Connect with us

Fintech

Symple Loans teams up with Qantas Frequent Flyer to reward borrowers

Published

on

Symple Loans, the Melbourne-based consumer lending fintech has today announced a partnership with Qantas Frequent Flyer, which will give Symple customers the ability to earn 1 Qantas Point per $1 borrowed, up to 50,000 Qantas Points, when approved for a personal loan. The alliance is the first of its kind between an airline and a fintech lender in Australia.

The partnership will help further support Symple’s profitable growth agenda and enables Qantas Frequent Flyer to offer its members even more ways to earn points. Bob Belan, Co-Founder & CEO of Symple Loans said, “At Symple, we are continuously looking for new and innovative ways to reinvent the personal lending experience and to offer Australians a better, faster, and more rewarding lending experience. In addition to our market-leading interest rates and easy digital application process, our partnership with Qantas allows us to further differentiate Symple’s proposition and offer even more value to our customer base. We are very pleased to be partnering with Qantas — clearly a premium brand and category leader – and we are excited to be working with them closely going forward.”

Symple Loans launched in January 2019 to address what it saw as unnecessarily high-interest rates being paid by credit-worthy Australians. It uses state-of-the-art digital lending technologies, advanced analytics and proprietary risk scoring techniques to create a more complete picture of a borrower’s financial position and then offers the best interest rate possible, which is often well below most other lenders in the market. Personal Loans cater for larger asset purchases, with fixed repayments to ensure customers are on a path to repaying the credit and financial well-being.

The partnership with Qantas Frequent Flyers forms part of the company’s growth strategy aimed at meeting increased lending demand among Australians as the economy recovers from the COVID-19 downturn. It follows a $15 million Series D capital raise, which was announced earlier this year.

Qantas Loyalty Chief Executive Officer Olivia Wirth said the partnership with Symple Loans along with their seamless digital experience would give members another way to earn Qantas Points to redeem on not only flights but a vast range of rewards from hotels and holiday packages to retail offers via the Qantas Rewards Store.

“We’re always evolving and innovating to help our 13 million members earn even more points towards their next dream trip, whether it’s on their groceries, buying petrol, paying bills or now, accessing personal loan services.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://australianfintech.com.au/symple-loan-teams-up-with-qantas-frequent-flyer-to-reward-borrowers/

Crowdfunding

Business Expense Platform Expend Tops £500,000 Goal on Seedrs

Published

on

Fintech startup Expend has topped its £500,000 goal on Seedrs and currently stands at over £820,000 from 433 individual investors.

Expend previously raised capital from angel investors as well as a prior crowdfunding round.

The offering is for a 4.01% equity stake in Expend at a pre-money valuation of £19.7 million. The securities offering is EIS eligible.

Expend is a service that seeks to improve the expense management process by keeping businesses efficient by simplifying & automating operations. Either via a mobile App or website, Expend offers its service along with optional contactless payment cards, receipt & invoice management, mileage tracking, spending approvals and expense reimbursements all in one platform.

Expend is targeting the £13 billion travel and expense management sector.

Expend’s business model utilizes a hybrid revenue strategy with monthly recurring subscription revenue as well as income from the use of payment products and cards. For subscriptions, the fee starts at £6.99/month per user with enterprises over a certain size being charged less per user.

Expend reports that it more than doubled revenue in 2020. The securities offering is scheduled to end later this week.

Have a crowdfunding offering you’d like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176667-business-expense-platform-expend-tops-500000-goal-on-seedrs/

Continue Reading

Crowdfunding

Business Expense Platform Expend Tops £500,000 Goal on Seedrs

Published

on

Fintech startup Expend has topped its £500,000 goal on Seedrs and currently stands at over £820,000 from 433 individual investors.

Expend previously raised capital from angel investors as well as a prior crowdfunding round.

The offering is for a 4.01% equity stake in Expend at a pre-money valuation of £19.7 million. The securities offering is EIS eligible.

Expend is a service that seeks to improve the expense management process by keeping businesses efficient by simplifying & automating operations. Either via a mobile App or website, Expend offers its service along with optional contactless payment cards, receipt & invoice management, mileage tracking, spending approvals and expense reimbursements all in one platform.

Expend is targeting the £13 billion travel and expense management sector.

Expend’s business model utilizes a hybrid revenue strategy with monthly recurring subscription revenue as well as income from the use of payment products and cards. For subscriptions, the fee starts at £6.99/month per user with enterprises over a certain size being charged less per user.

Expend reports that it more than doubled revenue in 2020. The securities offering is scheduled to end later this week.

Have a crowdfunding offering you’d like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176667-business-expense-platform-expend-tops-500000-goal-on-seedrs/

Continue Reading

Crowdfunding

Business Expense Platform Expend Tops £500,000 Goal on Seedrs

Published

on

Fintech startup Expend has topped its £500,000 goal on Seedrs and currently stands at over £820,000 from 433 individual investors.

