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March 1, 2024
Finance Technologies

PictureWealth lands AUD 12m and seals acquisition

PictureWealth, the Australian fintech co-founded by former DBS Bank chief innovation officer, Neal Cross, has landed AUD 12 million ($8.2 million). The fintech, which offers wealth-focused products, closed the late-seed funding round on 25 June. PictureWealth is a profitable start-up with annual revenues of AUD 20 million The company has also acquired financial services licensee, NEO Financial Solutions (NFS) for an undisclosed sum. Funding The AUD 12 million funding was comprised of private equity and debt. The fintech has not revealed any of its investors. Previous backers of the fintech are also unknown. It last raised funds in 2017, totalling…
PictureWealth lands AUD 12m and seals acquisition

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