Latest Financial Technology News

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Klevo Group has reported a sharp FY2026 turnaround, with revenue up 324%, positive operating cash flow and cash rising to A$4.32 million. The more striking claim is its KLVR stablecoin platform, which has recorded USD 59.2 million in unaudited revenue since trial commencement ahead of a planned commercial rollout.
Victor Sage
Victor Sage
1 Oct 2026
Klevo Group has cut its FY2026 loss by more than three-quarters, turned operating cash flow positive and lifted cash to A$4.32 million. The ASX-listed fintech is now reporting USD 59.2 million of unaudited revenue from its post-year-end stablecoin rollout, although the figure remains difficult to reconcile with the earlier trial disclosure.
Victor Sage
Victor Sage
30 Sept 2026
Novatti has reported a statutory profit and positive EBITDA for FY26 after cutting low-margin revenue and concentrating on Payments AU/NZ. The turnaround is substantial, but an auditor-flagged going-concern uncertainty, upcoming debt maturities and negative operating cash flow leave the recovery unfinished.
Victor Sage
Victor Sage
30 Sept 2026
Identitii’s BNDRY platform gained customers and recurring revenue in FY26, but the company ended the year with just $107,483 in cash, negative net assets and a material uncertainty over its ability to continue as a going concern. A subsequent convertible note facility provides a committed $5 million, while access to a further $15 million remains conditional.
Victor Sage
Victor Sage
30 Sept 2026
PaySauce has moved its Global Payroll Platform from development into commercial operation in Australia, while first-quarter FY27 ARR rose 8% to $9.5 million. The expansion is supported by a stronger cash position, but higher customer acquisition costs and lower profitability leave execution firmly in focus.
Victor Sage
Victor Sage
24 Sept 2026
Ovanti’s Malaysian subsidiary iSentric has secured a RM5.17 million High Court judgment, worth about A$1.78 million, against two companies tied to historical transactions. The company is also preparing further claims against former directors, officers and auditors, with estimated outstanding claims of up to A$20 million, although no recovery is guaranteed.
Victor Sage
Victor Sage
23 Sept 2026
Way2VAT has secured binding commitments for a A$2.109 million placement, giving the fintech capital to fund the next RBC acquisition payment and its e-invoicing expansion. The raise comes at a 29% discount and carries potential further dilution through free-attaching options.
Victor Sage
Victor Sage
9 Sept 2026
Klevo Group Limited (ASX:KLV) has announced a pro-rata entitlement issue of Loyalty Options to raise approximately $3.1 million, aiming to accelerate its credit capabilities and expand its Mastercard program in Asia.
Sophie Babbage
Sophie Babbage
4 Sept 2026
Identitii has issued nearly 200,000 shares to partially repay a $395,000 loan, reducing its debt by $128,944 through a debt-to-equity swap.
Sophie Babbage
Sophie Babbage
1 Sept 2026
Way2VAT Ltd surged revenue by 61% to A$4 million in H1 FY26, driven by client growth and its new AI e-invoicing platform. However, losses widened sharply, prompting cost cuts and debt facility extensions to sustain operations.
Sophie Babbage
Sophie Babbage
31 Aug 2026
Block, Inc. delivered a robust Q2 2026 with 25% gross profit growth, driven by strong Cash App and Square performances, and raised its full-year guidance reflecting accelerating AI integration and hardware innovation.
Sophie Babbage
Sophie Babbage
6 Aug 2026
Spenda Limited has reshaped its business with significant cost cuts, divested non-core assets, and secured major shareholder backing, positioning itself for cash flow positive operations.
Sophie Babbage
Sophie Babbage
31 July 2026

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