Tagged: new zealand

BNPL Fintech Laybuy Reports 200% Growth in Active Customers, $32.6M in Total Group Income, Up 137% YoY

Gary Rohloff, Co-Founder and Managing Director at New Zealand’s Laybuy, a Buy Now, Pay Later or BNPL Fintech, notes that last week, they released their FY21 annual report – which is the first since listing on the Australia Stock Exchange (ASX) in 2020. Gary writes… Read More

New Zealand BNPL Fintech Laybuy Introduces All-Digital Buy Now Pay Later Card in the UK

New Zealand based Buy Now, Pay Later Fintech firm Laybuy is introducing its all-digital BNPL card in the United Kingdom, allowing clients to carry out in-store purchases with just a tap of their smartphones. Clients will be able to load the payment card into their… Read More

New Zealand’s BNPL Fintech Laybuy to Further Expand UK Operations After Securing A$35M

New Zealand’s Buy Now, Pay Later (BNPL) Fintech Laybuy has acquired A$35m in capital in order to expand business operations into the UK markets. Laybuy‘s latest investment round has come as part of a private placement and will be used to make additional investments into… Read More

Marqeta Joins Forces With Afterpay For In-store Digital Card Offering in Australia & New Zealand

  Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, announced on Thursday it has teamed up with Afterpay for in-store digital card offering in both Australia and New Zealand. The duo has also partnered in the U.S and Canadian markets According to Marqeta,… Read More

New Zealand: Snowball Effect to Offer Investors Access to OurCrowd’s OC50 Fund

Investment crowdfunding platform Snowball Effect will offer platform investors access to OurCrowd’s OC50 Series IV Fund. Snowball Effect has partnered with OurCrowd to give investors in New Zealand a simple way to get access and exposure to global investment opportunities. OurCrowd is one of the… Read More

Blockchain Powered Real Estate Crowdfunding Platform Max Crowdfund Announces Expansion to New Zealand

Max Crowdfund, a blockchain-powered real estate crowdfunding platform, announced on Thursday it has expanded its services to New Zealand. The platform will launch in the country under Max Crowdfund NZ Agency Limited.  Max Crowdfund reported that the launch in New Zealand will allow investors to… Read More

Harmoney Update: Exceeds Loan Origination Prospectus Forecasts For Six Months to December 2020; New Zealand Loan Origination Increased by 44% to NZ$89 Million

Australasia’s peer-to-peer lending marketplace Harmoney announced this week it has exceeded its loan origination forecasts for the six months to 31 December 2020 (on an unaudited basis), delivering total loan originations of NZ$194m for the period, 2% ahead of Prospectus forecasts. The marketplace also revealed… Read More

Equitise Reports 2020 Funding Results

Equitise, one of the first platforms to receive an Australian retail crowdfunding license back in 2018, has shared some data platforms for platform performance for 2020.  As we all know, 2020 was a challenging year as COVID impacted all industries to varying degrees. But like… Read More

New Zealand-Based Medicinal Cannabis Company Phytotecnia raises over $300,000 Days After Launching Crowdfunding Campaign on PledgeMe

Phytotecnia, a New Zealnd-based medicinal cannabis company, launched its equity crowdfunding campaign publicly through PledgeMe on Monday. The investment raised more than $300,000 privately days prior to the launch.  Founded in 2019, Phytotecnia was created by Irene López-Ubiria and Álvaro Vidiella-Salaberry, who were also part… Read More

COVID-19 Vaccine Firm Raises Over NZ $1.5 Million in One Hour on PledgeMe

PledgeMe is reporting that over NZ $1.5 million was raised for Covid-19 Vaccine Corporation Limited (CVC) in less than an hour of the securities offering being live on the platform. It appears that the investment was filled from a single individual, according to the offering… Read More

New Zealand’s Financial Markets Authority Hires Specialists for Fintech and Environmental, Social, Corporate Governance Projects

