Ledger.

Company

Fintech Australia

Coverage

Stories naming Fintech Australia. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Key hire

Role call: new people at allt, SQC, RedBelly Network, Neara & Indebted

Weekly people-moves column: new executives at allt, SQC, Redbelly Network, InDebted and Neara, including Clive Dickens joining allt's board and Chris McNamara becoming InDebted's CEO.

Key hire

Apple of his isle: Fintech investor Brian Collins named Enterprize Tasmania CEO

Enterprize Tasmania has appointed Brian Collins, deputy chair of FinTech Australia and co-founder of fintech fund Triple Bubble, as CEO, with the ten-year-old organisation seeking national and global reach for the state's startup ecosystem.

Key hire

Swyftx confirms appointments of new Chair and CEO

Australian crypto brokerage Swyftx has made Cathryn Lyall its permanent Chair and Andrea Yuen its CEO, with co-founder Alex Harper stepping back from interim co-leadership to his board role.

Exit / M&A

Joust appoints Fintech and Banking experience to Board

Online home loans marketplace Joust adds Virginia Marshall and Stuart Stoyan as non-executive directors, drawing on their banking and fintech backgrounds at Westpac, SocietyOne, MoneyPlace and Fintech Australia.

Exit / M&A

Afterpay to be acquired by Square in $39 billion deal

Australian buy-now-pay-later firm Afterpay has agreed to a US$29 billion acquisition by Square, with founders Nick Molnar and Anthony Eisen expected to join the payments company once the deal completes in early 2022.

Also Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Australian FinTech·Australian FinTech·Australian FinTech

Unnamed stage $433m

Xinja exits the neobank scene: What happened, and what does it mean for the competition?

Neobank Xinja is shutting its Australian banking operations, handing back its ADI licence and returning deposits, blaming COVID-19 and difficult fundraising, while pivoting to its US share trading product.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily

7 deals

Ignition Lane's Weekly Wrap: MyDeal and Adore hit the ASX, the Future Fund takes a hit on Quibi

Ignition Lane's weekly roundup reports MyDeal and Adore Beauty listing on the ASX, Rokt's US$80 million Series D, several trans-Tasman raises, Quibi shutting down, Westpac trimming its Zip stake, and local executive appointments.

Also Crunchbase News·Startup Daily·Startup Daily·Startup Daily·Startup Daily·ARN (ARNnet)

Key hire

Startmate bolsters its female leadership with Lauren Capelin as Principal and Blackbird's Samantha Wong joining the board

Startmate appoints Lauren Capelin from Reinventure as its first Principal and Blackbird's Samantha Wong to its board, replacing Nick Crocker, as it launches its first New Zealand accelerator cohort.

11 deals

Millions in the bank: Meet 10 Aussie fintechs that raised funds during COVID-19

Roundup of ten Australian fintechs that raised capital between March and July 2020, including Payright, Zeller, Judo Bank and Airwallex; PictureWealth raised $12 million and acquired NEO Financial Solutions.

Also SmartCompany·SmartCompany

Funding announcement

Neobank 86 400 to be acquired by NAB in $220 million deal

NAB is buying neobank 86 400 for roughly $220 million, folding it into UBank, shortly after rival Xinja said it would quit banking, leaving fewer independent Australian neobanks standing.

Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Australian FinTech·Australian FinTech·Australian FinTech·Australian FinTech·Australian FinTech

Unnamed stage $141m

THE FINNIES: Here are the best fintech businesses in Australia

Afterpay, Airwallex and Up Bank took major prizes at the 2019 Finnie awards in Melbourne; Airwallex's $141 million raise won biggest raise and Liberty's purchase of MoneyPlace took deal of the year.

Series C $141m

Airwallex and Afterpay clean up again at Finnies 2019

FinTech Australia's 2019 Finnies awards recognised Airwallex with three trophies including Biggest Raise, Afterpay as FinTech Organisation of the Year, plus wins for Up, Zuper, Xinja, Athena and others.

Also Square Peg Capital portfolio·Square Peg Capital portfolio·TechCrunch Venture·Techboard·SmartCompany·Australian FinTech·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Techboard·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Australian FinTech·Startup News (WA)·Australian FinTech·Australian FinTech·Australian FinTech·Australian FinTech·Australian FinTech·Australian FinTech·Forbes Australia·TechCrunch Venture·TechCrunch Venture

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