Member announcements in September 2017

We’ve listed some of the great announcements and achievements from our members in the month of September, 2017.

  • The personal information management software, Meeco, was awarded the best overall app at the Open Banking Hackathon organized by Germany-based Open Bank Project held on August 11, 2017.
  • Australia’s credentials as an international hotspot for innovative payments solutions has been boosted by the selection of Assembly Payments as the joint winner of an industry challenge held by the world’s leading financial messaging provider. Assembly and CurrencyVue were among the five finalists in the SWIFT global gpi industry challenge, held in Singapore on 13-14.
  • Advice RegTech was among the regtech companies which presented at the Australian Securities and Investment Commission’s Regtech Showcase held in Sydney on 18 September.  Read our report on this event at the link above.
  • Waddle has announced an expansion into New Zealand, as it looks to further capitalise on Australia’s $64 billion invoice finance and factoring industry with its cloud funding software.
  • In the last 30 days, investment portfolio tracking & tax reporting tool, Sharesight has reported it tracked $1.9B USD worth of investments from active portfolios in Australia, New Zealand, Canada, the UK, and the US.
  • Atlassian’s Mike Cannon-Brookes has led a $4 million funding round of Brighte, which helps households create an energy efficient home.
  • FlashFX has announced that it is the first Australian company to receive a financial services licence to transfer money internationally using blockchain technology.
  • Carrott has launched its app, which helps people use their ‘lazy cash’ to top up their superannuation account.
  • Perth-based PictureWealth which provides a big picture snapshot of your finances (dubbed a “welfie”) has raised $1.2 million and is tracking $500 million in client funds through the platform.
  • Major bank Westpac has teamed up with Stone & Chalk and Reinventure to create a “data accelerator” to build new technology businesses from anonymised data sets. The initiative will be headed by former Fishburners CEO Murray Hurps.
  • Sydney-based fintech accelerator H2 Ventures has publicised the latest cohort into its accelerator, along with its plans for global expansion and to include artificial intelligence and big data startups
  • Moneysoft, the money management app developer, has integrated its cashflow service with goals-based digital advice provider Invertfit and software data connector Xeppo
  • Invoice marketplace Timelio has announced that Anthony Thomson, founder and chairperson of the Atom Bank, has invested in the company. Mr Thomson is speaking at our upcoming Intersekt Festival.
  • Business lender Spotcap announced the launch of a Fintech Scholarship program, with $10,000 being awarded to an Australian student attending university in a fintech-related field.
  • Real estate fractional investing platform, BrickX, launched its first property in Adelaide and plans to buy in Brisbane and Hobart
  • Business and financial management solutions provider Intuit, has grown 89% in the past 12 months to surpass 100,000 subscribers
  • Flare HR, the all-in-one HR and benefits platform, raised $7 million in funding with Reinventure adding to its existing $1.5 million seed funding. The company also brought on a new co-founder – James Windon to maintain the consumer side of the HR business
  • Micro investing app Acorns Australia has reached a milestone of over $100 million in funds under management (FUM), highlighting growing interest in innovative ways to invest.