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Australian FinTech company profile #93 – Send

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  1. Company Name: Send
  1. Website: www.SendFX.com.au
  1. Key Staff & Titles:

Paul Billing – CEO & Co-Founder

Ian Cragg – Head of Partnerships & Co-Founder

Alexandra Rofe – Chief Operating Officer & Co-Founder

Ryan Maddock – Chief Financial Officer

Geoff Keir – Head of Technology

  1. Location(s): Gold Coast, Queensland
  1. In one sentence, what does your fintech do?:

Send are delivering a truly global payments platform to our customers and partners that connects people with their money like never before.

  1. How / why did you start your fintech company?:

Having previously built a remittance company from the ground up, we deeply understand what is broken in the industry and the subsequent limitations of old technology that companies and current disruptors have been built upon.

With decades of experience nurturing large brands in this space, we have unmatched insight into what large and complex partnerships are looking for in a solution and how it is possible to monetize and scale them successfully.

We started this company to remove expensive and complex layers typically associated with international banking by using the right technology and licensing. This enables us to unbox a payments solution for businesses and customers that is faster, cheaper and more secure.

  1. What is the best thing your company has achieved or learnt along the way (this can include awards, capital raising etc)?:

We’re proud to have two awards under our belt, as the winner of the 2019 Gold Coast Young Entrepreneur in the startup category and most recently as the winner of a Mozo Expert Choice award for the best international transfer provider for 2020.

It’s also been rewarding to secure over 100 partnerships with businesses across a range of industries who continue to actively refer clients to us.

We’ve also welcomed former Bank of Queensland CEO, Jon Sutton, to round out our already robust  Advisory Board. Jon will be helping catapult Send’s growth and product offering so we can provide even more value to our partners and customers.

  1. What’s some advice you’d give to an aspiring start-up?:

Only surround yourself with people who can add value to the business. Strong people who share the same mission, vision and values of the business are not only priceless but instrumental in developing innovative solutions to clients’ problems.

Your ability to forge connections with other businesses is also important and can be vital in ensuring you generate mutual success in developing market-leading solutions.

  1. What’s next for your company? And are you looking to expand overseas or stay focused on Australia?:

The development of a mobile app, smart card and loyalty scheme for our clients and partners are the next product releases up our sleeves. We understand the value of loyalty points and as such, want to rightly reward our clients for transferring and spending with us as they move around the world. As the loyalty scheme grows, we expect to collaborate with some of Australia’s and New Zealand’s most well-known brands.

Everything we build now and into the future is API-lead, meaning all Send’s internal systems and products will be available to partners ‘off the shelf’ via one rich API. We want to change a broken market and want to share this success with our partners, helping save as much money for as many people globally as we can.

In addition to our technological developments and services, we have plans to expand our offerings to ASEAN, New Zealand and European markets in the next twelve to eighteen months.

  1. What other fintechs or companies do you admire?:

With constant advancements in the financial market space, it’s incredible to see companies develop innovative and experimental solutions.

As we thrive off partnerships, we appreciate and are inspired by other businesses strategically bringing products and offerings together to make consumers’ lives easier.

  1. What’s the most interesting or funniest moment that’s happened in your company’s lifetime?:

A moment that comes to mind is accepting the 2019 Gold Coast Young Entrepreneur in the startup category. As a new business, we weren’t expecting to win the award and were completely caught off guard when we were announced as the winner!

We were lost for words in that uncanny moment and had to fumble our way through a speech we hadn’t prepared for. We managed to make the audience laugh and got a round of applause, so we found our rhythm by the end.

To this day we still laugh about how we handled that moment and the reaction we had to such a prestigious award.

Source: https://australianfintech.com.au/australian-fintech-company-profile-93-send/

Fintech

API integrator Railz raises $15 million in series A funding

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Software provider Railz, which offers an API integration that connects financial institutions with small and mid-sized businesses, today announced a $15 million series A funding round. The fundraising round is indicative of the growing interest in open banking and open finance, said Oliver Yu, an intelligence analyst at business analytics provider CB Insights. “APIs have […]

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Source: https://bankautomationnews.com/allposts/retail/api-integrator-railz-raises-15-million-in-series-a-funding/

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AI

Big bank demand for AI talent outpaces supply

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Demand for artificial intelligence (AI) experts at financial institutions continues to grow, with banks looking to leverage digital channels and incorporate data-driven analytics into their workflows as the U.S. economy moves toward reopening. American Express and Wells Fargo led the pack among financial services in AI-related job offerings posted in the past quarter, with the […]

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Source: https://bankautomationnews.com/allposts/center-of-excellence/big-bank-demand-for-ai-talent-outpaces-supply/

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Fintech

FinDEVr Shines a Light on Fintech’s Developers at FinovateSpring

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With apologies to LL Cool J, feel free to call it a comeback.

