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WEEK STARTING AUGUST 26


AUSTRALIAN FINTECH AND STARTUPS

BNPL Flexigroup revealed a product called 'Bundll' that allows customers to spend on a Mastercard and then pay it off via an instalment plan. But it's still not treated as credit. I am starting to wonder if all these different BNPL products and derivations could actually blur the definition of what is / isn't credit, and result in an inquiry into the industry / redefining the definition of 'credit'

Inside scoop: employees of payment app 'Beem It' have been accused of trying to harrass peer-to-peer money transfer app 'Finch'

BIG TECH

Facebook is developing a new app called 'Threads'. It's a messaging app designed to be used with your close friends

A former Google engineer, Anthony Levandowski, is being charged for stealing trade secrets between Uber and Waymo. Story here

POTPOURRI

KFC is going to add plant based chicken to their menu in the US

Video: Elon Musk and Jack Ma had a debate in Shanghai. Hilarious viewing



TRIVIA 
Answers at the end of the email

(a) Which noun, meaning ‘a secret plan’ comes from the Latin for "to breathe together"?

(b) Often considered appealing, what features are a genetic defect of the zygomaticus muscles of the face?

(c) What are the only 2 colours on the flag of the USSR, as well as those of the People's Republic of China & Vietnam?

JIMMY'S NOTES

Have a cracking weekend & Happy Fathers' Day to all the Dads out there on Sunday.

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) Conspiracy 

(b) Dimples

(c) Red & Yellow
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