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Australians continue seeking alternative to banks as Wisr loans surge 36% in Q2
With scandals having rocked the banking sector over the past 12 months, Australia’s first neo-lender Wisr (ASX: WZR) has seen major growth in its loan growth, reporting an increase of $31.6 million in loan origination, an increase of 36% compared to the previous quarter and bringing total loan origination to $163.8m. The milestone continues a
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Novatti secures $18m investment in preparation for digital banking service
Undergoing a second investment round in preparation for the launch of their digital banking business, Australian fintech company Novatti Group (ASX: NOV) has secured further cornerstone investors committing $18m which will enable the Group to meet capital requirements for the granting of a banking license. The investors comprise Hong Kong-based Fortune Fund Investment (Asia) Limited
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9 Spokes penetrates U.S market via Bank of America partnership
Following several months of negotiations, New Zealand Fintech company 9 Spokes (ASX: 9SP) has revealed the Tier 1 banking partner they have been working with as Bank of America. With the announcement came confirmation of a 3-year partnership between the New Zealand firm and the global banking giant to white-label 9 Spokes’ small business data
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