Expend previously raised capital from angel investors as well as a prior crowdfunding round.

The offering is for a 4.01% equity stake in Expend at a pre-money valuation of £19.7 million. The securities offering is EIS eligible.

Expend is a service that seeks to improve the expense management process by keeping businesses efficient by simplifying & automating operations. Either via a mobile App or website, Expend offers its service along with optional contactless payment cards, receipt & invoice management, mileage tracking, spending approvals and expense reimbursements all in one platform.

Expend is targeting the £13 billion travel and expense management sector.

Expend’s business model utilizes a hybrid revenue strategy with monthly recurring subscription revenue as well as income from the use of payment products and cards. For subscriptions, the fee starts at £6.99/month per user with enterprises over a certain size being charged less per user.

Expend reports that it more than doubled revenue in 2020. The securities offering is scheduled to end later this week.

Have a crowdfunding offering you’d like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.crowdfundinsider.com/2021/06/176667-business-expense-platform-expend-tops-500000-goal-on-seedrs/

Continue Reading

Artificial Intelligence

Extra Crunch roundup: TC Mobility recaps, Nubank EC-1, farewell to browser cookies

Published

on

What, exactly, are investors looking for?

Early-stage founders, usually first-timers, often tie themselves in knots as they try to project the qualities they hope investors are seeking. In reality, few entrepreneurs have the acting skills required to convince someone that they’re patient, dedicated or hard-working.

Johan Brenner, general partner at Creandum, was an early backer of Klarna, Spotify and several other European startups. Over the last two decades, he’s identified five key traits shared by people who create billion-dollar companies.


Full Extra Crunch articles are only available to members
Use discount code ECFriday to save 20% off a one- or two-year subscription


“A true unicorn founder doesn’t need to have all of those capabilities on Day One,” says Brenner, “but they should already be thinking big while executing small and demonstrating that they understand how to scale a company.”

Drawing from observations gleaned from working with founders like Spotify’s Daniel Ek, Sebastian Siemiatkowski from Klarna, and iZettle’s Jacob de Geer and Magnus Nilsson, Brenner explains where “VC FOMO” comes from and how it drives dealmaking.

We’re running a series of posts that recap conversations from last week’s virtual TC Mobility conference, including an interview with Refraction AI’s Matthew Johnson, a look at how autonomous delivery startups are navigating the regulatory and competitive landscape, and much more. There are many more recaps to come; click here to find them all.

Thanks very much for reading Extra Crunch!

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

How contrarian hires and a pitch deck started Nubank’s $30 billion fintech empire

Image Credits: Nigel Sussman

Founded in 2013 and based in São Paulo, Brazil, Nubank serves more than 34 million customers, making it Latin America’s largest neobank.

Reporter Marcella McCarthy spoke to CEO David Velez to learn about his efforts to connect with consumers and overcome entrenched opposition from established players who were friendly with regulators.

In the first of a series of stories for Nubank’s EC-1, she interviewed Velez about his early fundraising efforts. For a balanced perspective, she also spoke to early Nubank investors at Sequoia and Kaszek Ventures, Latin America’s largest venture fund, to find out why they funded the startup while it was still pre-product.

“There are people you come across in life that within the first hour of meeting with them, you know you want to work with them,” said Doug Leone, a global managing partner at Sequoia who’d recruited Velez after he graduated from grad school at Stanford.

Marcella also interviewed members of Nubank’s founding team to better understand why they decided to take a chance on a startup that faced such long odds of success.

“I left banking to make a fifth of my salary, and back then, about $5,000 in equity,” said Vitor Olivier, Nubank’s VP of operations and platforms.

“Financially, it didn’t really make sense, so I really had to believe that it was really going to work, and that it would be big.”

Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B

Image Credits: Didi

In his last dispatch before a week’s vacation, Alex Wilhelm waded through the numbers in Didi’s SEC filing. The big takeaways?

“While Didi managed an impressive GTV recovery in China, its aggregate numbers are flatter, and recent quarterly trends are not incredibly attractive,” he writes.

However, “Didi is not as unprofitable as we might have anticipated. That’s a nice surprise. But the company’s regular business has never made money, and it’s losing more lately than historically, which is also pretty rough.”

What’s driving the rise of robotaxis in China with AutoX, Momenta and WeRide

AutoX, Momenta and WeRide took the stage at TC Sessions: Mobility 2021 to discuss the state of robotaxi startups in China and their relationships with local governments in the country.

They also talked about overseas expansion — a common trajectory for China’s top autonomous vehicle startups — and shed light on the challenges and opportunities for foreign AV companies eyeing the massive Chinese market.

