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FinTech Australia Seeks New CEO as Rebecca Schot-Guppy Steps Down August 3, 2021 @ 10:33 pm By JD Alois FinTech Australia, the leading association advocating on behalf of innovation in financial services in Australia, is looking for a new Chief Executive Officer. The hunt for new leadership was predicated by the decision of former CEO Rebecca Schot-Guppy to exit the group to take a new position at IAG’s Firemark Ventures, the VC fund of Australia’s largest general insurer. Schot-Guppy is expected to remain at FinTech Australia until commencing her new role at IAG in November. “It’s b...

Neobank 86 400 to be acquired by NAB in $220 million deal 86 400 chief executive Robert Bell. Source: supplied. Aussie neobank 86 400 is set to be acquired by NAB, combining with the big bank’s own digital offering UBank. NAB already owns 18.3% of 86 400, having taken part in its Series B funding round. Now, it plans to acquire the remaining shares for approximately $220 million, valuing the business at just shy of $270 million. The deal is still subject to approval from regulators and shareholders. But, if and when completed, it will mean the second exit of an Aussie neobank from the marke...