American Express has partnered with Sniip, an Australian mobile bill payments platform, allowing Sniip members to pay bills with AMEX. “Until now, customers have often not been given the option to pay their household bills using an American Express card, as many businesses have not made it available for their customers,” said Damien Vasta, CEO […]
Australian fintech Verteva today announced it has rebranded to Nano and written its very first home loan via mobile, as it prepares to disrupt the mortgage industry. The company, run by two former Westpac execs, has also begun official beta testing and welcomed family and friends to experience its home loan product and platform ahead […]
The pandemic has prompted an explosion of digital and global business services. Airwallex, an online business account for SMEs, has seen this surge in digital business first-hand. “A major shift in the way businesses operate from offline to online is something Airwallex predicted from our inception,” said Jack Zhang, CEO and Co-founder of Airwallex. […]
Start Path – Mastercard’s global start up program – has bolstered 230 fintechs around the world and helped them raise $2 billion in capital. The program boasts an Australian alumni of Airwallex, Money Tree and identitii, and has recently partnered with its first Australian fintech mx51. We chatted with Kallan Hogan, Head of Fintech Australasia […]
Data gathered by Buy Shares indicates that fintech leaders managed to raise a total of $3.81 billion in the second quarter of this year. The significant amount comes after the economic downturn in the first quarter. Fintech funding impacted by coronavirus pandemic in Q1 Online payment processing platform Stripe raised $850 million followed by Robinhood […]
Fintech Unicorn Airwallex seems to continue to go from strength to strength; the startup managed to complete its largest funding round (US$160M) mid-pandemic and has recently introduced WeChat Pay as part of its payment options, opening up the Asian marketplace to Australian business. The Melbourne-founded global leader was also recently recognised – in November last […]
Yanir Yakutiel is one of Dynamic Businesses’s Top10 Dynamic Entrepreneurs for his role as the Founder and CEO of small business lender, Lumi. After seeing a gap in the market for services that gave financial aid to small businesses, Yanir launched his fintech Lumi in October 2018, despite regulatory uncertainty with the Hayne Royal Commission. […]
It’s an undeniable fact that the financial services industry is currently undergoing massive changes. While a stable global payment ecosystem is more critical than ever, the advent of neobanks and open banking are challenging industry norms and ushering in a new era of disruption. For decades, the incumbent financial institutions and payment solution providers dominated […]
Technology has transformed the way we do things. Impacting every corner of our lives, it has revolutionised even the most mundane tasks, from shopping and banking through to dieting and dating. It’s unsurprising, then, that its impact has extended to the financial services industry, which has long been at the forefront of digitization and technological […]
Today we posed the question of competition, and whether the big financial institutions can survive without Fintech or not. We know that competition in the banking landscape is very low, with the big 4 still holding most of the power in the market. It’s been a subject that we have discussed a lot at Dynamic […]
