ITWIRE AUGUST 9, 2022

Newton joins mx51 as head HR honcho

Fintech mx51 has appointed Jo Newton to the role of head of people and culture.

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"Jo's appointment comes at a key time in the business' growth. We've already doubled our global headcount in a year, we'll need to grow even faster in 2023," said mx51 co-founder and CTO Steven Hadley.

AUSTRALIAN FINANCIAL REVIEW JULY 19, 2022

Mastercard and Westpac-backed start-up bucks market with $32.5m raise

Westpac-backed payments technology start-up mx51 has bucked the broader gloom in local tech investment circles, closing a $32.5 million funding round that more than doubled its valuation.

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The funding round included a raft of returning investors from its previous capital raisings including payment heavyweight Mastercard and venture capital operators Acorn Capital, Commencer Capital, Rampersand and Artesian.

AUSTRALIAN CYBER SECURITY MAGAZINE JULY 1, 2022

mx51 Partners with Sysdig

mx51 has partnered with Sysdig. Martin Doherty, Head of Cyber Security and Risk at mx51 said “Having consistent scanning capabilities from early development through to release is huge for us. By enabling the team to self-serve, we essentially reduce the ‘security tax’ on our developers.”

FINEXTRA MAY 5, 2022

Banks must innovate now or they will be replaced by Big Tech

The next bank you sign up to may not be a bank at all. It could be Apple or Square, Adyen or even Stripe. 

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If the writing isn’t on the wall already, big tech is coming after banking. What started in stealth almost a decade ago with the introduction of wallets in smartphones is now moving into payments, deposits and lending -- core banking businesses.

AUSTRALIAN FINANCIAL REVIEW APRIL 13, 2022

How employee share plans can increase your wealth

Toby Barrett, finance manager for mx51, a digital start-up, says his employee share scheme creates an opportunity for him to make big potential financial gains as his company expands.

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For his boss and company founder, Magnus Hsu, the scheme giving employees a stake in his payment-platform company has helped attract and retain skilled staff in a cut-throat job market.

ITWIRE JANUARY 25, 2022

Tate takes the chair at mx51

Payments as a service platform operator mx51 has appointed Jim Tate as its chair.

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“To have an executive as experienced as Jim join our company as Chair is a substantial milestone for our company,” said mx51 CEO and co-founder Victor Zheng.

AUSTRALIAN FINANCIAL REVIEW JANUARY 24, 2022

Big tech eyes small business market in Australia

Big banks will need to speed up their collaboration with fintech players or risk losing crucial transaction banking business, warns the chief executive of payments disrupter mx51, Victor Zheng.

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Mr Zheng, who spent 8½ years working for Westpac, says banks can’t keep pace with new competitors from Silicon Valley that are embedding payments into the cloud computing systems used by businesses. By doing so, they are able to offer a much more compelling range of services to business clients than the banks.

FINEXTRA NOVEMBER 18, 2021

mx51 names former Mastercard exec Varghese Mathew chief customer officer

Payments fintech mx51 has appointed former Mastercard Australia Vice-President Varghese Mathew as its Chief Customer Officer.

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Varghese brings a decade of experience in financial services and technology to the role, holding positions at Mastercard, The Boston Consulting Group and Cisco.

THE AUSTRALIAN SEPTEMBER 29, 2021

mx51 appoints COO, CPO as co-founders

Payments technology fintech mx51 has appointed Chief Operating Officer Magnus Hsu and Chief Product Officer Steven Hadley as co-founders of the business.  After spinning out of Assembly Payments, mx51 has now processed over $1bn in transactions and has raised over $25m in capital within a year.

FINEXTRA SEPTEMBER 29, 2021

mx51 appoints COO, CPO as co-founders

Payments technology fintech mx51 has appointed Chief Operating Officer Magnus Hsu and Chief Product Officer Steven Hadley as co-founders of the business.  After spinning out of Assembly Payments, mx51 has now processed over $1bn in transactions and has raised over $25m in capital within a year.

AB + F SEPTEMBER 13, 2021

Bank, fintech partners are more vital than ever, thanks to Square Afterpay tie-up

There’s no denying that Square's purchase of Afterpay was a watershed moment for Australia’s fintech sector. That part is more or less obvious. But quietly, it also doubled as a wake-up call for all banks, globally, about the importance of fintech partnerships and will place an emphasis on them going forward.

AUSTRALIAN FINTECH AUGUST 16, 2021

Australian Fintech mx51 boosts analytics capabilities and improves customer service with Snowflake

Snowflake, the Data Cloud company, today announced it has been selected by merchant payment platform fintech provider, mx51, to support the company’s analytics and customer service activities.

ITWIRE AUGUST 16, 2021

mx51 selects Snowflake data platform

Merchant payment platform provider mx51 has adopted the Snowflake data platform to support its analytics and customer service activities.

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.