15 C
May 30, 2023
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

Related posts

Sibos 2020: Victoria Harverson, global head of business development at SmartStream Air

Amme Jhonson

CAN Capital introduces new CEO Edward Siciliano

Amme Jhonson

Bank of America CTO: Cyberattacks on banks “surged” during pandemic

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy