More big wins for local eInvoicing Access Point Provider, Link4

Aussie led Access Point provider, Link4 has landed more government contracts following an increase in eInvoicing adoption among Government Agencies in recent months.

“It’s great to see so many new Government Departments adopt eInvoicing.” says CEO Robin Sands. “EInvoicing is not just a tick-box exercise, the sooner we build the network, the sooner the economy will see advantages such as increased business efficiency, digital security and cash-flow benefits.”

The latest government agencies to join the Peppol eInvoicing network through Link4 include NOPSEMA, Regional Investment Corporation (RIC), Commonwealth Director of Public Prosecutions (CDPP) and the Office of the Commonwealth Ombudsman. “All departments were keen to be part of the Peppol eInvoicing network to help support the growth of the Australian economy following a rough 18 months with the pandemic”, says Sands.

In May 2021, the ATO announced $15.3 million towards the promotion of eInvoicing, and the introduction of an eInvoicing mandate meant that the government sector was going to lead the way in transforming digital payment processes among Australian businesses.

Suppliers that have contracts with the Government under $1 million are able to receive payment within 5 days if connected to the Peppol eInvoicing network. Not only are payment times greatly improved through the adoption of e-invoicing, but businesses can improve their overall business efficiency and invoice security.

More than 40 Australian Government agencies are now live with e-invoicing. The up to date list can be found on the ATO website.


 About Link4 

Link4 is an award winning, Peppol certified Access Point that provides seamless e-invoicing services throughout Australia, New Zealand, Singapore and the UK.  Counted amongst Link4’s government clients (such as The Treasury, DISER, AOFM and APRA) are BOC Australia, the BGW Group, and thousands of Australian businesses that use Xero, MYOB or QuickBooks as their accounting system.

AUSSIE CRYPTO EXCHANGE ANNOUNCES BATHURST PARTNERSHIPS

Australian digital assets exchange Swyftx has today announced two major motorsports sponsorships at Bathurst amid growing interest in crypto among race fans and drivers.

The country’s top rated cryptocurrency exchange is partnering this weekend’s Supercars Repco Bathurst 1000. It is also joining forces at Bathurst with rising star, Jordan Cox, who has become a viral sensation for his boldness on the track.  

Swyftx chief marketing officer, Chris Vanek, said Australian motorsport was now a focus for the company, with racing attracting significant national and international coverage. 

Vanek said: “We have a lot of motorsport fans and race drivers using our platform, so it was an easy decision to deepen our commitment to the sport. Australia’s crypto adoption is rapidly growing, with a quarter of the population already having traded.”

Swyftx is the country’s top-rated exchange and second largest by trade volume, with more than 470,000 customers across the ANZ region. 

As part of its Repco Bathurst 1000 partnership, Swyftx is sponsoring signage at iconic locations around the Mount Panorama circuit, including Brock’s Skyline and pit entry. It has also taken sponsorship of Jordan Cox’s car at the TCR Bathurst 400. 

It marks another significant investment into Australian motorsport by Swyftx. In July the exchange supported the WD-40 Townsville SuperSprint event.

Vanek, said: “We jumped at the chance to be a part of Bathurst with both Supercars and Jordan because it’s such an iconic event in the Australian motor racing calendar and watched by millions in Australia and around the world.

“This partnership brings together the most exciting driver on the Bathurst track, with the country’s most popular exchange so we’re delighted to be joining forces.”


Image of Jordan Cox’s Swyftx car available here


Contact Swyftx Media Manager,

Tom Matthews
tom.matthews@swyftx.com.au
(0413 938247)


NOTE TO EDITORS 

  • Swyftx is Australia’s second largest cryptocurrency exchange by trade volume, with more than 470,000 customers across ANZ.
  • Swyftx is a multi-award winning exchange. In 2021, it was named High Growth Business of the Year and won the Excellence in Crypto Award at this year’s Finnies.

