSynergy Collect is fully integrated with leading practice management systems such as APS, CCH, GreatSoft, Lexis Affinity, MYOB AE/AO/Advance and Xero.
This platform is used by hundreds of leading professional service firms including the likes of Accru, Baker Tilly, Bentleys, Count Plus, DFK,  Hall Chadwick, Moore, Nexia, Pitcher Partners, PKF, Walker Wayland and William Buck.


CurrencyCloud

Banks, Fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud. Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in. Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut, Penta and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US and the EU.


Check out our previous issues here

Five Fintechs On Friday April 29, 2022

The new edition of the five fintechs on Friday is here!


Announcements and upcoming events!

We’re hosting our next meetup at Stone & Chalk, Melbourne to share FinTech Australia’s plans and goals for the year and connect with other fintechs and partners. Join our meetup on 4th May, 5:00 PM AEST. Limited seats for the event, register soon.


We recently onboarded seven new partners as a part of our ecosystem partnership program –  ii-A, Oracle, WNS, BSI, Latimer Partners, PROBE Group and Jumio Corporation. With this initiative, we’re happy to see our ecosystem partnership program grow. We will continue supporting the industry and integrating more companies across fintech community.



We’re pleased to invite for a webinar on EU fintech market and opportunities, co-hosted by Austrade. The discussion will focus on EU market trends, challenges and opportunities. Register for our event here.

Below are five fintechs to know about this fortnight!


Butn
Butn Limited is an Australian B2B funder, innovating the way SMEs grow their businesses, with near instant funding at the click of a ‘butn’. Not conforming to traditional regimes, Butn enables its partners’ users to access an in-platform solution to manage their cash flow needs, within their existing ecosystem, quickly and easily. The platform integration, via API, allows users to share their verified data with Butn for real-time registration and applications, allowing for decisions on applications within a matter of hours. Having funded over $700M to date, let Butn provide your customer cashflow solution.

Skript

Skript is a Newcastle & Sydney based start-up that is the most recent addition to the Accredited Data Recipient list. Skript was established to create simple and accessible solutions that connect businesses to the world of Open Banking. Transforming data into information, Skript provides companies with the right data and insights to build meaningful relationships with their customers.

Whether you want to streamline your customer onboarding and verification process, build serviceability reports using real-time transaction data, or reduce direct debit defaults by seeing if the funds are there, Skript can help you. For more info, talk to the team at hello@skript.com.au


MYOB

MYOB is a leading business platform with a core purpose of helping more businesses in Australia and New Zealand start, survive and succeed. They deliver end-to-end business, financial and accounting solutions direct to businesses employing between 0 and 1000 employees. Whatever success may look like for you, MYOB can help you to achieve it with innovative tools that enable business owners to be more productive and also integrated financial services in their platform that will save businesses time on paperwork. Time saved by business owners from using MYOB can then be better spent on activity that provides greater value to their business.


Thriday

Thriday is an all-in-one financial management platform for small-to-medium businesses. With Thriday, businesses can open a bank account and debit card in minutes. The income and expenses that flow through the account are then processed through a unique bookkeeping engine. This engine is then able to instantly assess transaction data and account activity to automate bookkeeping, accounting, BAS, and tax.

Thriday has been designed to run on autopilot, winning back time for busy business owners and making it easy for them to stay in control of their financial destiny.


CryptoTaxCalculator
At CryptoTaxCalculator, we’re building the platform to make understanding your tax obligations simple. Our tools help identify, track and organise your crypto activity across hundreds of exchanges and blockchains with ease and accuracy. Our reporting saves you time and makes your transaction history transparent and easy to understand. We’re helping investors, traders and accountants by providing clear and secure records of your crypto activity for tax time. CryptoTaxCalculator was co-founded by brothers Shane and Tim Brunette in 2018 and is headquartered in Sydney, Australia. We’re proud to count AirTree Ventures, Coinbase Ventures, and 20VC among our investors. Visit cryptotaxcalculator.io for more info.

Check out our previous issues here

Five Fintechs On Thursday April 14, 2022

The new edition of the five fintechs on Thursday is here!

Block your calendar for the upcoming events!

 

We’re pleased to invite for a webinar on EU fintech market and opportunities, co-hosted by Austrade. The discussion will focus on EU market trends, challenges and opportunities. Register for our event here.

 

We’re hosting our next roadshow in Sydney to share FinTech Australia’s plans and goals for the year and connect with other fintechs and partners. Join our meetup on 27th April, 5:00 PM AEST. Limited seats for the event, register soon.

