With more than 500,000 migrants arriving in Australia annually, most on student and working visas quickly find that housing becomes their largest expense while trying to integrate into a new culture. It’s why so many get slugged by exorbitant foreign exchange and admin fees when trying to navigate Australia’s banking system, and also why Rent.com.au
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Personal finance and debt consolidation company Wisr (ASX: WZR) has substantially opened its growth opportunities through a strategic investment in European fintech platform Arbor which will include IP sharing between the two companies. The investment of $400k cash via a convertible loan structure will give Wisr an opportunity to secure up to 45% of Arbor
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Australian payments technology innovator Novatti (ASX: NOV) has secured a significant backing with Australian Fintech Investment Group (AFIG) to invest $1.1m in Novatti’s ambitious disruption plans which will initially target new migrants. The investment will be made directly into Novatti B Holding Company (NBHC) which will be the subsidiary managing the company’s banking services unit,
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