Featured IT News

Bingo Industries pleads guilty to alleged demolition waste cartel: ACCC

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NT Acacia health system goes live at Katherine Hospital

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Checkmarx launches managed security service provider program

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‘Smart Bin’ tech among CSIRO’s latest recycling innovations

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Forescout appoints Nextgen sole Australia, NZ distributor

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Cisco pledge to fix all bugs revealed by sec firm Rapid7

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Aspen Medical implements Oracle Cloud apps

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Myths spread about news media bargaining code before review lands

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Federal Court fines Google $60m for collecting data on the sly

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Watch: Guardians of Samsung's Flagship Galaxy can Flip, Fold and be best Buds 4 ever, with the crease decreased!

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NBN Co releases revised SAU variation discussion paper

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Digital tool helping cancer survivors cope with fear of recurrence

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Breaking IT News

Azul appoints Vaughan as APAC VP

16 August 2022 in People Moves

Java specialist Azul has appointed Dean Vaughan to the role of Asia Pacific vice president.

ATech appoints chair, operations manager, community manager and senior developer

16 August 2022 in People Moves

Brisbane-based cloud hosting and web development company ATech has appointed Gary Linton to the newly created role of non-executive chair,…

Canva introduces new way to brainstorm with Canva Whiteboards

16 August 2022 in Business IT

Visual communications platform Canva launched Canva Whiteboards, a new way to organise ideas and bring them to life.

Oracle NetSuite introduces referral program

16 August 2022 in Business Software

Oracle NetSuite's SuiteReferral program rewards businesses that invite others to use the NetSuite business software.

HyperX signs DJ Zedd as global brand ambassador

16 August 2022 in Entertainment

The international producer Zedd will collaborate with HyperX, the gaming peripherals team at HP Inc., and brand leader in gaming…

On the shoulders of the Honeywell giant

16 August 2022 in Development

Necessity is the mother of invention, and a popular invention generally sees many claiming parenthood. Indeed, many companies claim that…

Network security sales estimated to exceed $210 billion in the next five years: Dell’Oro Group

16 August 2022 in Business IT

Demand for network security—email security, firewall, security service edge, secure web gateway, and web application firewall technologies—is expected to remain…

Optus launches 5G Standalone

16 August 2022 in 5G

Telecommunications company Optus has launched its 5G Standalone network after close to year of testing including customer trials, offering network…

Snapchat+ adds four new features for subscribers

16 August 2022 in Entertainment

The Snapchat+ subscription service now has over a million paying subscribers globally, and from today features another four new exclusive…

BT snags $54.5 million contract with Sellafield

16 August 2022 in Business Telecoms

British telecommunications company BT has secured a £32 million five-year ($54.5 million) network services contract with nuclear site operator Sellafield.

Total telecom and pay-TV services revenue booms to $30.7 billion by 2026: forecast

16 August 2022 in Business Telecoms

Total telecom and pay-TV services revenue in Australia is expected to grow at a CAGR of 1.6% from US$20.2 billion…

Life is better with a soundtrack and Bose says you can have portability and audio quality together

15 August 2022 in Computers & peripherals

The king of home audio shows it's the king of portable audio also, with these lightweight, weatherproof, smart, highly-connected offerings.

 

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Wednesday, 29 April 2020 09:30

Moneytree raises $45 million in funding round Featured

By
Paul Chapman, Moneytree CEO Paul Chapman, Moneytree CEO

Mobile banking and financial services app Moneytree has closed a Series C funding round with an issuance of new shares through third-party allotment including funds of Fidelity International, to bring total funding to $45 million since the company’s founding in 2012.

Moneytree, the parent company of Australian open banking vendor Financial Technology, says it will use the funds to further expand its open banking data platform, Moneytree LINK, in Japan as well as in Australia where it has been operating since 2017.

The Series C round follows strategic investment by Mitsubishi UFJ Innovation Partners, Sony Financial Ventures and NTT Data in March last year.

Chief executive and founder of Moneytree Paul Chapman said, “Our mission is to bring people, businesses and institutions closer together to help everybody be better off”.  

“Moneytree LINK, our financial data platform for individuals and businesses, was created with security, privacy, and transparency at its core and gives individuals full control of how, where and with whom their personal financial data is shared. 

“We now have 4.5 million platform users and over 60 enterprise partners, and with the implementation of the Consumer Data Right and Open Banking in Australia this year, we foresee a significant expansion of our business.”

As reported by iTWire, in September last year Moneytree launched Moneytree Grow, a paid service to designed to help users better manage their daily expenses and finances.

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