Dear Community, There are only 8 days left to submit your entries for FINNIES 2023!! Make sure to apply now and don’t miss out on the fun Apply to the Finnies 2023 here Austrade’s Export Market Development Grants (EMDG) program helps Australian businesses grow their exports in international markets. These grants encourage small to medium enterprises market and promote their goods and services globally. The EMDG Round 3 will be open very soon! Read the details above. Austrade invites expressions of interest from Australian fintechs interested in the US in-market program taking ..read more

CreditorWatch Collect helps businesses mitigate risk, empowering them to collect on overdue or unpaid invoices to improve cash flow CreditorWatch today launched its automated debt collections solution, CreditorWatch Collect. The latest offering from the commercial credit reporting bureau gives businesses struggling to keep on top of cash flow access to a tool to transform their accounts receivables and collections processes. At a time when keeping the cash flowing is essential for business stability, CreditorWatch Collect will help businesses get paid faster while saving time and mo ..read more

Shaype®, the Australian end-to-end embedded finance platform, hasachieved SOC 2 Type I certification for the fifth consecutive time. This most recent achievement marks yet another key milestone in the continued growth and maturity of the Shaype platform and underscores. Shaype’s collaborative approach to partner with its clients, including offering the highest levels of data security and privacy protection. “We have now voluntarily sought and passed SOC 2 certification, without an adverse finding, for the fifth consecutive time since 2020,” said Connuil McEvedy, Shaype’s Chief Risk Officer ..read more

While crypto’s chaos may have stolen the limelight for the better half of the year, fintech has also had a rocky 2022. Hit by the global macroeconomic climate, valuations have been falling, and the latter half of the year has been tainted by endless stories of tech layoffs. Startups and unicorns face difficult times, with the poster children of yesteryear falling to their knees. Klarna, despite remaining optimistic about profits for the year ahead, is looking down the barrel of losses, while the likes of Brex, Stripe, and Plaid cut significant portions of their staff. Despite all this, Revolu ..read more

The Complete Guide To Cleantech Investing for 2023 is Available Now Bloom Impact Investing, the Brisbane-based Fintech making climate investing easy and accessible, has released the 2023 Complete Guide To Cleantech Investing: A guide featuring and reviewing 95 Climate impact listed companies to inspire more Australians to do well and do good via climate investing. About the report Using financial data and impact analysis, Bloom’s team developed The Complete Guide To Cleantech Investing for 2023. The report details their proprietary methodology for how to select high-growth climate investment ..read more

Key 1H23 highlights  Record originations: – 1H23 originations of $214 million up 68% on the previous corresponding period (pcp) – Q1FY23 and Q2FY23 consecutive record origination quarters, with December a monthly origination record of $39 million, up 57% on the pcp Record revenue: – 1H23 revenue of $5.5 million up 115% on the pcp’s $2.5 million – 1H23 revenue margin 2.6%, up from 2.0% in the pcp Improved financial results: – 1H23 EBITDA $0.6 million, compared with ($2.9) million loss in the pcp – 1H23 loss before tax ($2.9) million, compared with ($5.2) million loss in the pcp – 1H ..read more

Dear Community, Two weeks for entries to the Finnie awards to close. We look forward to showcasing and promoting the Australian fintech success. If you are or know of any fintech that deserves the recognition, Apply soon! While fintech funding has reverted to pre-2021 levels, we congratulate the most recent raises by Shift, Data Mesh and HNRY. We also welcome OCR Labs, a global identity verification tech leader founded in Australia, that has joined as a corporate partner. OCR Labs aims to work closely with fintechs and their partners to advise on and educate around ..read more

As an industry first, Wagepay, the earned-wages access fintech based in Brisbane, has switched on PayTo for real-time customer payments. This has been done in partnership with Monoova, the award-winning Sydney-based payment service provider. Spearheaded by the Reserve Bank of Australia, PayTo is a fast and data-rich service suitable for bothone-off and recurring payments. Over time, it is expected that PayTo will replace several currentpayment methods such as traditional direct debits and online card payments. Built on the New Payments Platform’s real-time infrastructure, PayTo debits are act ..read more

Embracing the Challenge and Accelerating the SME Lending Process Micro, small and medium enterprises (MSMEs) are the economic darlings of the economy. They’re innovative, agile and drive competition – not to mention create most of the jobs. However, they’re often shuffled to the back of the line when it comes to accessing credit. Why? Lending to SMEs can be inherently risky and incredibly time-consuming. Traditional financial institutions often require a paperwork-heavy application process and may find it difficult to execute credit risk decisioning without human intervention. Forty ..read more

OCR Labs, a global identity verification tech leader founded in Australia, has become a Gold Partner in FinTech Australia’s corporate partnership program. OCR joins over 37 members as part of the program, including: Google, Oracle, Mastercard, American Express and Moody’s. FinTech Australia’s ecosystem partnership program assists in the fostering of relationships with the fintech industry’s key players and aims to further embed them in the growing ecosystem. In becoming a partner, OCR Labs aims to work more closely with fintechs and their partners to advise on and educate around the ..read more