 

In association with Austrade, we are pleased to invite you for a webinar on UAE fintech market and opportunities. The discussion will focus on Middle East market regulations, trends and opportunities. Visit here for more info and registration.

 

Below are five fintechs to know about this fortnight!

 

Basiq

Basiq is the leading open finance platform enabling developers to build innovative financial solutions. We provide secure access to customer-consented financial data and powerful APIs that uncover valuable insights. It is our mission to make finance easier, which is enabled by the hundreds of innovative companies – including unicorns and emerging startups – that we work with today. We understand how hard it is for early-stage startups to get up and running, that’s why we have created the Launchpad program. Get started with Basiq Launchpad for free today!

 

UpSure

UpSure is an insurance platform for tech and fintech companies regardless of stage to get the right cover in place for the company, and directors. We work with some of Australia’s leading fintech’s to cover risks such as financial lines, cyber risk, management liability and more all through one easy to use platform. In addition to helping sort your insurance, UpSure has a dedicated marketplace where clients can feature and promote offers to other UpSure members helping them reach an audience of over 150 early adopting companies, and access over $10,000 worth of benefits that are in the marketplace today.

 

Fundabl

Fundabl is the founder-friendly funding solution with no dilution for fast growing companies with subscription revenue. Fundabl monetises your recurring revenue contracts and will provide up to 12 months of your revenue upfront, instead of waiting to receive it weekly/monthly. They unlock growth capital and extend your runway so that you can focus on growing your business – No dilution. No hidden fees. That’s really it!

No longer must your business offer customers a hefty discount to incentivise them to pay yearly in advance. Contact Fundabl (contact@fundabl.com) to convert your MRR into ARR today!

 

WagePay

Wagepay is an industry innovator offering premium wage advance services to employed Australians. Revolutionising the way Australians access their pay since 2020, Wagepay has positioned itself as an alternative to traditional payday loans and other forms of high-interest credit.
As part of its recent Gen2 development, Wagepay has released an intuitive rebrand of its next generation mobile app and doubled its maximum wage advance limit. It also added risk-based tiered pricing, proprietary bank transaction scores and credit score tracking to its long list of features to help users better manage their finances. The company has taken solid steps towards reaching its long-term vision of revolutionising wage payment in Australia.

 

Yondr Money

Yondr Money is a technology driven fintech company based in Australia that offers an intelligent and streamlined, customer-first alternative to mainstream banks. Yondr was created to address some of the banking industry’s most pressing issues and to tip the balance back towards the customer. Yondr has developed a cutting-edge fintech platform that combines the advantages of both traditional and digital money experiences. After completing extensive closed-group testing, a public beta was successfully launched to market during February 2022.

Check out our previous issues here

Five Fintechs On Friday April 1, 2022

The new edition of the five fintechs on Friday is here!

Block your calendar for the upcoming events!

FinTech Australia and Amazon Web Services (AWS) are bringing together leaders from rapidly-growing fintech organisations to discuss scaling startups. Attend the panel held in-person in Melbourne, VIC on 5th April 2022 – 3:30 PM AEST. Limited spots available, book today!

We’re also hosting our first roadshow to share FinTech Australia’s agenda and goals, and connect with members and partners. Join us for our first in Adelaide on 7th April 2022 – 5:30 PM AEST, following the second meetup on 27th April in Sydney. Limited seats for the events. Register today.

In association with Austrade, we are pleased to invite you for a webinar on UAE fintech market and opportunities. The discussion will focus on Middle East market regulations, trends and opportunities. Visit here for more info and registration.

Below are five fintechs to know about this fortnight!

 

Driva

Driva is an online platform that helps Australians navigate car-buying. Financing a car should be easy, but it’s often not. Whether you’re in a dealership being passed from salesperson-to-salesperson with only one lender option available or going to multiple lenders directly to find out your rate (hurting your credit score), it’s extremely difficult for consumers to shop around with confidence. That’s where Driva comes in. In a few simple steps, the platform provides customers with personalised quotes from multiple lenders, with full transparency over costs and the confidence that they will be approved. Driva aims to make the car buying process fast, simple and fair – putting Australians back in the Driva’s seat.

 

Open

The trigger for most people to get insurance is the purchase of a new car, home or going on the trip of a lifetime. But it can be hard to find, annoying to buy and expensive. At Open, they’re on a mission to create the fastest insurance, at the best price, for the world. Their promise to customers is powerful, simple insurance through white-label and embedded car, home and travel products. You might know their consumer brand, Huddle, and partners such as Telstra, Plenti, ahm and Polestar.
Open takes care of the entire insurance experience from quote to claim, with a digital experience made brilliant through innovations like instant claims and pay-as-you-drive car insurance.

