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FrankieOne, a Melbourne-based startup that provides an API platform for identity verification and fraud detection, said it has added $23 million AUD (about $15.4 million USD) in a Series A+, taking its Series A’s total to $45 million AUD (about $30 million USD). FrankieOne says this is the largest amount of VC funding raised by an Australian regtech so far. ....
Fraud continues to be a major issue in the world of digital transactions, a situation that research shows was only compounded in the last 20 months of online activity growing as a result of COVID-19. Today, a Melboune startup called FrankieOne that has built an automated platform to help combat that is announcing a Series […] ....
AlleyWatch Search The 10 Australian Fintech Startups That You Need to Know About That Will Hit the Virtual Stage at Demo Day Next Month There are over 800 Fintech companies in Australia tackling the challenges of the $196B domestic financial services industry. Australia has the 8 th largest pool of managed funds in the world and its major four banks consistently rank amongst the world’s most profitable. The wealthy island nation is a fertile ground for innovation from within, with the nation’s populace serving as an engaged group of early technology adopters, which has led to great success for Fintech, Regtech, Insurtech, and Big Data startups. Recognizing the importance of innovation in the sector, the government has prioritized fintech, investing in open banking and digital identity technology and supports an agile regulatory environment. This burgeoning Fintech ecosystem is now ready to showcase some of the leading Fintech innovators in Australia to t ....