Latest Financial Technology News

Way2VAT Ltd has successfully raised A$2 million through a discounted share placement, aiming to bolster working capital and reduce short-term debt as it capitalises on recent client wins.

Ovanti Limited updates shareholders on ongoing CEO recruitment for its US BNPL division and delays in selling its 21% stake in IDSB, highlighting strategic flexibility amid uncertain timelines.

Credit Clear Limited confirms it remains on track to meet its FY25 earnings guidance, buoyed by strong client growth and cost-cutting measures, even as revenue forecasts are revised downward due to timing delays.

Way2VAT unveils a bold growth strategy leveraging patented AI technology to dominate the expanding digital tax processing market, targeting rapid profitability in 2025. The company’s unified SaaS platform integrates VAT reclaim, real-time invoice validation, compliance services, and e-invoicing across 40+ countries.

Way2VAT has secured a significant three-year contract with global real estate giant JLL, deploying its AI-driven VAT recovery and compliance platform across 25 entities worldwide. This deal positions Way2VAT as a key player in automated VAT solutions for multinational corporations.

Australian Bond Exchange Holdings has completed a $683,180 private placement, issuing over 17 million shares to strengthen its financial position and support expansion and cost-cutting initiatives.

Victor Group Holdings has established Victor Nexus Pty Ltd to deepen its fintech footprint in Australia and forged a strategic partnership with Shebah, aiming to empower women through innovative financial solutions.

Australian Bond Exchange Holdings (ASX: ABE) announces the resignation of director Anthony Hartman and the appointment of Robert Shaw and Mark O’Leary to its board, signaling a strategic boost in expertise.

Stakk Limited reports a staggering 2,533% quarter-on-quarter increase in annual recurring revenue to $472k, fueled by its acquisition of US-based Radical DBX and rapid expansion in Embedded Finance across Australia and the US.

Australian Bond Exchange Holdings (ASX: ABE) reported a strong $3.6 billion trading volume for Q3 FY25 and announced a strategic partnership with ViewTrade Australia, while securing $1.8 million in funding to support its growth trajectory.

QuickFee Limited reported a 29% rise in Q3 FY25 revenue, driven by strong growth in its finance products and Connect platform. However, a significant US credit impairment has prompted a downward revision of its FY25 statutory earnings guidance.

Way2VAT Ltd reported a robust 54% increase in Q1 FY25 revenue to A$1.05 million, driven by new client onboarding and higher VAT claim volumes, alongside strategic cost reductions and fresh credit facilities.