Startup · $26m raised
Perth, WA
Every investor coverage indicates participated in a round PictureWealth raised.
Every published round PictureWealth 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 PictureWealth 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 PictureWealth, as distinct from the investments it has made.
Companies PictureWealth has backed that another company then bought. An exit for the holding, not a deal PictureWealth did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of PictureWealth is recorded as having been acquired. | ||||
Companies PictureWealth 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 |
|---|---|---|---|---|
| NEO Financial Solutions | Acquisition | 28 Jun 2020 | - | SmartCompany, Startup News (WA), Australian FinTech |
Stories naming PictureWealth. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Perth fintech PictureWealth has bought out licence holders Futuro Financial Services and Insight Investment Services from majority owner Highfield Group, with existing leaders staying on as chairman Dennis Bashford plans succession.
Startup News recaps its most-read WA startup stories for the June quarter and the 2021-22 financial year, listing funding raises, acquisitions and other headlines that drew readers.
Ignition Lane's weekly technology roundup: climate-tech funding activity, Grok's bid for AGL, King River Capital's digital asset fund, a batch of Australian startup raises, Maropost acquisitions, GigSuper's collapse and a National AI Centre appointment.
Also Startup Daily
Perth wealth fintech PictureWealth announced a $14 million Series A from an undisclosed institutional investor, lifting total funding to $30 million, and hired Westpac executive Allan Maitland to lead its advisory subsidiary.
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
Techboard's monthly bulletin reports May 2020 Australian startup funding of $523 million, including InteliCare's ASX listing, PictureWealth's $12 million raise, and Antler's latest cohort of 13 companies.
Digital advice firm PictureWealth bought wealth manager Neo Financial Solutions outright and raised $12 million from private investors, forming a combined business of 94 advisers overseeing $2 billion.
Also Startup News (WA)·Startup News (WA)·SmartCompany·Startup News (WA)·Startup News (WA)·Startup News (WA)