Founder & CEO, WeMoney
Stories naming Dan Jovevski. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
WeMoney has launched WeMoney Connect, an AI lending assessment tool using consented Consumer Data Right bank data, in limited early access for Australian lenders, with Mastercard as strategic investor.
Radium Capital's R&D lending has passed $1 billion across 1,000-plus companies since 2017; case studies recall WeMoney's $12 million Series A and ElectraLith's $27.5 million Main Sequence-led round.
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Funding roundup covering six Australian-linked startups: Superpower's US$30m Series A, WeMoney's $12m Series A plus debt facility, InsightWise's $1m pre-seed, and Bupa's first venture investments in three health startups.
Weekly roundup listing seven Australian startups and their raises, totalling $17.7 million across AI, packaging materials, fintech, digital health, music licensing, construction software and swimwear.
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WeMoney closed a $3 million round from largely existing backers, following its 2020 seed and 2022 raises, and signed a Mastercard Open Banking deal while preparing a larger raise.
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WA venture fund Purpose Ventures stages a discounted founders' dinner on preparing for investment, backed by a state industry fund program and featuring WA founders; the event has since sold out.
The article reports WeMoney achieved its first profitability in late 2022, with strong revenue and user growth, and notes it may fundraise in 2023 after raising $9m to date from several backers.
Startup News hands out its fifth annual community-voted awards, honouring WeMoney, Stuart Kidd and Paula Taylor, plus Spacecubed's Golden Ticket won by Matilda, and recaps the year's most-read stories including several funding rounds.
WeMoney closed a $7 million round in March 2022, led by Full Circle VC and Betterlabs with new backers, following its 2020 seed raise, to fund product development.
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