 

Frollo

Frollo is a purpose driven fintech and Australia’s leading Open Banking intermediary. They help fintech’s, banks and lenders use Open Banking data to deliver better customer outcomes. From reducing debt and increasing savings, to providing a better, more personalised customer experience. Their modular, end-to-end Open Banking platform enables businesses to bring Open Banking powered use cases to market quickly by leveraging Australia’s most advanced and reliable CDR Gateway, with plug & play access to lending, personal finance management and customer onboarding solutions. Their clients include Volt, Beyond Bank, REA Group, P&N Bank and Bank of Queensland.

 

Cache

Cache is on mission to help more people invest, by enabling companies to offer branded investment products, empowering their customers to take control of their financial futures. Cache builds, manages and operates white-label investment products and as Australia’s leading investment-as-a-service provider, is transforming the way companies of all sizes launch FinTech investment products. By eliminating traditional barriers to entry for FinTech products while ensuring they are compliant, rigorous and scalable enough, business can focus on their user growth and leave the complexity to Cache.

 

CryptoSpend

CryptoSpend is a Sydney-based, crypto fintech company specialising in crypto payments. Their mission is to make it as easy as possible for everyday Australians to buy and spend crypto. In late 2021, they became the first Australian company to partner with Visa to release a crypto payments card in Australia. Through the CryptoSpend app, users can pay their bills in crypto, cash out to their bank account, and send crypto to other users with no fees. The CryptoSpend Card allows users to spend their crypto on lunch, groceries, online shopping, etc. in Australia and overseas, anywhere Visa is accepted.

Check out our previous issues here

Five Fintechs on Friday 18 March 2022

The new edition of the five fintechs on Friday is here!

Block your calendar for the upcoming events!

 

Join the webinar where we’ll discuss global eco-innovation insights and activity to enable a greener payments journey. Strategic partnerships that are driving enormous positive changes; including cleaner oceans, lower carbon emissions and evolved recycling will also be discussed.

The climate crisis is arguably the biggest challenge facing the world today, causing momentous repercussions for both current and future generations. Consumers are demanding better options in their everyday lives; including from their energy providers, car manufacturers, retailers, and banks. Sustainability is no longer a trend – it’s a necessity.
Guest speakers are Lexi Airey, CEO Gateway Bank, Ruediger Vogt, Head of Payment 4.0 at G+D and Carlo Lacota, Managing Director G+D Australia and South Pacific.

Below are five fintechs to know about this fortnight!


Payble

Payble is the flexible billing add-on that improves customer satisfaction. The mission is to end billxiety, the avoidable feeling of distress and anxiety caused by a bad billing or payment experience. They help increase revenue for businesses and local governments by offering their customers friendly, flexible payment options when they want or need them. The platform leverages Open Banking to identify customers who’d benefit from flexible payment options (including those in arrears or at risk of missing a payment), and engages them with a flexible solution like instalment plans, payment extensions or covid relief. Payble easily adds-on to existing billing systems, and our proactive approach improves customer satisfaction while significantly reducing the admin and operational cost of collections.

Payble was the first payments company to be accredited and active in Australia’s open banking regime, the Consumer Data Right, and is backed by the Commonwealth Bank as a major shareholder.


Bridgit

Bridgit’s mission is to revolutionise bridging loans through the use of technology, allowing Australians to purchase their next dream home quickly and without having to sell first. Bridgit is all about empowering hard working Australians to make progress in their lives, with no hold backs. As a fully regulated non-bank lender, Bridgit is committed to serving homeowners who want more flexibility to use the equity in their homes for the next stage of their lives. They provide fast, same day approvals with a completely digital loan application process. To find out more about their product offering visit www.bridgit.com.au


Coaxion

coaXion is an Australian fintech start-up offering ‘pay as you use it’ finance for heavy earthmoving and construction equipment.
The offering is underpinned by coaXion’s innovative proprietary technology utilizing machine-learning, artificial intelligence, and the Internet of Things (IoT).Leveraging the Industry 4.0 revolution and global trends towards a subscription economy, coaXions pay as you use it finance provides the business owner a payments model that better aligns to their cashflow and ensures the residual value of the asset aligns to the market value of the equipment, thereby significantly reducing their risk.


