Fintech in Australia - Weekly Summary 5/3/2023

March 5, 2023

All the headlines for the week to keep one eye on the happenings of Fintech in Australia 👇

• Melbourne based Small business admin platform Thriday partnered 🔗 with Visa to allows small businesses to take advantage of automated banking, accounting, & tax features. 🗂️

• Gold Coast based Nimble Australia Pty Ltd acquired education 🎓focused lender ZeeFi to add to their existing loan book 📕

• Employment Hero launched “Swag” where streamlined work, rewarding careers, flexible pay & exclusive benefits are rolled in to one app 📲

• Joseph Healy and David Hornery , co founders of Judo Bank released their book "Black Belt" 🥋

• Wisr announced their 1H results 📣 - New loan originations of $302M, Revenue of $43.2M, Q2FY23 delivered profitability with Cash EBTDA of $0.5M along with positive operating cash flow of $1.5M

• ASX listed Tyro Payments released their 1H results:Transactional Value: $21.693b 🍔 , Revenue: $220.6m 💳, EBITDA: $19.5m 🗂️, Net Profit: $1.1m

• Westpac launched Tap to Pay on EFTPOS Air 🙌 - a mobile app📲 for Android which allows any sole trader, single director company or association with a Westpac business transaction to accept payments. 👾

• Raiz Invest announced their 1H report : - 676k active customers 🎮, - Australian 🇦🇺 business continues to be operating cash flow positive in December quarter - $9.3m revenue, $2.4m ebitda loss