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Lending

Fintech lender Jacaranda Finance has teamed with payments provider Monoova to roll out automation across its payments.

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A researcher has cautioned fintechs such as UK-based Monzo Bank could face the same fate as Xinja if they don't make their businesses sustainable. 

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The neobank has transferred its remaining $65,809 worth in deposits to NAB after it declared its exit from the industry.

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Crowd Bank, a Japanese crowdfunding platform, has entered into the Australian market after becoming an investor in marketplace lender Zagga.

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Irish SME finance platform Swoop has entered the Australian market, having appointed a new chief to lead the local venture.

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