Australian Fintech and Startups
CBA also released their previously-annnounced BNPL product ‘StepPay’. Unfortunately I couldn’t use it because your salary must go into an everyday account (at the moment). Link
CBA went down for nearly 24 hours this week. Link
Stake is going to allow trading of Aus equities in addition to US ones. A+. Link
In store payments company, Zeller, is raised an additional $50m and is seeking a banking license. Link
Neobank ‘Hiver’ launched by Teacher’s Mutual is targeting essential workers. Link
A new app allows Millennials to buy bonds on the stock market. Link
Nice take on how the Australian Govt can better support Aussie fintechs. Link
Millennial finance app ‘Aircrex; rebranded to ‘Clever’. Link
Neobank ‘Up’ is now a data holder under the CDR. This makes 7 institutions now. Link
eftpos has launched their digital ID solution. Link
International Fintech
Open Banking platform, Tink, was acquired by VISA. Link
Afterpay is issuing virtual cards in the US. There’s two ways they monetise this: (a) interchange (b) affiliate marketing (instead of charging the merchant a % fee) Will we see this in Australia soon I wonder... Link
Google and Facebook continue to face (no pun intended) pressure from the US Government. Link
Potpourri
On BTC and currency bubbles. Link
Subscribe for next week 👇🏽
Jimmy’s Notes
So much going on this week - wow. Especially after two somewhat quiet weeks. Always love to see an uptick in the news cycle. Wish me luck re-learning how to make bread this weekend.
Extra Goodness
🎧 Fintech Connect Podcast by Basiq
The following previous viewpoints are mine and not those of my employer or my second cousin, twice removed.
Trivia
Clue: all answers begin with the same letter.
(a) In 301 AD, Armenia was the first country in the world to adopt what as it’s official state religion?
(b) The symbols for 6 chemical elements spell out his name, beginning with cobalt, phosphorus & erbium
(c) What are the four Cs to use while inspecting a diamond’s quality?
Trivia Answers
(a) Christianity
(b) Copernicus
(c) Cut, clarity, carat & colour