FinDEVr, our conference series dedicated to developers in fintech and financial services, is back. We’re saving the final day of FinovateSpring this year to shine a light on the role that developers continue to play in building and applying the technologies that keep fintech at the cutting edge.

Some of Finovate’s most illustrious alums have, in fact, been alums of FinDEVr. Among those at the top of the list are innovators like Plaid. The company, nearly acquired by Visa for more than $5 billion last year, was a big part of one of our earliest FinDEVr events in 2014 where it introduced its “API for Financial Infrastructure” to fintech audiences.

FinDEVr has also served as a platform for innovative fintechs not just from outside of Silicon Valley, but from outside the U.S., as well. An excellent example of this kind of FinDEVr alum is Nubank. Making its FinDEVr debut at our first developers conference on the east coast, FinDEVr New York, in 2016, the Brazilian financial services startup has grown into a major regional neobank and the biggest fintech in Latin America with more than 34 million customers.

For this year’s return, FinDEVr will feature a quintet (or more!) of innovative companies that are busying building tomorrow’s fintech today. Each company will provide both a TECHTalk and an informative workshop to dive deeper into the enabling technologies being discussed. Take a look at our current line-up below, as well as the topics we’ll be talking about.

Connecting Siloed Financial Data: Open Banking’s Impact on the Financial Experience

Join Finicity as they explore the implications of an open financial ecosystem, shifting control to consumers, what the impact is for technologists and developers, and how open banking is being leveraged to improve financial literacy and inclusion. Finicity will follow this with a workshop on how to leverage the power of open banking with a hands-on introduction to their platform. Learn more.

The Tango: Operationalizing Predictive Models, an Engineering and Data Science Collaboration

Instnt will examine the different workflows followed by data science and engineering and discuss why they must come together in the deployment and maintenance of application models. The conversation will be followed by a workshop on rapid feature development and analysis in the identity verification space. Learn more.

Simplifying the complex with an innovative tech stack

LoanPro’s TECHTalk will discuss the importance of a modern and secure technology stack that is cloud-based, uses a configuration first approach, and maintains security throughout the process. LoanPro will follow up with a workshop on how to connect with and build loans via LoanPro’s API in less than 90 minutes. Learn more.

Data for sustainability

What is the relationship between data, sustainability, and financial services? In their TECHTalk Ecolytiq will discuss how their Sustainability-as-a-Service model helps ensure that financial institutions have access to relevant, contextual information at the right time. After the presentation, Ecolytiq will lead a conversation on how to ethically manage different data assets, and how to integrate them into the decision-making process. Learn more.

Scalable fintech product development

How can product development teams keep up with the rapid pace of fintech product adoption while remaining efficient and keeping costs down? Praxent’s TECHTalk will examine this challenge in greater detail and highlight ways to resolve productivity challenges. The workshop afterward will feature best practices for identifying bottlenecks in the development process and how to accurately benchmark your team’s progress. Learn more.


To find out more about the return of FinDEVr, visit the FinDEVr section of our FinovateSpring hub for more information.


Photo by Startup Stock Photos from Pexels

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Source: https://finovate.com/findevr-shines-a-light-on-fintechs-developers-at-finovatespring/

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Big Data

WeatherNet acquired by Synergy Cloud

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WeatherNet acquired by Synergy Cloud

Synergy Cloud, the technology and data company owned by Claims Consortium Group, has acquired the majority stake in WeatherNet from Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions. The deal completed on 30.04.2021 for an undisclosed sum. This acquisition expands Synergy’s current data and insights offering as the company continues to focus on providing industry-leading data and software solutions to the UK insurance market. 

Since its inception in 1995, WeatherNet has grown to become UK insurers’ most trusted weather provider – using its unique reservoir of urban-based weather data to supply historic, current and forecast services – and to deliver unique industry-tailored insights.

Jeremy Hyams, Founder and CEO of Claims Consortium Group, said: ‘I am delighted to welcome WeatherNet to Synergy and the Group. As one of the most recognised and respected brands in the industry, it has been pioneering claims technology and data since 1995. The team’s extensive expertise will perfectly complement our existing offering and add a new dimension to our portfolio as we embark on new strategic initiatives.’

Steve Roberts, Founder and Owner of WeatherNet, said: ‘We are delighted to be joining Synergy and Claims Consortium Group and would like to thank Jeremy and his team for their interest, trust and for making everyone here feel so welcome. We look forward to this new and exciting chapter, continuing to build value for our clients and staying at the vanguard of the insurtech market.’

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Source: https://www.fintechnews.org/weathernet-acquired-by-synergy-cloud/

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