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

Five Fintechs on Friday – January 21, 2022

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

Welcome back and wishing you a happy and prosperous new year. This is the first newsletter on Five FinTechs on Friday for 2022, as we kickstart the year with new announcements and initiatives.

But first, news from the industry…

Verrency, one of the fastest-growing fintechs in payments services goes global. DiviPay raises $20 million Series A to fortify its full-stack spend management suite for SMEs.

Also, Fundsquire partners with Railz to offer an integrated, quicker, and transparent funding platform and Wisr appoints new Non-Executive Director, Cathryn Lyall, to the Board.

Below are five fintechs to know about this fortnight!

 

Zepto

Anchored by its merchant origins, Zepto creates real-time, data-driven, account-to-account merchant payment solutions for the on-demand economy. In 2021, Zepto was the first Australian non-bank payments provider to become an Accredited Data Recipient under the ACCC’s Consumer Data Right, and the first non-bank FinTech to connect directly to the New Payments Platform [NPP] as a Connected Institution. Zepto’s composable API lets merchants acquire, receive, disburse, identify parties, establish consent, create virtual accounts and reconcile automatically. Zepto’s payment messaging is granular & real-time, supporting smarter, data-led business decision making and customer experiences.

 

OnMarket

OnMarket is a capital raising platform and advisory business that uniquely pairs retail and sophisticated investors with Australian businesses – covering a wide-breadth of industries and simplifying the opportunity to invest in SMEs in all stages of growth – from Seed to IPO and beyond. The end of 2021 saw OnMarket achieve the milestone of raising over $170m for 220 Australian businesses from 66,000 investors – positioning them as the leading capital raising platform in Australia. OnMarket welcomes all types of investors to support the Australian start-up space and invest with impact. Learn more about your opportunity with OnMarket here.

 

Assurance Lab

AssuranceLab is a cloud-native audit partner using supporting Regtech and specialising in the “SOC” standards. We help our tech clients unlock Open Banking (ASAE 3150), support publicly listed enterprises (SOC 1), and satisfy security and compliance for global enterprise sales (SOC 2). We launched our Open Banking accreditation services this year with our first audit and application completed last month. We’re now offering no fees until accreditation to kick-start the next wave of innovative, data-driven fintech’s!

 

Ignition Advice

Ignition is a leading global advice technology specialist for financial institutions seeking to help more customers access financial advice in a fast and scalable way. We help clients combine the power of digital intelligence with a human touch to enable smarter, more flexible and secure advice delivery. We partner with banks, insurers and wealth managers worldwide. Our SaaS platform integrates seamlessly into existing systems enabling clients to deliver a customer-centric experience that brings a customer and adviser together into a single advice workflow. We have been featured in global media including Australian Financial Review and UK Financial Times and have released a series of Insights papers. Our latest paper discusses Social Responsibility and Digital Advice. Check it out here: Insights – Ignition Advice | Digital advice. Made human.

 

Binance Australia

Binance Australia is a digital currency exchange platform that enables Australian customers 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. For more information, visit: https://www.binance.com/en-AU/

Check out our previous issues here

Five Fintechs On Friday December 17, 2021

AFF is Asia’s premier platform for global leaders in government, finance and business to exchange insights, intelligence as well as to explore business and investment opportunities. A community of 66,000+ viewers, investors, fintech innovators and entrepreneurs hailing from 80+ countries and regions. The 15th Asian Financial Forum on 10-11 January 2022 will not be one to skip. Don’t miss the chance to attend a dynamic event packed with impactful exchanges and showcase of a wide array of next-gen #fintech solutions. Grab the exclusively discounted tickets with promo code JMP47D (Exclusive to our community). Register here.

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

This is the last newsletter on Five FinTechs on Friday for the year as we wrap up before the break, We wish you a very happy holiday season and prosperous new year

But first, news from the industry…

Visa, the world’s leader in digital payments, recently unveiled a new research showing the case for crypto is getting stronger for financial institutions. Square, Inc. recently announced that it is changing its name to Block

Further, MyBond is officially launching its rental bond services with a new website refresh & series of videos demonstrating a cool new alternative to playing rental bonds and Open was recently announced as Australia’s 7th fastest growing company in AFR Fast 100

 

Below are five fintechs to know about this fortnight!

Codat

Codat is the universal API for business data. The real-time connectivity that Codat offers enables software providers and financial institutions to build integrated products for their SME customers. Codat’s clients range from corporate card providers to business forecasting tools and lenders, and use cases include auto-reconciliation, business dashboarding, and loan decisioning. Codat was founded in 2017 and has offices in London, New York, and San Francisco. This month, Codat announced its expansion into Australia with the opening of its Sydney office, the appointment of Matthew Tyrrell as APAC Commercial Director, and a partnership with Judo Bank to simplify the way Australian businesses share information with financial service providers.