Block Earner

Block Earner is an Australian based FinTech powered by blockchain technology. Block Earner provides access to DeFi (Decentralised Finance) products that were once available to tech-savvy investors.

Starting with our Yield Account, Block Earner offers higher yield rates than the traditional places you can put your money. Choose between a 7% fixed or up to 18% variable annual yield with Block Earner.


TrueLayer

TrueLayer is a global leader in open banking.  TrueLayer’s global open banking platform, which can be accessed via a single unified API, makes it easy to integrate payments and financial data in real time.  Businesses of every size use TrueLayer to power their payments, access financial data, and onboard customers across the UK, Europe and Australia.   In Australia, TrueLayer is an active Accredited Data Recipient under the Consumer Data Right with a team of 25+ people based in the local region.   TrueLayer is committed to opening up finance and empowering businesses in every industry to create first-class financial experiences.
 


 

In association with Austrade, we are pleased to invite you for a webinar on UAE fintech market and opportunities. The discussion will focus on Middle East market regulations, trends and opportunities. Visit here for more info and registration.

Check out our previous issues here

Five Fintechs On Friday March 4, 2022

The new edition of the five fintechs on Friday is here!

Block your calendar for the upcoming events!

Entries for the Finnie Awards 2022 are now open! This is the chance for you to showcase your achievements and be in the limelight! Submit your entries before the closing date.

Fintech Week Tel Aviv 2022 is starting 21-23 March at the Tel Aviv Stock ExchangeIt will take a deep dive into fintech’s key offerings, and discuss the pressing issues and challenges that lie ahead, and will try to get everyone thinking about how it all evolves and what the next phase will look like. Register today. Use promo code: AUSTLV22

Below are five fintechs to know about this fortnight!

 

Fiskil

Fiskil handles the hard work when it comes to Open Banking and the Consumer Data Right (CDR), so companies can focus on their core business. We’ve built the pipes between financial institutions big and small. As well as all of the compliance technology that’s required to access data under the CDR.

 

Wych

Wych is an AI-based Data Platform, for personal finance management and optimization of a user’s money. Our platform works by managing savings, spending and even investments. Money is stressful, we get that. That’s why we’ve developed an application that actually helps with managing it successfully. What sets Wych apart from other apps that try to organise finances is that it harnesses machine learning and tailors itself to the individual. We are all unique, especially in our financial habits so we tailor to the end user rather than them adapting to meet our requirements.

 

Spenda

Earlier this year, it was announced that Spenda’s Parent Company, Cirralto, had been rebranded to become Spenda Limited (ASX: SPX). This was a strategic long-term plan to better align the core product offering and deliver better brand continuity to customers and shareholders. Today, Spenda provides smart B2B payment and lending solutions, software applications and integration services that help improve the way businesses trade and get paid. Visit www.spenda.co to learn more.

 

Superhero

Superhero is a leading share trading and superannuation platform that aims to make investing accessible, understandable and affordable for all Aussies. Founded by John Winters and Wayne Baskin, Superhero allows customers to trade Aussie and U.S. stocks in real time with no account fees. Customers have access to live AU and U.S. market data, instant PayID transfers and low cost trading across ASX and U.S markets – which has led to more than 170,000 customers signing up since Superhero’s launch in September 2020.

Superhero launched its flagship superannuation product, Superhero Super, in July 2021 – designed to meet the high expectations of a new generation of investors by giving Australians the ability to invest their superannuation in their chosen shares and exchange traded funds.

 

Civic Ledger

Multi-award-winning technology company Civic Ledger is building trust layer solutions for the markets of tomorrow. Civic Ledger provides blockchain solutions to enable a sustainable revival of growth. With Civic Ledger technology, water, carbon, nutrients, and biodiversity will be able to be securely and transparently accounted for — how much we have, how much we share, and how much we use. We work closely with environmental market operators, regulators, utilities, traditional owners, industry and the agricultural sector to ensure solutions that are comprehensive, responsible, intuitive, and future proof. Our team is distributed across Asia, Europe, and Australasia, and will soon be growing into the US. In 2021, we were the only Australian company accepted into the World Economic Forum Technology Pioneers cohort.

Check out our previous issues here

Five Fintechs On Friday February 18, 2022

The new edition of the five fintechs on Friday is here!

Block your calendar for the upcoming events!

In association with SherlokAdatree and AssuranceLab, we’re excited to host a webinar on current state-of-play in CDR and what’s on the horizon for 2022. If you have started your CDR journey or want to register for CDR access, this event is for you. Register for the event here.

