Amid the rapid shift towards a cashless economy, fintech company Novatti Group (ASX: NOV) has been selected by global payments company Marqeta to be their domestic partner for the launch of a new prepaid cards business in Australia. The deal partners Novatti to Marqeta’s growing list of consumer brands including Square, Uber, Affirm, Instacart, DoorDash,
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Australian credit consumers appear to be returning to financial normality based on fintech company Wisr (ASX: WZR) confirming their loan and repayment figures have returned to pre-coronavirus levels, and are rising rapidly. The Company has reported 48% growth in their loan originations for the month of May, as Australians seek more competitive interest rates and
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As part of their corporate refresh strategy, financial services support company Centrepoint Alliance (ASX: CAF) has significantly increased its service offering to clients via the acquisition of Enzumo, its clients and recurring revenue. The acquisition of Enzumo for $1.5m from Chant West Holdings (ASX: CWL) will accelerate Centrepoint’s new financial model whilst enhancing their technology
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Fintech micro-investment firm Raiz Invest (ASX: RZI) is set to launch a new investment portfolio for customers and users of the Raiz app to invest loose change in Bitcoin, offering investors with exposure to cryptocurrency. The new portfolio, to be named Sapphire, has been specifically developed to meet demand from clientele who have continually expressed
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Australian fintech company Novatti Group (ASX: NOV) has reported a 67% rise in revenues from their payments processing business, a record for the company which has seen heightened activity amidst coronavirus lockdowns as businesses turn to digital payment solutions. For the quarter ending 31 March 2020, Novatti’s $1.72 million (unaudited) in payment processing revenue represented
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As coronavirus fears continue to grip the global economy, send markets deep into the red and see a global shutdown of mass gatherings, technology will play a vital role in keeping the world interconnected, whilst in isolation. Panic buying has sent demand for healthcare products rocketing, leading to strong gains from medical product manufacturers but
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