Fenergo
Fenergo enables financial institutions to deliver seamless customer onboarding experiences while satisfying regulatory obligations by automating compliance. Our SaaS Client Lifecycle Management platform digitally transforms and streamlines end-to-end client lifecycle processes – from regulatory onboarding, data integration, client and counterparty data management, Know Your Customer (KYC) reviews and remediation, to client offboarding. Our API-first ecosystem of channels, systems and data providers enables financial institutions to deliver truly frictionless customer journeys. At Fenergo we stand out for our deep expertise in financial services and community-based approach to solution development which mutualises the cost and effort of regulatory compliance. Discover more here

Monoova
Monoova partners with businesses, payment apps & platforms, to support them managing large transaction flows. They enable businesses to fully automate how they receive, manage & pay funds, 24/7, 365 days per year. Its proprietary real-time, secure platform allows businesses to access a variety of payment functions, instant automatic reconciliations, & easy-to-access reporting – so they can secure & stay in control of their payment ecosystem. Find out more here: www.monoova.com Whether you need a solution or advice across the New Payments Platform(NPP), Bpay, Direct Debit, PayTo, Automatcher, API or anything in between, they have what you need. If you are looking for a pioneer, market leader & partner you can trust for your payment solutions, get in touch for a no obligation, confidential chat – https://www.monoova.com/contact

Haventec
Haventec enables seamless and secure customer authentication for FinTech organisations. Our award-winning platform, Haventec Authenticate, provides a genuinely passwordless technology that eliminates passwords and shared secrets. Easily integrate Haventec Authenticate with your existing IAM solution and leverage single-step multi-factor protection without multi-factor friction. We would love to show you how we transformed security and experience at Australia’s 1st digital bank and ways we can help you achieve outstanding CX. Visit our website today to book a personalised demo.

Fundsquire
Fundsquire is a global source of capital that invests in innovative businesses in Australia, the UK and Canada. We work closely with our customers to offer straightforward, personalised, non-dilutive funding through R&D tax credit loans, government grant funding and revenue based financing. Transitioning from a startup to a scaleup, our own journey motivates us to create unique solutions that empower businesses to take control of their funding timeline for accelerated growth. Over the past year, Fundsquire has doubled its investments in category-leading businesses. This rapid growth has been enabled by strategic expansion of team and operations along with technology platform development. Fundsquire also brings its customers an expansive network of partners and perks to enable seamless funding options for businesses at all stages of growth.

Check out our previous issues here

Five Fintechs On Friday November 19

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

But first, news from the industry…

Dacxi and ABC Bullion form unique supply and vaulting partnership to disrupt precious metal investing in Australia. BDO and AusCERT presents the Cyber Security Survey that identifies the current cyber security trends, issues and threats facing organisations across Australia and New Zealand

Further, Airwallex, Singapore Pte Ltd has been granted a Major Payment Institution License by the Monetary Authority of Singapore (MAS) and Envestnet | Yodlee launched their whitepaper to show continued evolution of Open Banking models in Australia.

We are also excited for our webinar with Austrade on Vietnam fintech landscape and opportunities for Australian fintechs. Register early for the discussion on 30 November, 3 PM (AEDT) and get insights on Vietnam Fintech market overview.

Below are five fintechs to know about this fortnight!

 

DiviPay

DiviPay supports over 1000 Australian businesses with their expense management system. Access virtual cards, bill payments tools, expense reporting and a free reimbursements tool. DiviPay allows you to create your own bespoke spend management solution. Instantly issue instant virtual cards to team members – No forms, no wait time, no card sharing, no fraud. Plus create rules to control their spending. Let your staff process their own bill payments and stay in control from afar with budgets, approval rules and a real-time bill tracker. Automate your expense reporting by snapping photos of receipts. Or pay at a Slyp enabled merchant and a Smart Receipt will automatically attach to your expense report and export into Xero, MYOB and Quickbooks. No photos, no physical receipt needed.

 

Dedoco

Dedoco stands for ‘Decentralized Document Connector’. A blockchain-based digital document and signing solution that is transforming the way enterprises manage digital workflows, while issuing trusted, verifiable documents and credentials. Ultimately, Dedoco aims to provide best-in-class digital solutions that allow it’s users to maintain greater governance over their daily processes while conducting transactions as seamlessly and safely as possible. ISO 27001 certified, today, our clientele includes Governments, Banks, FI’s, Professional Services and Real Estate firms. Invested by Temasek-backed Vertex Ventures SEA in June, Dedoco is also the only solution in the digital document/signing category to be accredited by IMDA Singapore for government, ministries and agencies. Say Hello to the future of documents. To contact Dedoco Australia, please email partnerships@dedoco.com.