TrueLayer announces the appointment today of Jodi Ross to the position of Regulatory Lead in Australia.

In this role, Jodi will co-ordinate the regulatory engagement and compliance activities of TrueLayer in Australia with respect to the Consumer Data Right (CDR) and other obligations.

Jodi is a highly qualified lawyer with 20 years of experience in government and commercial practice.  Most recently she held the position of Assistant Secretary – CDR Regulatory Frameworks in Commonwealth Treasury. Before that she contributed to the establishment of the Consumer Data Right, including the development of the CDR rules, at the Australian Competition and Consumer Commission (ACCC).

Speaking about her decision to join TrueLayer, Jodi said: “Having spent the past 3+ years working on the development of the regulatory framework for the Consumer Data Right within government, I’m excited to join TrueLayer and contribute to the commercial rollout of CDR-enabled services to benefit Australian consumers and businesses.”

TrueLayer is bringing its global open banking expertise in data and payments into Australia to help local and international clients access CDR data in the right way.

Brenton Charnley, TrueLayer’s CEO of Australia & New Zealand, has welcomed Jodi into the role saying: “Jodi has in-depth knowledge of the CDR rules and unparalleled expertise in open banking policy and regulatory engagement. She’s a great addition to our team.”

TrueLayer, a global pioneer in open banking, was approved by the ACCC in September as an unrestricted Accredited Data Recipient under the CDR and launched its global Open Banking Platform in Australia. The TrueLayer Open Banking Platform is backed by proven, market-leading data and payments APIs that currently process more than half of all open banking traffic in the UK, Ireland and Spain.


Jennifer Harrison
Partner, Reputation Edge
Corporate PR & Communications
M: 0448 469 532

www.reputationedge.com.au

Connecting Up and Link4 join forces to enable not-for-profits to reap the benefits of eInvoicing

Not-for-profit organisations in Australia are now able to digitize their invoicing processes with special rates towards eInvoicing adoption. Australian-based Access Point provider Link4, has partnered with Connecting Up (part of the global nonprofit tech provider Techsoup), to provide ERP integration and cloud accounting subscription discounts for nonprofits to connect to the Peppol eInvoicing network.

Connecting Up provide technology donations and discounts for not-for-profits and social enterprises around the world. Pankaj Chalotre, Head of Connecting Up, says “Connecting Up is delighted to partner with Link4 and offer a best-of-breed eInvoicing solution at generously discounted rates to the Australian not-for-profit sector.” 

With the Australian Government allocating $15.3 million towards eInvoicing promotion this year, and the mandation of Peppol eInvoicing (receive capability) for Federal Government Agencies in 2022, it’s clear that eInvoicing is a priority for the Australian Government. Chris Jordan, Commissioner of Taxation at the ATO says, “The ATO is working with all levels of government, intermediaries and businesses to raise awareness of the new way to send and receive invoices and how to get on board.” 

“Link4 have been helping Not-for-profits since we began eInvoicing 5 years ago. We are thrilled to formalise our support through this new partnership and look forward to supporting many more non-profits,” noted Robin Sands, CEO of Link4. 

Not-for-profits can now benefit from increased invoicing security at an affordable price. EInvoicing improves efficiency, cash-low and is better for the environment. Charities and non-profits that are eligible will need to contact Connecting Up to apply. 


About Link4: Link4 is an award winning, Peppol certified Access Point that provides seamless eInvoicing services throughout Australia, New Zealand, Singapore and the UK. Counted amongst Link4’s clients are BOC Australia, the BGW Group, and thousands of Australian SMEs that use Xero, MYOB or QuickBooks as their accounting system. www.link4.com.au 


About Connecting Up: Connecting Up is an Australian registered charity and not for profit organisation committed to building stronger communities through technology. Since 2007, a growing list of leading tech companies have partnered with Connecting Up to support the Australian charity sector with donated and discounted IT products, online learning and specialised consulting services.

