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WEEK STARTING AUGUST 19


AUSTRALIAN FINTECH AND STARTUPS

Zip Co acquired 'PartPay'

Experian acquired 'Look Who's Charging', a tool to identify and verify weird-looking transactions in your banking statement. See 'Cool FinTech of the Week' below for more 

Wine startup 'Vinomofo' struck a deal with Uber Eats and Deliveroo for on-demand wine

BIG TECH

Apple's going to be releasing new 'Pro' iPhones, with a focus upon camera capabilities

Google’s going to stop using dessert names for their Android operating system. They claim it is for worldwide accessibility reasons, or is it because they couldn’t think of a dessert beginning with Q?

Seed accelerator, YCombinator, had their popular demo day - check out the 82 startups that launched here (long, cracking read - complete with 'Epic Aerospace', a space company founded by a 21 year old) 

POTPOURRI

Blog post: I Miss Microsoft Encarta. Fascinating read on information storage and retrieval via CD

4 Rules for Intuitive UX


COOL FINTECH OF THE WEEK

'Look Who's Charging' - a FinTech that allows you to better understand your banking statement data. It's super useful in the case that you see a transaction in your statement and have no idea what it means or where it came from (e.g. if the merchant is registered under a parent company, or a different trading name) - allowing you to click through and see more info about the transaction. The mobile-first platform enriches the transaction, providing geolocation, opening hours, ABN etc. Granted, some banking apps already do this (they allow you to click through and 'look up' the transaction) but they still involves a fair bit of friction. Experian's acquisition of them looks like more of an open banking / fraud play (e.g. connect bank account to verify that it was a legitimate transaction, reducing paper statement fraud). The categorisation play is also big here: one of the biggest challenges in transaction categorisation for personal finance management is mis-classified merchant names and / or merchant codes (e.g. if a Cafe owner registers their merchant facility as a 'Bar', your personal finance app is going to be out of whack). If Look Who's Charging provide a transaction-verification API, this would make it way easier for FinTechs to have to build this verification in-house. Neobanks love these services too, and can use categorisation to alert users for upcoming subscription payments, BNPL instalments, etc (Up is already doing this). 

TRIVIA 
Answers at the end of the email

(a) Can you name a dessert beginning with the letter 'Q'?

(b) Which popular programming language was named after a British comedy that first aired on TV in the 1969?

(c) How many female Prime Ministers has New Zealand had?

(d) What were the 6 different coins used when the decimal system was first adopted in Australia?

JIMMY'S NOTES

If you read the trivia last week, people suggested Antarctica had no landlocked countries...but it has no countries at all #technicality

Have a cracking weekend.

All the best,
Jimmy
FRIENDS OF THE INNER LOOP


Basiq
Basiq is an aggregation platform for acquiring financial data. They provide secure access to hundreds of financial institutions through a simple set of RESTful APIs.



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.

 
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Trivia Answers 

(a) Me neither - Queijadinha, Qurabiya, Queen of Puddings, Quindim, Qottab, Quesito, Quetschentaart. List here

(b) Python (Monty Python)

(c) 3

(d) 1c, 2c, 5c, 10c, 20c, 50c. (The $1 and $2 coins weren't introduced until the 1980s)

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