Copy
Retweet Retweet
Forward Forward
Share Share

WEEK STARTING OCTOBER 21


AUSTRALIAN FINTECH & STARTUPS

AirTree launched their third VC fund of $275m for Aussie and Kiwi startups. Huge!

The RBA is investigating Afterpay and BNPL providers for their 'no surcharge rule' (link here). Good article here on how this clashes with the Morrison Government's agenda

Check your bank account: CBA had an outage and gave ~100k customers $50 in apology

Athena Home Loans raised a $70m Series C round

Boost Juice & PropertyGuru had to cancel their IPOs, following in the wake of Latitude Financial's IPO flop

BIG TECH

Google claims they reached 'Quantum Supremacy'. The quantum computer completed a calculation in less than 3.5 minutes that would take a present-day computer 10,000 years to finish. Video (promo) here

Popular luxury software, Superhuman, is now starting a venture fund. More on Superhuman here

More WeWork saga: Co-founder Adam Neumann's era is over, but he is expected to receive a $1.2bn windfall

Tidbit: UberEATS now accounts for 10% of McDonalds' UK business

POTPOURRI

Weekend (long) read: Is Amazon Unstoppable?

Research paper: Adversarial Attacks Against Medical Deep Learning Systems. This paper advocates for deep learning in medical diagnosis e.g. IBM Watson identifying skin cancer (who wouldn't) - but explains how end users can manipulate model outputs for fraudulent purposes  

COOL FINTECH OF THE WEEK

Wildcard Money - an app that provides access to a portion of your pay / salary each day, to help you better manage your money. I find this one incredibly interesting. It's very clever to use a salary deposit as the USP for your banking app - something that other neobanks internationally have struggled to lock in (ultimately building out their deposit book). Note: Up Banking is adding the 'auto-split' feature. It also actively encourages positive spending habits, and is more like a transactional account that unbundles your Pay / Spend account from your savings, goals, investments etc. I think this approach is fantastic - stick with a core product feature (salary deposit), iterate, and see how it pans out. By gamifying the salary deposit & discretional spend, it can effectively look after a significant part of your paycheck (notwithstanding rental payments & other direct deposits, which presumably are carried out by other FIs)


TRIVIA 
Answers at the end of the email


(a) How many different opening moves are possible in a game of chess?

(b) Which two countries share a border with Costa Rica? 


(c) What two capital cities are within a 500km radius of Andorra's capital, Andora La Vella?

JIMMY'S NOTES

Like this week? Forward this email to a friend, or get them to sign up at www.jimmygrafton.com.

Happy Friday.

All the best,
Jimmy
Sign Up Here
FRIENDS OF THE INNER LOOP


InDebted Careers
InDebted is sublimating debt collection by leveraging machine learning to understand consumer preferences for servicing overdue accounts. We couple this with an exceptional customer experience to enable our clients to better support the financial wellbeing of their customers.



Reinventure Jobs
Open roles within the Reinventure portfolio. Maybe time for a change to FinTech?



DiviPay Jobs
DiviPay is an awesome up and coming corporate card & expense management platform. Co-founder Dan has been a long time reader / fan of the Loop! Check out the link for some of the roles they are looking for as they scale up.

 
Friends of The Inner Loop showcases some of our readers, their interests and what they're working on. If you want to be a friend of The Inner Loop, then drop me a note
LinkedIn
LinkedIn
Twitter
Twitter
Website
Website
Email
Email
***






Trivia Answers 

(a) 20

(b) Nicaragua & Panama


(c) Madrid, Spain & Monte Carlo, Monaco (see radius here)
Copyright © 2019 The Inner Loop, All rights reserved.


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Email Marketing Powered by Mailchimp