In 2018, Connecting Up joinedforces with Infoxchange and TechSoup New Zealand to create the Infoxchange Group. We share a vision of technology for social justice, and with over 180 staff across Australia and New Zealand we tackle the biggest social challenges through the smart and creative use of technology


For more details: 

Link4 Australia
connect@link4.com.au

Binance Australia and WeMoney launch initiative to boost Australian crypto education

Leading digital asset exchange, Binance Australia, has joined forces with smart money management app, WeMoney, to enhance the financial wellbeing and investment literacy of Australians through education and technical innovation. 

 On a mission to increase the knowledge and creation of long-term wealth, the two Australian businesses have partnered to provide community members the ability to conveniently track their digital asset portfolio alongside their broader personal finance accounts via the WeMoney app. The technical integration enables WeMoney members to accurately gauge their financial account balances, credit score, net worth and now, crypto portfolio all in one place, for free.  

Binance Australia and WeMoney are advocates for greater access to financial education making the partnership an exciting joint initiative. This entails crypto themed episodes on WeMoney’s We Talk Cents Podcast, fireside chats on Binance Australia’s YouTube channel and shared blog content discussing themes such as, the first steps to investing in crypto, how to create a diverse portfolio and the importance of investing. 

It is estimated about 17% of Australians are holding some form of cryptocurrency in their investment portfolio, the integration was a natural advancement for the WeMoney platform according to WeMoney CEO & founder, Dan Jovevski. 

“What we are seeing now is Australians diversifying their investments and actively adding digital assets to their portfolios. Working with Binance Australia empowers our members to access the full picture of their financial health.”

It was a no-brainer to partner with Binance Australia, part of the world’s largest cryptocurrency exchange, Jovevski says. 

“At the core of it, there are natural synergies between us. Both businesses value innovation and are aligned on the vision to help young Australians get the most out of their money,” Jovevski continues. 

Leigh Travers, CEO of Binance Australia said, “The partnership between Binance Australia and WeMoney has a core focus on providing the right education and understanding of digital assets to encourage Australians to make responsible and considered investments into the digital asset sector. We are looking forward to enabling Australians with the right platform to build sustainable wealth through incorporating digital assets into their diversified investment portfolio.”


For further information and media enquiries please contact: 

Binance Australia
Olivia Jarman
Account Manager, Hotwire Australia
olivia.jarman@hotwireglobal.com
0402 304 554 

WeMoney
Dan Jovevski
Founder & CEO
dan@we.money
0410 067 079 


About Binance Australia 

Launched in 2020, Binance Australia is a leading digital currency exchange platform that enables Australians to easily buy and trade cryptocurrencies with Australian Dollar (AUD). Binance Australia offers users deep liquidity and convenient deposit and withdrawal methods while leveraging cutting-edge technology from Binance.com’s advanced trading platform. 


About WeMoney 

WeMoney is a smart money management app that connects all your financial accounts in one place and tracks your overall financial health. 

Till Payments upsizes recent funding round with top up from Afterpay-backed Touch Ventures and strategic European investors

Payments fintech disruptor, Till Payments, has today announced a top up in excess of $15 million boost to its latest investment round, with support from strategic European investors and Touch Ventures – the Afterpay-backed venture capital firm that invests in later stage, high growth companies globally. Touch ventures injects $5 million to the top-up to support Till’s accelerated innovation agenda and its expansion into the US, the UK and New Zealand.

The two companies share a strong focus on key verticals, including retail innovation, finance and data, as well as complementary business values, targeting high-growth and scalable international opportunities.

News of the investment accompanies the appointment of the fintech’s first Chief Technology Officer, Vinay Rao. Vinay brings with him over two decades of experience in the technology sector, most recently as Head of Merchant Business at Woolworth’s payments arm – Wpay, where he was instrumental in helping Australia’s largest retailer become an omnichannel payments powerhouse. He will be based in in Sydney, where he will lead the company’s technology team of developers and engineers as they embark on a fast-tracked innovation path with the view of launching a suite of new products in the new year.

