Forex fintech Airwallex secures US$3m from Alibaba’s VC firm
Fintech startup Airwallex has strengthened its Melbourne and Chinese development teams and accelerated R&D of its international payments platform following a US$3 million pre-Series A investment round led by Shanghai-based VC Gobi Partners. Gravity VC as well as angel investors Huashan Capital One and Billy Tam (CEO of Easylink Payments, the company behind Chinese payment powerhouse PAYECO) also participated in the fundraising. Currently in beta trial stage, the Airwallex platform is powered by a peer-to-peer algorithmic engine that enables businesses to issue and pay invoices in their preferred currency at the mid-market foreign exchange rate, avoiding inflated bank margins and minimising currency fluctuation risks. Airwallex Co-Founder and […]
Significant growth in the UAE / Australian Trade landscape provides new opportunities for Australian FinTechs
With the launch of Dubai Chambers International Office in Australia in 2023, there are exciting opportunities for FinTechs in Australia and the UAE.
New research reveals 67% of Australian travel companies see their profit margins eroded by inefficient payment systems
New research has revealed that 67% of Australian travel companies are seeing their profit margins impacted by outdated or complicated payment systems.
Avenue Bank showcases the best of fintech at the 11th Annual FinTech Summit
The Annual FinTech Summit for 2024, now in it’s eleventh year, was yet again another hugely successful event, hosted by Glen Frost.
Mastercard partner with FD Global Connections to accelerate governance and risk management capabilities amongst Australian fintechs
Mastercard is supporting Australia’s fintech industry with a new program, launched in collaboration with FD Global Connections, to help local innovators strengthen their governance and risk management practices.
Australian FinTech company profile #168 – PayNuts
PayNuts is an Australia and New Zealand payments service provider for small and medium businesses, offering EFTPOS and eCommerce solutions.
National online spending drops despite pockets of growth
Australians are spending on average nearly $600 less online than they were a year ago, according to Airwallex.
