AUSTRALIAN FINANCIAL REVIEW MAY 24, 2021

Westpac-backed fintech startup mx51 raises $25m

The start-up sells a white label product that lets banks and non-bank acquirers offer merchants a payments platform to rival Stripe, Tyro and Square.

FINEXTRA MAY 24, 2021

Mastercard joins $25 million round in Australia's mx51

Mastercard has joined a $25 million funding round in Australian payments-as-a-service fintech mx51. The funds represent mx51’s first major round of investment, secured less than 12 months after the firm was spun out of Assembly Payments in May 2020.

ITWIRE MAY 24, 2021

mx51 adds $25 million to coffers with capital raise

Payments technology company mx51 has raised $25 million in a Series A round led by Acorn Capital, Artesian, Commencer Capital and Mastercard.  The funds represent mx51’s first major round of investment, secured less than 12 months after the company spun out of Assembly Payments in May 2020.

BUSINESS NEWS AUSTRALIA MAY 24, 2021

Former Westpac exec's fintech mx51 raises $25m

A payment solutions fintech taking on the likes of global competitors Stripe, Tyro and Square has raised $25 million in a Series A round, with expectations it will grow total processed volumes to $10 billion within the next 12 months.

STARTUP DAILY MAY 24, 2021

Assembly Payments spin-off lands $25 million

White-label payment technology provider, mx51, which last year span out of fintech Assembly Payments, has raised $25 million in its first round, led by Acorn Capital, Artesian, Commencer Capital and Mastercard.

AB+F SEPTEMBER 16, 2020

mx51 gears up for global growth

mx51 is in the process of inking a deal with a global bank as it gears up for global expansion. Its deal with Westpac is exclusive in Australia but mx51 is now eyeing deals outside the local market and is in the process of finalising a tie-up with a US bank.

DYNAMIC BUSINESS SEPTEMBER 11, 2020

Invented by entrepreneurs, for entrepreneurs: Mastercard’s unique global start up program

Start Path – Mastercard’s global start up program – has bolstered 230 fintechs around the world and helped them raise $2 billion in capital. The program boasts an Australian alumni of Airwallex, Money Tree and identitii, and has recently partnered with its first Australian fintech mx51. 

CMD SOLUTIONS CASE STUDY JULY 08, 2020

Delivering a container platform on EKS

mx51 is seeking global growth through offshore bank partnership opportunities, while also continuing to enhance its products and services to deliver a market-leading merchant experience and deepen relationships with Point of Sale (POS) partners onshore.

ABOUT AMAZON (AMAZON BLOG) JUNE 23, 2020

Local businesses prepare for the (new) normal

As restrictions on social activity ease across Australia and New Zealand, employers of all sizes are gradually welcoming staff back to the workplace. But for many organisations, there is a new meaning to ‘business as usual’, as we start to adapt to longer-term changes to how we live and work.

THE AUSTRALIAN FINANCIAL REVIEW MAY 11, 2020

Westpac backs mx51 to tackle global payments invasion

Westpac Banking Corp is backing a new payments spin-off – mx51 – to help it fend off an invasion by global payments software companies threatening banks’ profitable lending and deposit relationships with merchant customers.

FINEXTRA MAY 06, 2020

Mastercard welcomes 12 new startups to virtual Start Path programme

In the face of a changing economic landscape and global uncertainties due to COVID-19, innovation is more important than ever. We continue to seek partners that will become invaluable assets to an ecosystem focused on doing well and doing good.