Till is investing heavily in its hiring drive to secure the best talent all around the world. The 143 strong team has grown 204% over 12 months.

Shadi Haddad, CEO at Till Payments, says the partnership will help push the company’s global ambitions further.

“We’re very excited to welcome Touch Ventures to the Till family. Our two companies share an incredibly complementary ethos and a vision for the future that is undeniably aligned,” he said.

“Till has had some big wins recently but with the support of Touch Ventures and the potential to tap into Afterpay’s ecosystem, we’re further assured that we’re adding more fuel to fire our success in international markets.” Mr. Haddad continued.

“We are excited to join the Till Payments team and be part of the growth journey. Till has grown from strength to strength and looking to scale globally which is aligned with our philosophy of backing Australian entrepreneurs to build global businesses” said Hein Vogel, CEO of Touch Ventures.

Touch Ventures’ investment follows the global fintech’s recent Series C Capital Raise, which attracted $110 million from new and existing investors based in Australia and the US.


About Till Payments 

Till is the fast-moving, Aussie-born, global fintech disruptor opening up a world of possibilities for businesses seeking simple, seamless, all-in-one payments. We take the complexity out of getting paid with single-source solutions that ensure merchants can accept any payment wherever and whenever their customers shop, be it online, in-store, or a combination of both.

Organisations across a range of sectors, including FMCG, automotive, parking & transit, retail and hospitality, use our end-to-end smart and seamless payments experiences to support growth and enhance customer experiences.

Founded in 2012, Till’s team of 143 staff is rapidly growing and headquartered in Australia, with teams in London, Manila and across the US. Till currently serves merchants across 12 countries and over 500 cities.


Media Contact
Tasha Nabila
Till Payments
+61 3 7064 7113
Tasha.nabila@tillpayments.com.au

Basiq announces strategic investment from Visa

Visa has invested in Basiq, the API platform powering some of Australia’s most innovative banks and fintechs with financial data. Visa’s strategic investment will accelerate Basiq’s ability to meet growing API demand as the Consumer Data Right (CDR) and Open Banking plays out in the Australian market.

With increasing fintech adoption, the vast majority of global consumers either use or are aware of at least one fintech service. Since 2017, Basiq has allowed consumers to securely connect their financial institutions and data to these services, giving fintech innovators immediate access to a data network spanning all major financial institutions in Australia and New Zealand.

Julian Potter, Group Country Manager, Australia, New Zealand and South Pacific, Visa, said:

“We’re excited to partner with Basiq on open data, an area where Visa sees great potential to drive innovation in financial services. Visa is known for money movement, but moving digital money is fundamentally about moving data. We’re extending our network capabilities and expertise into data movement, and our investment in Basiq is a great example of how we’re supporting the rise of the open data economy in Australia.”

The Basiq platform is currently used by over 150 fintechs to create customer-centric experiences across segments such as lending, digital banking, investment, BNPL, payments and many others. As the CDR is rolled out, Basiq will expand Open Banking’s potential by providing participants with access to data and generating actionable insights based on that information.

As Basiq moves into its next phase of growth and with the investment by Visa, two key additions have been made to the Board. Cietan Kitney, Head of Strategy, Asia Pacific at Visa joins the Board. In addition, Touch Ventures has appointed Kareem Al-Bassam to the Board. Both executives bring a wealth of Technology and Payments experience to help drive Basiq’s growth strategy domestically and  in new markets. Visa joins the Board that consists of Salesforce Ventures, Reinventure, NAB Ventures, Plaid and Touch Ventures.

The partnership will enable Visa and Basiq to work jointly on new products and services and enable Australian fintechs and financial institutions to solve customer pain points and deliver new experiences. The combination of Visa’s proven infrastructure and networks together with Basiq APIs, technology and customer relationships will help accelerate the adoption of open banking in Australia by ensuring a secure, reliable platform for innovation. Basiq will help more businesses in the payment ecosystem deliver faster, simpler and cheaper payments by combining Open Banking with payment rails.

