Funding announcement
Startup · $32.5m raised
Mx51
Payments fintech
Sydney, NSW
Funding history
-
Series B : $32,500,000
Investors
Every investor coverage indicates participated in a round Mx51 raised.
| Investor | Rounds | Invested |
|---|---|---|
| Acorn Capital | Series B | - |
| Artesian VC | Series B | - |
| Commencer Capital | Series B | - |
| Mastercard | Series B | - |
| Rampersand | Series B | - |
| undisclosed global fintech investor | Series B | - |
What Mx51 bought
Companies Mx51 acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
People
| Name | Role | Sources |
|---|---|---|
| Victor Zheng | CEO and Co-founder | Cut Through Venture, SmartCompany, Australian FinTech, Startup Daily |
| Jo Newton | Head of People and Culture | Australian FinTech |
Coverage
Stories naming Mx51. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
17 deals
CTV Funding News - July 2022
Cut Through Venture's August update rounds up July 2022 Australian startup funding, listing raises from Mx51 to WeMoney, Startmate's newest cohort of twelve, and the beta launch of its investor search tool.
Also Techboard
7 deals
Ignition Lane's Weekly Wrap: Venture capital is down, but a long way from out
Ignition Lane's weekly wrap reports falling Australian venture funding, lists several startup raises and fund raises, covers Chargefox's acquisition, Volt's closure, the Zip-Sezzle merger termination, and global tech news.
Also Startup Daily·Techboard
8 deals
HIVERY, mx51, Refundid, and more: Local startups raise over $100 million in recent weeks despite market fearmongering
A roundup of Australian startups that raised funds in recent weeks: mx51, Refundid, Storipress, HIVERY, InternMatch, upcover, Pearler and Loopit together secured over $100 million despite a cooling venture market.
Also Cut Through Venture
2 deals
Fintech mx51 raises $32.5 million Series B for global plans
Payments company mx51 has closed a Series B round of $32.5 million with existing backers participating, after an undisclosed lead investor, and plans to expand in Australia and internationally.
Also Australian FinTech·SmartCompany·Cut Through Venture·Startup Daily