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Technology

Fintech

This Month

The hidden clause VCs are slipping in to hedge their bets on crypto

Finder chief executive Fred Schebesta says some investors are trying to introduce new terms to claw back their money if things go awry at crypto start-ups.

  • Emma Connors

September

Iress plunges 17pc after surprise earnings downgrade

The long tenure of Iress CEO Andrew Walsh has come to an end with a shock downgrade and a contract win.

  • Jonathan Shapiro

Gandel family, Adam Schwab buy into B2B payments player

Pay.com.au has scored the attention of some high-profile investors, with the likes of the Gandel family, Adam Schwab and Bell Potter’s Hugh Robertson tipping in cash.

  • Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald

Why this entrepreneur is starting again after selling for $80m

A career break wasn’t on the cards for Leigh Dunsford after his company was acquired by Xero, with the founder launching a new fintech venture.

  • Tess Bennett

PEXA looks for positives in Link’s plan to offload half stake

CEO Glenn King says it could allow new shareholders onto the register, and says PEXA is eyeing off opportunities in other markets such as Canada.

  • Hans van Leeuwen
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Regal doubles down in fintech Shaype’s Series C round

Sydney embedded finance start-up Shaype has ruled off a $33 million round and scoring a top-up from Regal Investment Partners to boot.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

NAB takes on accountants by backing Xero rival

The new accounting software player called Thriday says it will be cheaper and more efficient for small and medium-sized businesses than Xero and MYOB.

  • Yolanda Redrup

Aussie crypto founder sees his $267m windfall disappear

Entrepreneur Michael Dunworth arrived back from holiday to discover the $267 million from the announced sale of his company Wyre had vanished.

  • Jessica Sier

Inequality-busting fintechs need your support

A range of smart tools have come to market to help women improve their financial lives. But where are the customers?

  • Bianca Hartge-Hazelman

Westpac turns on money management features in its app, catching CBA

Major banks are taking the fight to fintechs by adopting budgeting tools that will create “stickier” customers less likely to leave their banking apps.

  • James Eyers

ANZ, eSafety commissioner engage on metaverse user protections

Nigel Dobson has called on regulators to catch up and work out a digital identity regime that will help banks navigate the uncertain terrain.

  • James Eyers

MYOB buys Flare in big shift into financial services

The CEO of the payroll software provider says it is expanding into fintech to provide an opportunity to “connect with businesses in new and deeper ways”.

  • James Eyers

What CBA’s PayTo tool means for you

Commonwealth Bank and Great Southern Bank are the first to switch on a real-time system to manage scheduled debit payments.

  • James Eyers

DataMesh raising at $115m valuation; NAB tipped to corner round

National Australia Bank’s venture capital arm is understood to be back for a second helping at Sydney payments start-up DataMesh, as it hits the fund-raising trail.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

NDIS claims, payments company Credability rattles tin

Australian fintech Credability Systems is seeking to raise $5 million to ramp up its NDIS claims processing software and prepare for a potential initial public offering. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
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PEXA hits milestone in British expansion drive

The e-conveyancing firm has completed its first UK transaction on schedule, and aims to grow as quickly as the Bank of England will permit.

  • Hans van Leeuwen

Tide turns against neobanks as corporate VCs look elsewhere

Corporate venture capital funds are looking to capitalise on the downturn in the private capital market, but it’s unlikely funding will flow to any neobanks.

  • Yolanda Redrup

Frustration at bank delays activating a new direct debit system

Monoova, Azupay, Ezypay, Zepto, Paypa Plane and Zai are ready to let merchants receive payments from bank accounts. But the banks haven’t enabled it yet.

  • James Eyers

August

MoneyMe seeks $20m in deeply discounted equity raising

The non-bank lender’s shares last traded at 69¢, but it plans to tap the market to raise capital at just 50¢ a share.

  • Ayesha de Kretser

ANZ says blockchain can build a better carbon market

Paul O’Sullivan and Stephen Jones told the opening of the Digital Finance Cooperative Research Centre that its research will redefine commerce.

  • James Eyers