“As the world’s leader in digital payments, Visa has the trust, scale, and network capabilities to fast-track Open Banking adoption and drive fintech innovation domestically whilst also providing a global perspective from the onset. By partnering with Visa it will help accelerate our mission of providing the building blocks of financial services to businesses of all sizes” Damir Ćuća, CEO and founder of Basiq.

Check out our write up in the AFR below:

https://www.afr.com/companies/financial-services/visa-joins-nab-westpac-salesforce-at-data-start-up-basiq-20211123-p59ba0

AFG and Frollo join forces to improve mortgage lending with Open Banking data

AFG will leverage Frollo’s platform to help brokers and their customers benefit from Open Banking.

Open Banking provider Frollo has announced they’ve signed AFG as the latest client for their Open Banking platform. As one of the most experienced Accredited Data Recipients (ADR) in Australia, Frollo will support AFG in becoming an ADR themselves and deploy the solution to its brokers under the upcoming ‘trusted adviser’ model.

AFG will use Frollo’s CDR Gateway to empower consumers by enabling them to share their financial and banking data with their trusted broker, for the purposes of assisting those customers to apply for finance in a more streamlined and efficient way. By leveraging Open Banking, this will speed up mortgage applications with data trusted by banks. 

Mark Hewitt, AFG General Manager Industry & Partnerships explained the move: “AFG is committed to providing innovative solutions that will help our brokers stay at the forefront of technology advancements in financial services. 

The CDR gateway from Frollo can enable many use cases that could be deployed to AFG brokers. We are very excited about the potential for Open Banking in the mortgage sector.

Leveraging Frollo’s leading-edge technology and experience in Open Banking ensures our brokers will be well equipped to continue to deliver excellent customer outcomes.”

Gareth Gumbley: “Open Banking has the potential to deliver incredible value for consumers, particularly when it comes to mortgage applications. 

We’re excited to work with AFG and provide their brokers with a complete, real-time overview of their customers’ finances to help their customers achieve their financial goals.”


About Frollo

Frollo is a purpose driven fintech and Australia’s first Open Banking intermediary. We help businesses use Open Banking data to deliver better customer outcomes. From reducing debt and increasing savings, to providing a better, more personalised customer experience.

Our 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.

Trusted by clients like ANZ, Volt, REA Group, P&N Bank, bcu and Bank of Queensland, Frollo is an Australian market leader in Open Banking.


For media enquiries
Piet van den Boer
Frollo
0468 375783
piet@frollo.us 

Shift Launches 26 Weeks Paid Parental Leave

Rolls out Shift Flex approach to remote and in-office work

Shift, a provider of credit and payment platforms to Australian businesses, has set the bar for paid parental leave in the Australian finance industry, now offering staff 26 weeks paid parental leave, with two weeks of paid leave for secondary carers and partners.

This new leave is available to all full-time employees as soon as they complete their probation, with superannuation and other benefits continuing to be accrued while employees are on parental leave.

Jamie Osborn, Chief Executive Officer of Shift, commented that this new policy is about recognising the effort that staff give to the company and supporting them through what can be a time of immense change.

“The rollercoaster of welcoming a new baby into the home is huge, and we want our staff to be able to focus on this special time without financial worries or concerns about having to come back to work sooner than they would like,” said Jamie. “Our new policy aims to support our team and applies to all staff regardless of gender, recognising the varied nature of family dynamics and financial situations.”

Statistics on parental payments from the Australian Government’s Workplace Gender Equality Agency (WGEA) show that the average paid parental leave offered in the finance and insurance industry is 12.1 weeks, while the average across all companies is 10.9 weeks*.

While WGEA statistics show there is  a long way to go to achieve the right balance regarding parental and carer’s leave, Jamie Osborn is encouraged that some organisations and industry bodies are leading by example and driving change.