The air taxi market prepares to take flight

Image Credits: Bryce Durbin

“As in any disruptive industry, the forecast may be cloudier than the rosy picture painted by passionate founders and investors,” Aria Alamalhodaei writes. “A quick peek at comments and posts on LinkedIn reveals squabbles among industry insiders and analysts about when this emerging technology will truly take off and which companies will come out ahead.”

But while some electric vertical take-off and landing (eVTOL) companies have no revenue yet to speak of — and may not for the foreseeable future — valuations are skyrocketing.

“Electric air mobility is gaining elevation,” she writes. “But there’s going to be some turbulence ahead.”

The demise of browser cookies could create a Golden Age of digital marketing

Though some may say the doomsday clock is ticking toward catastrophe for digital marketing, Apple’s iOS 14.5 update, which does away with automatic opt-ins for data collection, and Google’s plan to phase out third-party cookies do not signal a death knell for digital advertisers.

“With a few changes to short-term strategy — and a longer-term plan that takes into account the fact that people are awakening to the value of their online data — advertisers can form a new type of relationship with consumers,” Permission.io CTO Hunter Jensen writes in a guest column. “It can be built upon trust and open exchange of value.”

If offered the right incentives, Jensen predicts, “consumers will happily consent to data collection because advertisers will be offering them something they value in return.”

How autonomous delivery startups are navigating policy, partnerships and post-pandemic operations

Nuro second gen R2 delivery vehicle

Image Credits: Nuro

We kicked off this year’s TC Sessions: Mobility with a talk featuring three leading players in the field of autonomous delivery. Gatik co-founder and chief engineer Apeksha Kumavat, Nuro head of operations Amy Jones Satrom, and Starship Technologies co-founder and CTO Ahti Heinla joined us to discuss their companies’ unique approaches to the category.

The trio discussed government regulation on autonomous driving, partnerships with big corporations like Walmart and Domino’s, and the ongoing impact the pandemic has had on interest in the space.

Waabi’s Raquel Urtasun explains why it was the right time to launch an AV technology startup

Image Credits: Waabi via Natalia Dola

Raquel Urtasun, the former chief scientist at Uber ATG, is the founder and CEO of Waabi, an autonomous vehicle startup that came out of stealth mode last week. The Toronto-based company, which will focus on trucking, raised an impressive $83.5 million in a Series A round led by Khosla Ventures.

Urtasun joined Mobility 2021 to talk about her new venture, the challenges facing the self-driving vehicle industry and how her approach to AI can be used to advance the commercialization of AVs.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/06/15/extra-crunch-roundup-tc-mobility-recaps-nubank-ec-1-farewell-to-browser-cookies/

Continue Reading
Aviation3 days ago

Delta Air Lines Flight Diverts To Oklahoma Over Unruly Off-Duty Flight Attendant

Crowdfunding5 days ago

April/May 2021 Top Campaigns

Esports3 days ago

Lost Ark Founders Pack: Everything You Need to Know

Blockchain5 days ago

Crypto Fund Manager Says Bitcoin ETFs to be Approved By 2022

Fintech5 days ago

PayPal launches PayPal Rewards Card in Australia

Aviation2 days ago

Spirit Airlines Just Made The Best Argument For Lifting LaGuardia’s Perimeter Rule

Cyber Security4 days ago

Data Breach that Impacted Both Audi of America and Volkswagen of America

Cleantech4 days ago

Tesla Model S 420 Plaid Is The Best Car In The World (But Not For Me)

Energy4 days ago

Industrial robots market in the automotive industry | $ 3.97 billion growth expected during 2021-2025 | 17000+ Technavio Research Reports

Energy4 days ago

Daiki Axis Co., Ltd. (4245, First Section, Tokyo Stock Exchange) Overview of Operating Performance for the First Three Months Ended March 31, 2021

Fintech5 days ago

Stripe launches Stripe Tax to simplify global tax compliance for Australian businesses

Blockchain4 days ago

Blockchain technology can help to protect sensitive information

Blockchain4 days ago

Blockchain technology can help to protect sensitive information

Blockchain4 days ago

DCR Technical Analysis: Look for Support Levels of $130.13 and $126.01

Esports5 days ago

V-Union cards officially revealed for the Pokémon TCG, includes Mewtwo, Zacian, and Greninja

Blockchain4 days ago

State-Chartered Banks in Texas to Provide Crypto Custody

CNBC5 days ago

From green energy to cybersecurity, Citi names ‘unstoppable trends’ that investors can jump on

Esports5 days ago

New product details and art shared for Pokémon TCG set Evolving Skies

Esports5 days ago

LEC Power Rankings: 2021 Summer Split Preseason

Crowdfunding4 days ago

Chamber of Digital Commerce Welcomes Zilliqa and Newly Formed Zilliqa Capital as New Members

Trending