Five FinTechs on Friday, April 4, 2025
Hi FinTech Australia Community,
Happy Friday!
Tickets to the Finnies Gala Awards Night happening on the 26th of June 2025 are now on sale! Join us in celebrating the winners and a decade of Australian financial innovation. Register today.
Are you looking to expand to India? Join Investment NSW for an interactive fintech session to discuss business opportunities and pathways for engaging with the Indian market on the 9th of April 2025. Register here.
Moving on, below are the 5 fintechs you need to know this Friday 👇
Conceive, Create, and Commercialise
Lakeba is a global technology company that conceive, create, and commercialise innovative solutions across fintech, and AI, that helps transform digital technologies into successful businesses. Founded in 2013, Lakeba partners with industry leaders like Microsoft to deliver cutting-edge products and services, driving digital transformation. With a strong focus on innovation, Lakeba has gained recognition through global events, thought leadership, and prestigious awards, including the Financial Times' Asia Pacific High Growth Company award.
Built to drive leasing forward.
Karia is transforming the novated leasing industry by replacing outdated spreadsheets, legacy systems, and paperwork with a modern, all-in-one, fintech-powered platform. Karia simplifies fleet and leasing management through banking-as-a-service, automation, seamless origination, integrated fleet management, and intuitive stakeholder interfaces—empowering organisations to manage vehicle leasing with ease.
Founded in Melbourne in 2024, Karia was designed alongside leasing providers, HR professionals, and fleet managers to create a solution that feels tailor-made—because it is.
At Karia, it’s not just about building software—it’s about redefining an industry.
LAB combines innovative technology with comprehensive financial services experience to improve all aspects of client lifecycle management
LAB Group has partnered with Data Zoo to enhance its electronic identity verification (EIDV) platform, LAB Verify, by integrating Data Zoo’s global data sources and smart sequencing. This collaboration significantly improves pass rates—recovering 62% of failed verifications—by providing reliable fallback options during provider outages. The enhanced orchestration also supports compliance with APRA’s CPS 230, helping organizations manage downstream service provider risks.
LAB Verify now enables efficient multi-jurisdictional verification, including in the U.S., UK, Europe, Singapore, and more.
A recent use case includes onboarding Singaporean corporate investors. Founded in 2010, LAB Group offers digital onboarding and compliance solutions across global markets, with headquarters in Melbourne and offices in the UK, Europe, and Asia.
Empowering SMEs to grow with confidence and flexibility through smart growth capital.
Choco Up is a leading financing platform providing fast, flexible, and zero-equity working capital solutions to help businesses grow confidently. Leveraging a data-driven approach and smart analytics, Choco Up delivers tailored solutions for industries such as e-commerce, retail, SaaS, and service providers.
With operations across Australia, Malaysia, Singapore, and Hong Kong, Choco Up empowers asset-light businesses to scale sustainably. To advance their mission of helping 1 million businesses grow 10x, they launched a $50 million USD private credit fund in partnership with Wonder Capital Group recently and expanded their product suite to meet businesses' unique needs and support their growth ambitions.
Personal finance software for the Household CFO
New Zealand-based global fintech PocketSmith has published its first white paper on open banking, calling for the consumer’s voice to be central in Australia’s Consumer Data Right (CDR). The paper highlights key challenges — such as limited sector coverage, low public awareness, inconsistent data quality, and bank staff knowledge gaps — that must be addressed for CDR to succeed. Featuring real stories from nine PocketSmith users, it showcases how open banking is helping Household CFOs manage financial complexity. CEO Jason Leong says consumers are too often left out of the conversation. Read The Rise of the Household CFO here.
Five Fintechs on Friday is a fortnightly newsletter which highlights five different fintechs across Australia, delivered to over 6000 subscribers!
Want to see your company featured? Submit your details via this form to be considered for an upcoming edition.
