VC firm Reinventure Group has closed its third $50 million fund, with Westpac once more backing the firm as it looks to expand its focus to Asia-Pacific.
Westpac has partnered with Melbourne fintech company Assembly Payments to launch Presto, a payments solution for small businesses, to its business customers.
Fintech company Uno Home Loans has announced the raising of $25 million in funding from strategic backer Westpac, and kicked off the search for a new CEO.
Westpac-backed venture capital firm Reinventure has backed property investment platform BrickX, as part of the startup’s yet-to-close Series A round.
Commonwealth Bank, Westpac, and National Australia Bank are launching a payments app to enable instant payments for consumers and businesses.
Westpac is set to launch PayWear, its own wearable offering allowing customers to make tap and go payments on contactless-enabled terminals.
ANZ has announced the appointment of Opher Yom-Tov, former general manager of global design consulting firm IDEO, as the bank’s first Chief Design Officer.
Stone & Chalk has partnered with Westpac and Data Republic to establish FUELD, a new accelerator program supporting data startups.
Flare HR has announced the close of a $7.2 million funding round led by Reinventure Group, which will be used to build out Flare’s HR solution
Hyper Anna has raised $16 million in a Series A round led by Sequoia China, with participation from existing backers Airtree Ventures and Reinventure.
Westpac has invested $40 million into ASX-listed zipMoney through a private share placement for a 17.11 percent stake in the company, with a further $8 million to be invested subject to performance.
Today we explore innovation within the Australian banking and financial services industry as Gina sits down with Cathy Kovacs from the Westpac Group.
ANZ and Westpac have joined up with IBM and Scentre Group to digitise the bank guarantee process for commercial property leasing, using blockchain.
Sydney-based open banking startup Basiq has secured seed investment from NAB Ventures and Westpac’s VC fund Reinventure Group.