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Sydney-based venture capital firm Reinventure has sealed a $50 million fund with the backing of Westpac in its quest to cherry-pick the most promising Australian fintech startups and foster partnerships to make the banking process smoother for customers.
It is the group’s second $50 million fund and sees Westpac double down on its support for the local fintech sector.
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Reinventure makes investments from seed through to Series A and up, with a particular focus on disruptive technologies that have a direct bearing on Westpac’s core business or ... (read more)