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BNPL giant to be bought in record-breaking deal

Australian buy now, pay later giant Afterpay is set to be acquired by a San Francisco payments fintech, in a deal worth approximately $39 billion.

BNPL giant to be bought in record-breaking deal
WLTH to launch $15m raise, flags expansion

Brisbane digital non-bank lender WLTH is set to open a $15-million capital raise, while signalling plans to drive its next scale-up phase and to support an ocean-cleaning initiative.

WLTH to launch $15m raise, flags expansion
Tic:Toc strikes funding deal with Bendigo Bank

Fintech lender Tic:Toc has secured $25 billion of additional funding for the next seven years, after extending a partnership with Bendigo and Adelaide Bank.

Tic:Toc strikes funding deal with Bendigo Bank
Afterpay to roll out banking app

The BNPL service provider is going to enter the banking space with the launch of savings accounts and its Money app in October 2021.

Afterpay to roll out banking app
Frollo partners with P&N

The fintech has teamed with customer-owned banking group Police & Nurses.

Frollo partners with P&N
Westpac NZ teams with BNPL player

A Westpac New Zealand subsidiary has entered a joint venture agreement with buy now, pay later provider humm group.

Westpac NZ teams with BNPL player
ANZ retail, commercial CIO to depart

The chief information officer for retail and commercial at ANZ will leave the bank, for an executive role at Link Group.

ANZ retail, commercial CIO to depart
Westpac admits to dumping fintech customers

The big four banks have explained why they may choose to debank businesses, while Westpac has confessed to cutting off banking services to around eight fintechs.

Westpac admits to dumping fintech customers
Former Westpac CEO to chair BNPL start-up

Ex-Westpac boss Brian Hartzer has become chair at buy now, pay later vendor Beforepay.

Former Westpac CEO to chair BNPL start-up
Volt acquires Australian Mortgage

Volt Bank has acquired fintech mortgage manager Australian Mortgage – formerly known as Australian Mortgage Marketplace – as it looks to roll out its digital mortgage offering.

Volt acquires Australian Mortgage
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