SocietyOne

Ross Horsburgh joins Shift as Treasurer

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.

The final FUNDED for 2021

Techboard's year-end roundup catalogues November funding activity: big raises for Rokt, Harrison.ai and Pet Circle, five acquisitions, Investible's second fund closing at $51.6m, plus a watchlist of companies still seeking capital.

Also Australian FinTech

MoneyMe acquires fellow fintech pioneer SocietyOne

ASX-listed lender MoneyMe is acquiring rival consumer credit fintech SocietyOne in a scrip-based deal valued at $132 million, aiming for scale, cost synergies and revenue growth.

Also Startup Daily·Techboard·Australian FinTech

SocietyOne targets broker channel with launch of digital broker portal & suite of new hires

Lender SocietyOne has rolled out a digital broker portal and appointed several broker-channel executives, including a new chief commercial officer and business development managers, as it chases growth into FY22.

Westpac flags more fintech deals after SocietyOne tie-up

Westpac will share its banking licence with lender SocietyOne, its second fintech partnership in five months after Afterpay, and a senior executive expects more such deals this year.

Westpac teams up with lending fintech SocietyOne for digital banking play

Lending fintech SocietyOne joins Westpac's 10X digital banking platform, following Afterpay, giving its customers transaction accounts from late 2021. Westpac has backed SocietyOne since 2014 via Reinventure, alongside other Australian backers.

Media mogul-backed digital lender SocietyOne eyes ASX float

Digital lender SocietyOne is weighing a sharemarket listing this year to fund lending growth and new products, having passed $1 billion on its loan platform, after competitors Plenti and Harmoney listed in 2020.

Fintech Douugh poised for ASX debut after $6m capital raising

Douugh closed a $6 million capital raising and is set to list on the ASX via a reverse takeover of Ziptel, with a US launch planned before Christmas.

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

Volt Bank's Maria Loyez joins SendGold as Chief Customer Experience Advisor

SendGold has appointed Maria Loyez, formerly a marketing executive at Volt Bank, SocietyOne and OFX, as Chief Customer Experience Advisor ahead of its global launch.

Startup funding levels at record highs into April but has the Covid 19 induced decline of startup funding begun?

Techboard's periodic funding analysis reports record Australian startup funding in March and April 2020, driven by large neobank raises, while declining deal counts suggest an emerging Covid-19 downturn.

5 things you should know about tech today

Startup Daily roundup: French regulator fines Apple over iPhone slowdown; Startmate opens applications for its women-only Fellowship; SocietyOne raises $15 million; Xero deepens its Square integration; Nasdaq visits Sydney.

Also SmartCompany·Australian FinTech·Australian FinTech·Techboard

Reinventure makes two of its ‘lifers’ partners in the VC fund

Reinventure Group promotes its first two employees to partner roles, while the article recalls its earlier investments in SocietyOne, Slyp, Curious Thing and Flybits, and Westpac's role as limited partner.

New ‘disruptor’ Grapple set to combat banks and Australia’s late payment terms

Stephen Dawson and Greg Symons have launched Grapple, a peer-to-peer invoice financing platform for Australian businesses, backed by figures including Robert Millner and Bill Moss, after completing an oversubscribed second funding round.

Neo or not, all banks rely on debt: Why fintech Douugh wants to disrupt the system, not just challenge it

Profile of Andy Taylor's fintech Douugh, an AI financial wellness platform already live in the US, recalling Monex's June strategic investment and a MasterCard partnership, with an ASX listing planned.

New neobank to list on the ASX and challenge the Big 4 ASX banks

Neobank Douugh is reportedly planning an ASX listing within about a month, hoping to raise $10 million, with founder Andy Taylor previously co-founding P2P lender SocietyOne.

Shippit rejects $5M and secures a strategic $2.2M Series A

Shipping platform Shippit took a AU$2.2 million Series A led by Aura Group, with Addventure Fund and RTL Group participating, turning down a larger oversubscribed offer to bankroll Asia-Pacific expansion and hiring.

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