Ledger.

Manager of Leverage and Portfolio Management, Firemark Ventures

Rebecca Schot-Guppy

Coverage

Stories naming Rebecca Schot-Guppy. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

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

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.

Funding announcement

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.

Something wrong? Tell us