Latest Fintech Sector News

Klevo Rewards’ subsidiary Fly Wallet has engaged top-tier law firm Hamilton Locke to establish the legal framework for its upcoming KLV stablecoin, aiming to ensure regulatory compliance in Australia’s evolving digital asset landscape.

Ovanti Limited has secured $711,200 through a discounted share placement to professional investors, aiming to support its global operations and expansion into the US buy now, pay later market.

Identitii Limited’s ID8N securities have been reinstated to trading following the close of its recent rights issue and the resolution of a Takeovers Panel application.

Novatti Group has reported its December quarter results, marking a fourth consecutive EBITDA positive quarter in its Payments AU/NZ business and securing $1 million in strategic growth funding. The company’s stake in AUDC has nearly doubled following a successful Pre-Series A funding round.

Findi Limited has responded in detail to ASX queries over its valuation approach for its Indian subsidiary TSI, clarifying peer selection, valuation multiples, and compliance ahead of TSI’s planned IPO on the Bombay Stock Exchange.

Wisr Limited has successfully closed its Share Purchase Plan, raising $1.22 million and reducing corporate debt by $7.5 million as part of a broader $10.6 million capital raise.

Identitii Limited has announced a pro rata non-renounceable rights issue to raise approximately $2.88 million, partially underwritten by Beauvais Capital Pty Ltd. The funds will support the development and commercialisation of its BNDRY platform amid ongoing patent litigation risks.

Beforepay Group has reported a record quarterly profit nearly doubling last year’s figure, driven by strong advances growth and strategic AI partnerships enhancing its lending platform.

Victor Group Holdings has sharply reduced its FY25 loss to $275,449 from $3.53 million the prior year, while expanding its fintech presence through strategic stakes in LIT Technology and iRich Finance.

Raiz Invest reported robust FY25 results with 15% revenue growth and a near break-even net loss, underpinned by strong customer and funds growth. The fintech’s strategic innovations and partnerships set a positive tone for FY26.

Stakk Limited has landed a strategic $3.05 million contract with U.S.-based Sharetec Systems, expanding its Embedded Finance footprint and pushing annual recurring revenue beyond $3 million.

Butn Limited has reported record revenue growth and its first positive operating cash flow for FY25, alongside securing a substantial $100 million funding facility to fuel future expansion.