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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Just six months after undertaking a leadership transition to install a leading digital payment executive Mark Healy at the helm of Novatti Group (ASX: NOV), the Melbourne-based fintech has a clear line of sight to positive cash flow having undertaken an internal restructure. Novatti has strategically positioned itself to achieve its ambitious cash flow positive
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Rising interest in blockchain-based digital finance has seen AUDD close its pre-seed funding round at $600k as investors sought to increase their early stage-investment in the business. In the two years since its inception, the AUDD multichain stablecoin has rapidly gained traction in the market, exceeding more than $25 million in payments volume, within just
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Australia is accelerating towards becoming a cashless society. The Reserve Bank of Australia (RBA), national banks and financial experts have collectively foreshadowed that the country will be rid of cash in the next couple of years. However, this transition demands the preparedness of a robust digital payments infrastructure which is just one reason investors are
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As blockchain technology continues to disrupt traditional financial institutions, digital payments company Novatti Group (ASX: NOV) has secured a range of new investors keen for a slice of their AUDD stablecoin business which has minted more than $4 million since launching. AUDD is a 1:1 fiat-backed stablecoin that enables businesses, people and governments to make
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Digital payments company Novatti Group (ASX: NOV) will save $4 million over the next four years having cleared their balance sheet of debt and corresponding interest payments after selling their stake in business software company Reckon (ASX: RKN) in favourable circumstances. As shareholders of Reckon, Novatti has earned $15.2 million in cash dividends since acquiring
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