FUNDED May 2023
Techboard's May 2023 roundup of Australian startup funding: 42 private raises topped by Fleet Space's $50m round, two $40m acquisitions, multiple grants, accelerator intakes, and fund news including GiantLeap's $50m fund raise.
Startup · $12.2m raised
Melbourne, VIC
Every investor coverage indicates participated in a round Finspo raised.
| Investor | Rounds | Invested |
|---|---|---|
| Ashok Ramamurthy | Series A | - |
| Mark Armour | Series A | - |
Every published round Finspo took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Finspo has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Finspo, as distinct from the investments it has made.
Companies Finspo has backed that another company then bought. An exit for the holding, not a deal Finspo did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Finspo is recorded as having been acquired. | ||||
Companies Finspo acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Credo | Acquisition | Jul 2020 | - | Startup Daily, Australian FinTech |
| Name | Role | Sources |
|---|---|---|
| Angus Gilfillan | CEO · Founder | SmartCompany, Startup Daily, Australian FinTech (Tue 16 May 2023), Australian FinTech (Wed 27 Jul 2022), Australian FinTech (Thu 22 Jul 2021), Australian FinTech (Wed 4 Nov 2020) |
| Bill Armour | Non-Executive Director | Australian FinTech |
| Brad Gravell | Chief Operating Officer | Australian FinTech |
| Frank Taddeo | Senior Lending Expert | Australian FinTech |
| Josh Brougham | Non-Executive Director | Australian FinTech |
| Nathan Taddeo | Chief Lending Officer | Australian FinTech |
Stories naming Finspo. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Techboard's May 2023 roundup of Australian startup funding: 42 private raises topped by Fleet Space's $50m round, two $40m acquisitions, multiple grants, accelerator intakes, and fund news including GiantLeap's $50m fund raise.
Weekly roundup of seven Australian and New Zealand startup raises, headlined by a previously unreported $32 million seed for banking software venture Constantinople, plus new rounds for six other companies.
Also Startup Daily·Startup Daily·Techboard·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·AgFunderNews·Startup News (WA)·Forbes Australia·AgFunderNews
Australian digital mortgage broker Finspo has closed its Series D round, raising $2.55 million in equity to scale its business and further develop its digital home loan platform.
Cut Through Venture's August update rounds up July 2022 Australian startup funding, listing raises from Mx51 to WeMoney, Startmate's newest cohort of twelve, and the beta launch of its investor search tool.
Also Techboard
Digital mortgage broker Finspo has secured $3 million in equity commitments to grow its digital home loan platform and back its purchase of Lanteri Partners' mortgage lending portfolio.
Digital home-loan broker Finspo has raised $4 million in new commitments to grow its team and technology, and used the round to buy Melbourne broking firm Credo, whose co-founders take lending roles at Finspo.
Also Startup Daily
Australian banking-savings app Finspo has closed a $2.7 million Series A led by angels Mark Armour and Ashok Ramamurthy, both joining its board, ahead of the app's public launch.
Also Startup Daily