 

Panda Remit

The Fast and Affordable way to send money globally. Panda Remit’s history starts from 2018 and they are supported by Tier1 global venture capital firm (Sequoia Capital & Light Speed). Panda Remit aims to provide safe, convenient, and low-cost international money transfer service to people who travel, live & work internationally. Their services have received more than 50,000 high-rating reviews. They are able to support more than 30 currencies and our business coverage includes Australia, New Zealand, South East Asia, America, Canada, Japan, Canada and Singapore.

 

LUZ Financial Solutions

LUZ Financial Solutions has been developing innovative software solutions for Asset Managers, Banks, financial consulting and Superannuation funds for over 20 years. MITRA is the company’s main software and provides a Front to Back office integrated solution that supports those responsible for the management, investment, operations, risk, internal controls, and back-office areas in accordance with corporate governance best practices. In addition, for an ADI, MITRA will generate the BASEL III reports in accordance with the regulatory requirements, efficiently and safely. Very recently Fitch Ratings upgraded the rating of one of their new clients to excellent. In their words “Strong operational risk controls, with very low operating losses”.

 

EPAM

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged advanced software engineering heritage to become the foremost global digital transformation services provider – leading the industry in digital and physical product development and digital platform engineering services. Through their innovative strategy; integrated advisory, consulting and design capabilities; and unique ‘Engineering DNA,’ EPAM’s globally deployed hybrid teams help make the future real for clients and communities around the world by powering better enterprise, education and health platforms that connect people, optimize experiences, and improve people’s lives. Their global multi-disciplinary teams serve customers in more than 40 countries across five continents.

Check out our previous issues here

Five Fintechs on Friday 05 November

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


But first, news from the industry…

Partnerships and Collaborations!

Cirralto, Fresh Supply and Chinese importer, James Tyler partnered to accelerate fresh-produce trade relationships between Australia and China via cross-border BNPL finance agreements. Open announced its partnership with WeMoney for powerful and simple insurance wherein, WeMoney members can purchase car, home and contents insurance directly in-app through the Huddle widget, Open’s ready-to-go insurance solution. Openpay partners with Till Payments to offer the flexibility of BNPL to more consumers and merchants across Australia and New Zealand.

Further, Envestnet | Yodlee is now an Authorized Active Data Recipient and Intermediary under Australia’s Consumer Data Right (CDR) and CreditorWatch recently announced the formation of its board of directors as part of its next growth phase

The Singapore Fintech Festival is on 11 November, 2021. Sydney is proud to be a host city for the World FinTech Festival. Our community get to attend the event for free. Simply click on the link to redeem your complimentary pass.

We have also partnered with FINTECH21, a two-day, two-stream program on Blockchain & Crypto and Fintech Trends as part of SmallBizWeek. Book your tickets for Australia’s largest fintech event of 2022 – 23-24 March 2022. Reach out to us for speaking and exhibition opportunities. Also get a 15% discount to attend! Use Code FAU15.

Below are five fintechs to know about this fortnight!

 

Riskified
Riskified empowers businesses to realize the full potential of eCommerce by making it safe, accessible, and frictionless. Riskified has built a next-generation eCommerce risk management platform that allows online merchants to create trusted relationships with their consumers. Leveraging machine learning that benefits from a global merchant network, Riskified’s platform identifies the individual behind each online interaction, helping merchants—Riskified’s customers—eliminate risk and uncertainty from their business. Riskified drives higher sales and reduces fraud and other operating costs for its merchants and strives to provide superior consumer experiences, as compared to its merchants’ performance prior to onboarding Riskified.
 

 

MyBond

MyBond is financial service that helps tenants pay their rental bond. Since March 2021, MyBond has helped over 500 customers across New South Wales, Victoria, and soon Queensland (as of 1st of November) with further expansion across other states and territories in the coming year. There is no other product similar of its kind in the market. A simple and straightforward fee of “One Week Only”; MyBond can pay a tenants’ entire bond for a fee of just one week’s rent. In an expensive city like Sydney, it’s a natural barrier for tenants from all walks of life to raise another four weeks rent alongside the cost of moving whilst still waiting for their previous rental bond to be refunded. Thus, MyBond’s unique service is becoming a popular alternative and solution to paying rental bonds.

 

 

EpisodeSix

EpisodeSix gives banks, fintechs and brands the freedom to design and bring digital payment propositions to market with unmatched speed and across any asset class. The E6 platform, Tritium, is the industry’s most flexible and extensible, leading the industry in product configurability. E6 is partnering with banks and fintechs in Australia, including newly launched Karta.

Fintech industry trailblazer Daryn Griggs is Episode Six’s Brisbane-based Managing Director for Asia Pacific. E6 is propelling payment technology to the next generation, removing the constraints of legacy technology and powering new digital payment propositions for traditional and challenger banks as well as fintechs globally.

