Thursday, August 11, 2022
The AI-powered startup fighting to ease financial burdens of SMEs

The AI-powered startup fighting to ease financial burdens of SMEs

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The vision for DebtForce is to make the debt recovery journey easy to navigate, and accessible to businesses of all sizes; managing claims starting at $500 up to $100,000.

New research reveals 2 in 3 Aussies would give more to charities that track...

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The unique platform partners with charities, solving a common pain point around distributing and managing expenses and donor funds, allowing them to continue effectively delivering services to those in need.

R&D firm BourkeHood hits 7 figures in 18 months after maximising success

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Within the first 18 months of operation, Aussie Research and Development (R&D) consultancy BourkeHood has helped more than 180 international clients claim over $30M in R&D funding.

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.

Cryptocurrency investors should know the risk spectrum of alternatives

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Just under four centuries later, four million Australians say that they are planning to invest in digital currencies in the next twelve months. And one in four Australians believes that cryptocurrencies are a good alternative to having an investment property.

Fusion bolsters APAC underwriting team with new senior appointments

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Fusion, a speciality insurer providing innovative insurance solutions to small and medium-sized businesses, today announced the appointments of three senior executives, Danielle Eliatamby, Lillian Chau, and Sabrina Chia as Associate Directors in Mergers and Acquisitions (M&A) Underwriting. Based out of Sydney, Hong Kong and Singapore, the senior executives carry a wealth of expertise and experience in the M&A legal sector. In their roles, they will lead the underwriting of M&A deals across the Asia Pacific region and facilitate the issuance of policies to buyers or sellers across a broad range of industries.

Alpha Fintech announces the launch of Fi911’s SaaS dispute processing

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Fi911, the dispute specialists and sister brand of Chargebacks911, and Alpha Fintech, a fintech pioneer aiming to evolve and simplify payments, announced their partnership. APAC regional acquirers and PSPs will be able to leverage the unrivaled Fi911 SaaS dispute management platform, delivering turnkey intelligent automation and end-to-end processing. Global-branded cards issued in the Asia-Pacific region are expected to generate more than 288 billion purchase transactions in 2025, compared to 196 billion in 2020. However, with rapid growth comes new fraud threats. The new partnership will enable Alpha Fintech to extend a fully managed software service, delivering much needed scale and scope.

GPS appoints industry veteran Simon Stanford as its CRO amidst expansion

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Global Processing Services (GPS), a payment technology platform, has announced the hire of Simon Stanford as CRO. Based in London, Stanford sits on GPS’ global executive committee and leads the company’s global commercial, partnerships and customer relationship management, and marketing teams with a focus on developing GPS’ global partnerships ecosystem, marketing and brand strategy, and driving revenue growth worldwide.

Fintech Unicorns grew by 330% in numbers in the last 18 months

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The number of startups, qualifying as Unicorns (valued at over $1 billion USD) has grown significantly in the last year and a half. The exact percentage of Unicorn growth in numbers since 01/01/2021 comes to 162% with 707 new unicorns emerging in that period. Up until the end of 2020, the total headcount of the mythical herd was just 436.

Improved access to financial planning benefits low income class, finds study

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The high cost of financial planning services in Australia is preventing lower socio-economic groups from accessing advice that could greatly improve their financial security – particularly in retirement according to a new University of South Australia (UniSA) research shows.