Five FinTechs on Friday – June 19

We highlight five fintechs this Friday that provide solutions in cross-border payments, helping consumers finance their energy requirements, digital currency payments and transfers, open banking, and intelligent digital wallets. Below are the five fintechs in Australia that you need to know about.

Airwallex

Airwallex revolutionises the way businesses operate globally. Businesses use Airwallex as their end-to-end global financial services platform. Whether it’s making or receiving payments from customers, domestically or internationally, Airwallex saves businesses time and money by offering real-time, reliable and cost-effective financial solutions.

To help any fintech looking to innovate and scale globally during these times, its global financial infrastructure and API suite will enable fintechs to grow their financial ecosystem and add key capabilities such as its Borderless cards and cross-border payment and collection, and it’s offering a FX fee waiver  FX fees waived on the first A$100,000.


Accurassi

Accurassi’s vision is to empower homeowners to reimagine how energy powers their homes, as the use of lucrative alternative energy solutions expands exponentially over the next 10 years. Accurassi addresses the fragmentation in the consumer energy journey by being the marketplace engine for financial institutions wishing to help consumers navigate and finance that journey.

As business life in Australia now returns to some semblance of normality, Accurassi looks forward to FY2021 with enormous optimism for our business and the renewable energy transition that we are helping to enable.    Accurassi is starting a Series A raise to expedite their growth in Australia and into Europe.


Coinjar

CoinJar is a digital currency account founded in Melbourne in 2013. The CoinJar app allows you to buy, sell and even spend cryptocurrency with our debit card accepted at all EFTPOS terminals in Australia.
For a limited time, CoinJar is offering Fintech Australia newsletter readers the opportunity to send some sunshine to your British mates. Introduce a UK-based sign-up to CoinJar and you will both receive A$25 when they sign-up and get verified. Consider it a stimulus for your friendships! Link anddetailshere: https://coinjar.typeform.com/to/wPvFqS

Basiq

The Hayne royal commission, open banking and COVID-19 have created the perfect storm for fintechs. Not only are fintechs well-positioned to take advantage of open banking and the data generated by a shift to a cashless economy, but they are also better able to meet the demands of a new generation of borrowers and consumers. Basiq’s Open Banking platform will enable you to take advantage of insights from banking data to build an innovative, industry-leading application.


Nium

Global fintech infrastructure platform Nium recently announced the launch of its Visa card issuing services in Australia. Nium would simplify card access for companies with end-to-end card issuing solutions, allowing them to operate intelligent digital wallets that can be used across millions of points of sale within Visa’s global acceptance network as well as Nium’s remittance network in over 90 countries, 65 in real-time. The flexibility of Nium’s API tools, coupled with Visa products and services, enables Nium to support different use cases for Spend Management, from companies looking to reconcile T&E for employees, businesses looking to pay multiple suppliers overseas, or new-generation companies looking to send payments to their community.”


 

 

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