Friday, October 7, 2022

Salter Brothers leads $6.5 million capital raise for Verrency fintech

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Melbourne-based fund manager Salter Brothers has led a capital raise of $6.5 million for global payments innovation platform Verrency, partnering with Perennial Value Management to provide expansion capital to the rapidly growing fintech in a sector with huge growth potential.

Laybuy launches virtual card with app to help shoppers get more brands

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Leading Buy Now, Pay Later Provider Laybuy says its Virtual Card, which launched today, will make it easier for shoppers to get their hands on even more of their favourite brands.

FinTech startup Shouta secures $1m seed funding to revolutionise gifting

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Sydney-based fintech startup Shouta has announced the closure of its seed funding round having secured $1m in funding from a range of notable investors.

Why is Gold such a precious metal and a valuable market commodity?

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Gold plays a unique role in the financial systems of cultures worldwide. Unlike other precious metals like silver, platinum, and palladium, gold has value far beyond its industrial use.

CBA puts millions back in SMBs’ pockets with lower merchant fees

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Commonwealth Bank is making payments simpler for SMBs by announcing new competitive flat rates for all in-store and online payment transactions for eligible merchant customers.

70% of Aussies work for free as pandemic unpaid overtime soared

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The average Australian worker is putting in almost an extra day’s work every week without corresponding payment. This is according to new data from global payroll leader ADP.

SiteMinder welcomes Fidelity in pre-IPO funding round of over $100m

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SiteMinder, a leading open hotel commerce platform has announced a pre-IPO funding round of over AU$100 million which is comprising both primary and secondary capital.

PersonallyPicked reveals a 200% increase in Just Because gifting

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PersonallyPicked has seen exponential growth as demand continues to grow for unique gift options, with an 80% increase in gifting during the current NSW and VIC lockdown period.

TOMORROW Super to launch first digital managed account platform

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With a $5m pre-IPO funding round, TOMORROW will deliver a low cost, hassle free, transparent and financial advisor friendly solution to customers looking to take control of their wealth.

Airwallex raises $200m Series E funding led by Lone Pine Capital

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Airwallex, a global fintech platforms has announced that it raised US$200 million in an oversubscribed Series E financing round, increasing the company’s valuation to US$4 billion.