 

 

Fresh Equities
Fresh Equities provides simple access to listed capital raises for sophisticated investors and institutions. They are all about driving up participation in the listed market by reducing friction and helping more investors discover and back high growth companies. Investors on Fresh have generated over $500m of demand for the 1,000+ capital raises that have been on platform since launching in late 2018. For listed companies looking to raise capital, they provide a platform that allows them to capture all of the demand they have cultivated in the market with the insights to price and allocate successfully.
 

 

NETSOL Technologies
NETSOL Technologies is a leader in providing innovative IT solutions to the global asset finance and leasing industry. Since its inception, NETSOL has enabled bluechip organisations and Fortune 500 companies in finding their competitive edge and streamline their operations. The company’s suite of applications is backed by four decades of domain expertise. It is supported by a team of over 1300 professionals placed in eight strategically located support and delivery centres worldwide. Our end-to-end product solutions have been powering retail and wholesale finance and leasing operations along with a full suite of digital products for more than 200 global partners.

Check out our previous issues here

Five Fintechs On Friday October 22, 2021

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

But first, news from the industry…

Partnerships and Collaborations!
TransUnion, announced its investment in UK-based fintech Monevo to deliver highly personalised credit offers to consumers via comparison websites and other third parties. Envestnet | Yodlee recently collaborated with Intuit QuickBooks to provide Financial Data Connections to millions of small businesses. DiviPay and Slyp, two fintechs sparking change across Australia’s financial landscape have a partnered nationally to allow businesses to capture tax-compliant receipt information in real-time

Fund raising!
Global Processing Services (GPS) raises over US$300 million to accelerate technology development and global growth. Cirralto recently released a major software upgrade involving a strategic investment of $1.1m to unlock multiple competitive advantages to the Spenda system

Lastly, we are excited to host an upcoming event with Austrade, this time focusing on Bridging the Australia-UK FinTech Landscape. Join the discussion with key industry leaders on October 28 (7 PM AEDT).

Below are five fintechs we shortlisted for this fortnight


Tiiik

Tiiik is a blockchain company on a mission to bring decentralised finance (DeFi) to everyday people. They are solving the problem of earning interest on your savings by simplifying access to DeFi products. The technical barriers of entry are removed with a regulated one-click gateway from your bank account to your DeFi digital wallet – where you can save, spend and earn on the same balance. The first stage of the tiiik journey is underway with approval for wholesale investors, and plans to launch for retail investors by the end of 2022.


Illion

Illion Open Data Solutions provides bank data aggregation and analytics services to some of Australia and New Zealand’s largest banks, lenders, broker groups and fintech companies. Providing easy access to Open Banking, illion is one of the first CDR-accredited companies, recently being granted ‘active’ status on the registrar. The company recently launched illion Transaction Risk Score (iTRS), a first-of-its-kind product which offers a highly predictive risk model derived from consumers’ banking transaction data. This is one of many new innovations you can expect to see from illion. You can learn more about illion’s products by contacting Tom Dolman at tom.dolman@illion.com.au.


FreightSafe

FreightSafe is Australia’s largest third party claims managers to the Transport and Logistics industry. Managing tens of thousands of claims each year, FreightSafe partners with insurers to manage their high volume goods in transit books or directly with transport providers to provide under excess claims management. As a result of the explosion in online retail freight volume, FreightSafe has seen enormous growth over the past 2 years and its team is now in excess of 50 people and growing. If you’d like to chat about potential solutions, reach out to the FreightSafe team at hello@freightsafe.com.au


Till Payments

Till is the fast-moving, Aussie-born, global fintech disruptor opening a world of possibilities for businesses seeking simple, seamless, all-in-one payments. Founded in 2012, their team of 100 staff is rapidly growing and headquartered in Australia, with teams in London, Manila and across the US. They have recently secured $110 million of funding in a Series C capital raise, which will be used to accelerate the development of new paytech innovations and boost our expansion into new markets, including the US, the UK and Europe. Till takes 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.


Koba Insurance

KOBA is pioneering Australia’s first real-time kilometre based car insurance. Customers pay an upfront cost to cover their vehicle while parked and a few cents per km you drive. This works through a KOBA Rider – a matchbox-sized device that attaches to the car’s OBD port and communicates with a smartphone app to record when the vehicle is driving. In real-time, the app measures the km you drive and charges you for the insurance you use. Future features will include digital mechanic health checks, a find my car locator and automatic collision detection to dispatch 000. KOBA launches in November. Pre-register today to join the smart car revolution.


Check out our previous issues here!

Upcoming Events
  1. Finnies 2022

    June 23
  2. Intersekt 2022

    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