New Zealand’s Financial Markets Authority (FMA) has hired two specialists who are focused on helping the regulator with managing and overseeing Fintech and environmental, social and corporate governance (ESG) projects. Binu Paul, a Fintech entrepreneur, will be serving as Specialist Lead, Fintech. He’ll be reporting… Read More

Following Series A Funding Success, U.S. Fintech Payrix Announces Australia & New Zealand Expansion; Completes Acquisition of

U.S. fintech Payrix announced on Wednesday it is set to expand its services in Australia and New Zealand, as well as completed its acquisition of Brisbane-based payment service provider, IntegraPay. The expansion efforts come just days after Payrix announced it secured $50 million through its… Read More

Aussie Fintech Credit Clear Reportedly Asked Investors to Value it 6x its Historical Revenue for its Planned IPO

Australia-based Fintech firm Credit Clear has reportedly asked investors to value it at around 6x its historical revenue for its planned or upcoming initial public offering (IPO). Bell Potter, the firm’s broker, shared the new terms with clients on August 25, 2020. As first reported… Read More

Australian Stock Exchange listed Fintech 9Spokes Reportedly Seeking $10 Million to Grow Customer Base for its Software as a Service Platform

Australian Stock Exchange (ASX) listed Fintech firm 9Spokes International (ASX:9SP) is reportedly planning to secure new investments. 9Spokes aims to use the funds to grow its customer base,  by providing various software-as-a-service (SaaS) solutions.. The Fintech company announced its fundraising plans on August 26, 2020…. Read More

Medical Kiwi, a Medical Cannabis Startup, Raises $400,000 First Day on PledgeMe

Medical Kiwi, a medical Cannabis firm, quickly raised almost NZ $400,000 on its first day on New Zealand investment crowdfunding platform PledgeMe. According to the offering page, Medical Kiwi has raised just shy of $400,000 from 176 individual investors. The offering is seeking a minimum… Read More

New Zealand’s Fintech Sector is Well Placed to Support Consumers with Managing their Finances, Industry Professional Claims

James Fuller, CEO and co-founder at Hnry, a New Zealand based online freelance accountancy company, claims that his firm has seen a significant increase in the number of new customers following the COVID-19 outbreak. In an interview with Channel Life, Fuller notes that since the… Read More

New Zealand: PledgeMe Reports First Dividends Paid from Crowdfunded Issuer

PledgeMe, an investment crowdfunding platform operating in New Zealand, is reporting the first dividends paid from a crowdfunded securities offer. According to PledgeMe, Wellington-based payroll intermediary company, Thankyou Payroll, announced their first dividend payment at their AGM last night. “We understand that we’re not only… Read More

Brave New Coin to Develop Cryptocurrency Indices that Toronto Futures Options Swaps Exchange will Use for Cash-Settled Options Trading

Brave New Coin, a crypto-asset trading, research, and data firm, has agreed to a multi-year partnership with Toronto Futures Options Swaps Exchange or tFOSE, a derivatives exchange and clearinghouse that’s in the process of obtaining regulatory approval in Canada. Brave New Coin will be designing,… Read More

Netherlands’ Digital Banking Solution Provider Backbase to Establish New Offices in Melbourne and Sydney

Virtual banking service provider Backbase is planning to establish two new offices in order to meet growing demand for its products in Australia, where digital banking platforms are expected to expand rapidly in the coming years. Backbase will be offering greater proximity and expertise in… Read More

New Zealand’s Fintech Zeeco Partners with Salt Edge, an Open Banking Solution Provider, to Access Users’ Bank Data and Automate Eco-contributions

New Zealand-based Fintech firm Zeeco has partnered with Salt Edge, a company that provides Open Banking solutions, in order to access users’ financial data and automate certain eco-contributions. As mentioned in a blog post published on Salt Edge’s official website: “With [rising] awareness [about] the… Read More

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