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Payments

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Australian cross-border payments company Airwallex has completed a US$13 million series A funding round, one of the largest ever conducted by an Australian start-up.

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Financial messaging service provider Swift has launched a proof-of-concept in conjunction with a number of banks to test the application of blockchain technology in reconciling accounts held in foreign banks.

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Tim Stewart

Melbourne-based fintech start-up Gobbill has received backing from Microsoft and the federal government’s Stay Smart Online initiative.

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Australian payment provider Tyro Payments has announced co-founder and head of sales Andrew Rothwell will leave the business to pursue a new opportunity in the fintech space.

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Heritage Bank has launched a customer trial of a new wearable payment device that links directly to users’ transaction accounts.

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