Australian Fintech Startups

By Dexter Cousins on 16/08/2022

Welcome to your weekly news roundup of Australian Fintech startups.

Dexter and Joanne have an action-packed Fintech News show featuring Australian Fintech companies.

Chloe White from Genesis Block joins us to talk about all things Blockchain (29 min mark) in what was a crazy week for news, even in the never-boring world of Digital Assets. Listen to the extended version of Blockchain News

Charlene Batson talks about the recent management buyout and a positive year of growth at Business Lender, OnDeck. (17.30 min mark)

We kick off the show with Alastair Wilkie CEO of Change Financial. He joins us to talk about their recent capital raise.  (1 min mark)

Other Fintech News

News that Timelio has raised $7.5m underwritten by their 4 main shareholders. 

In addition, Symon Brewis-Weston has joined the company as its CEO following the departure of founders Andrew and Charlotte Petris.

Send and Pexa have joined forces providing faster and cheaper multi-currency settlement services for overseas property transactions.

iSelect has finalised an agreement to sells its insurance and utilities comparison service to its biggest competitor, Compare the Market.

Open Banking pioneers Frollo have announced the end of screen scraping. It’s two years since Frollo made open banking history in Australia by completing the very first data exchange

They confirmed that the big four banks had already cut the practice of screen scraping and 50 additional banks will follow suit later this year.

A warning to all those social media Finfluencers offering unlicensed financial advice, ASIC is watching you! 

Million dollar fines and potential jail time has seen the worst offenders go quiet or even delete their online accounts for fear of retribution. 

Applications are now open for the Finder Awards 2022. The closing date for submissions is Friday 2nd September.

Latest Fintech Hires

In the latest people moves - 

MX51 have appointed Jo Newton as its Head of People & Culture.

David Bicknell has departed Airwallex to join Immutable as their new CFO.

Jason Gardner CEO and founder caused shares of Marqueta to fall 24% after the announcement of his departure from the business. 

Jason leaves Marqueta after a stellar decade, which has seen the company rise as a global force in payments.

He’ll be staying on as Chairman.

If you have any news or feedback you want to share -  email joanne@tieronepeople.com

Until the next episode, stay safe.

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Fintech Chatter News is presented by Tier One People, leaders in Fintech executive search 

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Article written by Dexter Cousins
Founder of Tier One People and host of the Fintech Chatter Podcast.

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