Australian Fintech and Startups
Money by Afterpay officially launched in Beta (employees only). Money is a new product that is forged between Westpac, 10x (banking-as-a-service) and Afterpay. It’s an account with savings, personal finance management features and loyalty - all wrapped in swanky UX. Full release expected in October. Link
Zip announced a global rebrand (big vibe). Link
…and their Q4 results are impressive - 7m global customers and two strategic partnerships with payment behemoths Adyen and Stripe. Link
ANZi rebranded to 1835i, moving their ventures arm outside of the Bank. This will allow them to move quicker. Link
Fintech Startup ‘OwnHome’ raised a record $3.6m seed funding. OwnHome is a brilliant concept to assist on the path to home ownership. Full write up is coming next week 👀 Link
CBA’s platform model is alive and well, adding telco deals & discounts to its app. It feels like a move to pre-empt the CDR’s extensibility into telco and utilities. Link
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Big Tech
Square launched their small business banking tool. Link
Potpourri
Interesting paper on the risks of DeFi. Link
Bezos went to space, power moving Branson by going further. Link
Jimmy’s Notes
See that love heart on the newsletter? Feel free to whack that to show some love. Hope everyone’s riding out the lockdown!
🎧 Fintech Connect by Basiq Podcast - recent podcast is on everything Banking as a Service, the UK’s Open Banking challenges and the Money by Afterpay-10x-Westpac partnership.🔥
The newsletter above represents my views only, and are not representative of my employer
Trivia
(a) I’m going to ask you five questions, but I’m not really interested in the individual answers. What I want is the connection between the answers. nb: There may be more than one correct answer, but there is one specific answer we are going for. (The answer is not a letter they share)
1) What term to describe an evergreen tree with a crown of long feathered or fan shaped leaves, found in regions like LA or Australia?
2) 50% can also be expressed as one…
3) What is the emotion when you aren’t feeling nervousness, anger or other strong emotions?
4) What fish is often enjoyed smoked?
5) What is a baby cow called?
Dry July
(b) What % of the world’s deserts are covered in sand?
(c) In which continents would you find the following deserts?
i. The Kalahari Desert
ii. The Atacama Desert
iii. Chihuahuan Desert
iv. The Gobi
v. Tabernas
Trivia Answers
(a) Palm, half, calm, salmon, calf - Silent ‘L’ in all the words
(b) 20%
(c) Africa, South America, North America, Asia, Europe