finder fintech roundup: H2 Ventures, Prospa, Macquarie, KPMG, Spotify, Shopify and Startupbootcamp
A groundbreaking report from KPMG calls for greater government alignment and Prospa turns to Silicon Valley for funding.
All the fintech news from the past week.
Meet H2 Ventures fourth generation of startups
The H2 Accelerator, the dedicated fintech, data and AI accelerator program from venture capital firm H2 Ventures, has turned out its latest seven graduates. Startups are given a spot at Stone & Chalk for the duration of the program, along with a $100,000 investment in return for a 10% equity share. Find out about each of the startups here.
Why did Prospa turn to a Silicon Valley-based lender for its latest funding round?
Fintech small business lending heavyweight Prospa has secured a $20 million debt facility from Partners For Growth, an innovative commercial lender based in Silicon Valley. We chat to Prospa CFO Ed Bigazzi about the reasoning behind the funding decision and Prospa's growth plans.
Macquarie unveils digital credit card rewards program
Macquarie Bank has launched its new digital credit card rewards program, allowing members to browse, redeem and receive digital eGift cards within the Macquarie app and website. Find out the full program launch details.
This app could change how businesses accept credit cards
US fintech startup xPressTap changes any near field communication (NFC) enabled smartphone into a virtual card reader, potentially transforming the way businesses accept payments.
KPMG: Lack of government alignment causing issues for fintech startups
A new report released by KPMG and the Committee for Sydney, Scaling the Fintech Opportunity: For Sydney and Australia, has called on the NSW and Commonwealth governments to be better aligned in order to fuel fintech growth. The report also highlighted Sydney as Australia's fintech capital, with 59.2% of startups being located within the harbour city.
Startupbootcamp is seeking smart energy startups
Melbourne-based startup program Startupbootcamp is seeking 10 startup energy companies for its startup accelerator program following a partnership with the Victorian Government and EnergyAustralia. Those looking to participate will present their ideas at a series of seminars around Australia, with the 10 startups chosen being incubated from January 2018.
Shopify launches new mobile credit card reader
E-commerce platform Shopify has released a new card reader to simplify how merchants accept credit and debit card sales. The new card reader was developed in-house, accepts both chip and swipe transactions and can handle 400 chip or 700 swipe transactions per day. Full details on the new reader here.
The finder fintech roundup is a summary of the news in fintech from the past week. Check back every Monday to catch up.