The International Bank of Australia could soon be the next challenger bank set to take on the traditional banking landscape with investors keen for a slice of the digital bank which is in the middle of a funding round, most recently raising at a pre-money valuation of $24.7 million. International Bank of Australia (IBoA) was
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While international people flow stagnated over the past two years in response to the pandemic. Opening of borders, though, has seen a big uplift of arrivals in Australia which is being reflected in demand for digital payments from Novatti Group (ASX: NOV) which reported a 105% increase in transaction values processed from its cross border
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This week marks the first week of university orientation in major universities across Australia. Among these new students experiencing first day jitters and excitement are more than 40,000 Chinese students who have touched down on Australian soil. Observing opportunities to facilitate and simplify the way these students contribute to the Australian economy, digital payments specialist
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The International Bank of Australia has taken its first steps to becoming a household name, having been granted a restricted banking licence. This segment has been ignored within Australia’s banking sector yet contributes more than $100 billion per annum to the Australian economy. Securing the RADI (Restricted Authorised Deposit-taking Institution) has been a three-year process
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“Again? Oh my bank is killing me! How high can these interest rates go up?”, said many frustrated Aussies who had to scrap their dreams of paying off their mortgages. As interest rates keep going up and the budget is getting tight, they are forced to find alternative avenues to reduce household expenses. This is
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Fresh from reporting a bumper June quarter result which rounded out their FY22 with a 97% increase in revenue to $32.5 million, digital payments company Novatti Group (ASX: NOV) may have something even bigger brewing having just secured $10.5m in funding by leveraging their assets to issue a bond. While other listed companies tend to
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