Australian Fintech Firm Mx51 Raises $25 Million

Finance Magnates | Financial and business news

“Australia’s fintech startup, mx51 announced that the company has secured $25 million in the Series A funding round to accelerate its expansion. According to an official announcement , the recent funding round was led by Acorn Capital, Artesian, Commencer Capital and Mastercard . In addition, the company is planning to introduce new features to compete with other payment platforms in the country. Founded by Victor Zheng, the formed Westpac Executive and Co-Founder of Assembly Payments, the fintech platform enables banks and non-bank acquirers to provide modern and seamless multi-channel payments and value-added solutions to merchants.”