Five Fintechs On Friday November 18, 2022

FinTech Australia is building stronger ties with the Japanese fintech ecosystem through our upcoming signing of an MOU. We’ll be hosting a networking event (21 Nov) at Stone & Chalk, coupled with Australian Trade and Investment Commission (Austrade)’s launch of the Fintech Playbook Japan by Austrade GM North East Asia, Elizabeth Cox.

Please reach out to stu@fintechaustralia.org.au if you wish to join us.

Below are five fintechs to know about this fortnight!


Open Finance Advisors

Open Finance Advisors is a consultancy specialising in the Consumer Data Right, open finance and open banking in Australia. They offer a range of expert advisory services to help Australian and international businesses develop and implement their strategies to access CDR data.

WagePay

Wagepay provides a premium wage advance service to employed Australians nationwide. Revolutionising the way Aussies access their pay since 2020, the business recently obtained a $10m funding facility from FC Capital to meet growth in its wage advance outgoings. Its mobile apps have been downloaded more than 250,000 times in the last year alone. In 2022 Wagepay introduced risk-adjusted pricing, free access to its AI-based proprietary bank transaction score and an Equifax credit score tracker to its extended list of features to help users manage their financial health. It is well positioned as an alternative to traditional payday loans and other forms of high-interest credit.

 

Bridgit

Tech-driven, non-bank lender Bridgit was co-founded in 2021 after mortgage broker Nick Jacobs and capital markets specialist Aaron Bassin saw the industry was lagging and customers were paying the price for traditional slow and manual finance processes for property loans. Now, they are revolutionising property lending via bridging loans with its simple online loan application, 24-hour approval and three-month interest-free period. Since their launch, Bridgit has raised nearly $113 million in capital and processed more than $1 billion in loan applications within the first 12 months of operation. Bridgit won the Finder Innovation Awards 2022 for ‘Best Lending Innovation’. It was also named as finalists in the 2022 Finnies Award for Emerging Fintech Organisation of the Year and 2022 FinTech Awards for Best Innovation in Proptech. For more information, visit Bridgit.com.au

 

Tiiik

Founded in February 2021 and backed by leading global venture capitalists Tiiik Money has formed a stellar Team across Strategy, Product, Technology and Risk to tackle a key thematic – building a digital wallet powered by stablecoins to onboard the next billion people into Web3. With stablecoin adoption showing massive increases from a total value of $1B in 2019 to over $150b in 2022 there is a huge need for users to have one wallet to grow, spend and earn all powered by the top stablecoins (USDC, USDT, BUSD account for over 90% of stablecoins in market). This focus on providing a secure and intuitive user experience to store your stablecoins is forecasted to be a massive opportunity as the market cap for stablecoins is projected to reach into the trillions in the years to come. Visit the web app today at app.tiiik.money.

 

Wisr

Wisr is an ASX-listed, purpose-led fintech that provides services, products and tech to encourage smarter financial decisions.

To improve the financial health of Australians, they recently launched Wisr Today, a one-of-a-kind psychology-led money coaching app. Wisr Today uses the power of psychology to align a person’s money habits to their values and help them save through long-lasting change in just 5 minutes a day.

They’re also a responsible lender, offering personalised loans for any worthwhile purpose. To help their customers pay off debt sooner, they can round up daily purchases, allocating the spare change towards their debt. They also offer customers the ability to check their credit scores for free, anytime anywhere, without hurting their scores.


Check out our previous issues here!

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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