“We applaud Fintech Australia’s recent move to recommend 12 weeks paid parental leave at full pay and are happy to be able to offer more,” said Jamie.

“Recent announcements by companies across a range of sectors to increase the amount and flexibility of parental leave offered show that while there’s a huge amount of work to do when it comes to gender equality, we’re taking steps in the right direction.”

Coinciding with Shift’s new parental leave policy, the company has also begun rolling out Shift Flex, a new approach to working which allows for Shift team members to arrive at an in-office / remote working combination that best suits their needs and those of the team.

Shift Flex sees all staff choose from tiered layers of working from home v working in the office, with most roles able to choose totally remote if that suits the individual and their team.

“We had a trial ready to go just before the first lockdown of 2020 hit, which really did end up being the ultimate trial,” said Jamie.

“It also taught us that while some people love working from home, there were many team members who couldn’t wait to return to the office. With that in mind we’ve created Shift Flex to make sure working rhythms and locations are created to suit individuals, the needs of job roles, teams and the company.”

*See the WGEA data explorer for further information regarding support for carers and paid parental leave in Australia.


About Shift

Originally established as GetCapital in 2014, the company rebranded as Shift in October 2021 as part of its mission to provide businesses with finance on demand. Enabled by streaming data, Shift offers a better way for Australian businesses to trade, pay and access funds.  Winner of the IDC 2020 Digital Disruptor and Omni Experience Innovator awards for Australia and New Zealand, Shift has also been named to the Deloitte Fast50 list four years in a row, the Smart50 awards, the AFR Fast 100 List and voted by LinkedIn as one of the Top 25 Australian Startups to work.  www.shift.com.au

Nodifi launches personal loans on origination platform

Asset finance technology and services provider, Nodifi, has added a string of personal loan  products to its loan origination platform, signaling broker feedback and consumer demand as  the main drivers to the release. 

This latest development follows the fintech’s decision to provide mortgage brokers with set rate  options for consumer asset finance, following the introduction of best interests duty. 

SocietyOne, NOW Finance, Plenti and Wisr will make up the first group of personal lenders to launch on the platform, allowing mortgage brokers to run quote comparisons and process  applications. 

Nodifi says the latest addition is a sign of the changing economic climate, with broker and  consumer demands at the forefront of the decision. 

Tom Caesar, Nodifi chief executive officer, comments: “What we’re seeing is a shift from the  traditional mortgage broker, whereby home loans were once a broker’s only true product  offering. 

“Nowadays, brokers are demanding a wider-breadth of finance solutions for their clients, which  is being driven by consumer demand – personal loans is one such product increasing in  popularity amid the changing economic landscape. 

“Typically, this has been a product overlooked by many fintech service providers, and this is  something we want to rectify.” 

Nodifi users will gain access to the personal loan products via the platform from 1 December,  while a future white label release providing brokers with direct to customer personal loan  journeys is also scheduled for early 2022. 

“In this day and age, generic service offerings are severely outdated. Everything we’ve done to  date – and will continue to do in future – is to better align with increasing expectations and to  leverage new technologies. 

“That’s a key reason why we’ve decided to roll out the white label solutions. It’s about giving  mortgage brokers the best tools to satisfy ever-evolving client needs.”


Media Contacts
Alex Ventura
Head of Marketing
Nodifi
alex.ventura@nodifi.com.au
0421 819 370 


About Nodifi 

Nodifi is one of Australia’s leading technology and services providers for asset finance, enabling mortgage brokers,  dealerships, and other POS retailers, to offer a broader range of financial services. 

Nodifi’s mission is to increase profitability and efficiency for partners, by delivering bespoke asset finance solutions.  These include; asset finance aggregation, loan origination, credit support, marketing and lead generation, plus a suite  of white-label technology solutions. 

Founded in 2016, Nodifi now boasts over 2,000 users, generating over $1.5 billion in loan applications since its  inception.

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