We’re also hosting an interactive webinar to explore how connectID – powered by Eftpos Australia plans to transform the KYC process in Australia and deliver a better customer experience. Learn more about digital identity exchange with connectID and book your slots today.

Below are five fintechs to know about this fortnight!

 

 

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Five Fintechs On Friday February 4, 2022

The new edition of the five fintechs on Friday is here!

News from the industry…

In association with Amazon Web Services (AWS), we are hosting a presentation on introduction to Decentralised Finance –  DeFi – The Future of Finance presented by David Engel, Fintech BDM, AWS on 10 February – 2:00 PM AEDT. This presentation will take you through the principles of DeFi and the projects related to it. Learn more here and register today

Airwallex recently launched global payment services in Singapore, GPS announced over US$400m investment. Frollo recently published its 2021 Open Banking API performance monitor and Shift announced the axpansion of its merchant team.

Also, Sandstone Technology was recently recognised as ‘Company of the Year 2021- BANKING’ by APAC Business Headlines and Temenos Launched its Industry’s First AI-Driven Buy-Now-Pay-Later Banking Service on the Temenos Banking Cloud

Below are five fintechs to know about this fortnight!

 

Kanopi

Kanopi is an insuretech platform with data and partner integration capabilities. With Kanopi insurers can build, distribute and scale new products. From understanding risk and customer behaviour, to experimenting with product and price combinations, Kanopi empowers insurers to innovate rapidly to tailor policies to changing needs.Kanopi also widens distribution networks for insurers and digital businesses, helping them with smart, simple, embedded cover. Due to Kanopi’s existing relationships with insurers, technology platforms in property, fintech and accounting come to Kanopi to integrate insurance into their existing products and services.

 

FirstAML
First AML fully automates the KYC process. Our cloud-based platform, team of local compliance analysts and global pre-verified entity ecosystem, automates the traditional AML compliance process by taking it completely off the reporting entities’ hands. With First AML, KYC is completed in four simple steps:
  • Request: submit a KYC request via the First AML platform. It can be as simple as an email address and the case name.
  • Analyse: our team of local analysts review the complex cases, define the structure and identify related entities.
  • Verify: we complete the verification process quickly, securely, accurately and easily. Using a combination of biometric EIV tools and expert analysts.
  • Approve: users receive, consider and approve the results. We add the verified entity to our ever-growing network for quick and easy future approvals.

 

MyLenda
Mylenda is Australia’s first self-service neo-broker for personal and commercial finance allowing consumers to keep expensive commissions in their pocket and secure personalised lender base rates. Mylenda started with a simple idea; let’s cut out the middle man and build an ethical DIY finance platform that works in consumers best interest whilst delivering a cheaper more competitive product. We want to help people make better borrowing decisions by simplifying the process of applying for finance. We developed the platform for those who want to save money by submitting their own details, achieved through our technology and rewarded by accessing essentially wholesale interest rate saving customers potentially thousands of dollars.

 

Radium Capital

Radium Capital is Australia’s market leader in R&D financing. We were formed by entrepreneurs; for entrepreneurs. That’s why we don’t think like a bank! We believe businesses with R&D should have access to capital when they need it. So we created Radium Advances to provide quick, easy and early access to up to 80% of your expected R&D tax incentive refund – in just a few business days.
Radium Advances are available as one-off cash injections or can be used strategically throughout the year to smooth cash flow. Under the Radium Quarterly model, for the same expenditure, you can boost R&D spend by 50% or reduce outlay by 33%.

 

Change Financial

Change Financial (ASX:CCA) partners with fintechs and banks, to provide tailored payment, card issuing, and testing solutions. The global fintech has over 146 clients across 41 countries, managing and processing over 16 million credit, debit, and prepaid cards, delivering flexible and fast-to-market payment solutions. Change’s Vertexon provides leading digital and physical card solutions for banks and fintechs. Vertexon makes it simple for clients to launch full featured digital payment experiences to their end consumers fast.

Five of the top ten global payment companies trust Change’s PaySim for payment simulation and testing solution, helping them meet the reliability and performance expectations.

Learn more about Change here

Check out our previous issues here

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    September 7 - September 8
Videos

Ep 2: Fintechs Acceleration of Growth Since COVID

Ep 1: The Evolution of Payments

Scaling Product Globally

Podcasts

Lee Hatton – Afterpay: FinTech Australia Podcast

Anthony Jones – Visa AUS/NZ

Tim Cameron – TransferWise