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In the news
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.
AUSBIZ MAY 25, 2021
mx51 raised $25M in less than 12 months since launch
mx51 CEO and founder Victor Zheng joins Ausbiz's Startup Daily show to discuss the recent $25M Series A capital raise.
AUSBIZ SEPTEMBER 10, 2020
Mastercard welcomes mx51 to its global Start Path program
Mastercard Australia discusses its Start Path program, what distinguishes mx51 from other fintechs and why it has what it takes to scale its payment technology globally.
TALENZA JUNE 19, 2020
Talenza's SME Shout-out series | mx51
AUSBIZ MAY 08, 2020
mx51 has joined the Mastercard Start Path Programme
mx51's founder, Victor Zheng, talks to Kylie Merritt and David "Kochie" Koch about mx51 joining the Mastercard Start Path programme.