Ledger. Australian venture funding, tracked

Company

86 400

Coverage

Stories naming 86 400. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

7 deals

Seven Aussie startups that raised $495.8 million this week

Weekly roundup of seven Australian startup raises, led by Airwallex's Series F, plus EatClub, Kite Magnetics, Termina, Preve, Foremind and Liveheats.

Also Startup Daily

Series B $37m

Small business lender Avenue is off its banking P plates

Avenue Bank, a Sydney lender to small businesses, has obtained a full banking licence from APRA, 18 months behind schedule; the article recalls its $37m Series B, Liberty's backing, and neobank failures and sales.

4 deals

Neobank Volt is shutting down after failing to find fresh capital

Startup Daily reports neobank Volt is winding up, returning deposits and selling its mortgage book after a failed capital raise, recapping earlier raises by Judo Bank and Alex plus past neobank failures and acquisitions.

Also Startup Daily

Exit / M&A

Volt urges customers to empty their deposit accounts as the neobank pioneer exits the banking sector

Volt, Australia's first licensed neobank, is closing its deposit-taking business and handing back its banking licence after global capital raising failed, telling customers to move funds; the article recalls Xinja, 86 400 and Judo outcomes.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily

Unnamed stage US$750m

Australian fintech investment rebounds: KPMG Pulse of Fintech

KPMG's half-yearly fintech report finds Australian fintech funding rebounded in 2021, recapping local raises, listings and acquisitions alongside record global deal figures and a bullish outlook for 2022.

Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Australian FinTech

Something wrong? Tell us