Lending

Global wealth manager Skybound Capital has secured the majority stake of Western Australia fintech Fair Go Finance, investing $20 million into the digital loan provider.

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Morningstar has low hopes for new banks like Volt, Xinja, 86 400 and Judo, which it says are at high risk of taking on low-quality debt in the pursuit of growth.

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Australian fintech property start-up Brickfloor has revealed a service targeting Australians nervous about selling their home in unpredictable market conditions.

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Bank of Queensland has signed on to transfer its existing debtor finance business to supply chain finance specialist Octet, with the fintech to assume responsibility for all of BOQ’s debtor’s finance clients.

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Global fintech Ebury has experienced a period of nationwide growth and has opened a new office in Melbourne as a result.

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