{"id":558757,"date":"2024-05-27T11:07:21","date_gmt":"2024-05-27T10:07:21","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=558757"},"modified":"2024-05-27T11:07:21","modified_gmt":"2024-05-27T10:07:21","slug":"wemoney-secures-3m-and-teams-with-mastercard-for-open-banking","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/","title":{"rendered":"WeMoney secures $3m and teams with Mastercard for Open Banking"},"content":{"rendered":"

WeMoney, an Australian financial wellness platform<\/a>, has completed a $3 million fundraising round to capitalise on current growth opportunities to fuel Open Banking.<\/p>\n

This round was led by existing investors, following a $7 million fundraising<\/a> round in June 2022 and the FinTech\u2019s $2 million seed raising in late 2020, which added former APAC Head of Envestnet Yodlee, Timothy Poskitt.<\/p>\n

In the last 12 months, strategically interested parties have approached WeMoney, and it is actively advancing a fresh fundraising round of more than $10 million to expand its offering as the Australian Open Banking ecosystem matures and improves its stability.<\/p>\n

Founder of WeMoney, Dan Jovevski,<\/strong> said, \u201cWe have multiple pathways for growth, but we\u2019re most interested in capital partners with a unique advantage around distribution and a customer base where WeMoney can significantly help Australians improve their financial health,\u201d Mr Jovevski said.<\/p>\n

To compound WeMoney\u2019s leadership position in Open Banking, WeMoney has recently signed a commercial arrangement to leverage Mastercard\u2019s Open Banking solution in Australia.<\/p>\n

\u201cMastercard\u2019s global and domestic reach is simply unparalleled; we’re impressed with their roadmap for Open Banking and excited to have the opportunity to be partnering more closely in the years to come,\u201d Jovevski shared.<\/p>\n

\u201cMastercard is delighted to work with WeMoney to offer Mastercard\u2019s Open Banking Solutions to its customers. As a participant in Mastercard\u2019s Start Path program and a leader in Open Banking in Australia, WeMoney will be leveraging Mastercard\u2019s capabilities fueling financial inclusion and further collaboration opportunities,\u201d said Brenton Charnley, Vice President and Head of Open Banking, Australasia, Mastercard. <\/strong><\/p>\n

\u201cThere has never been a more important time to leverage the improving capabilities of Open Banking to assist Australians with cost-of-living pressures; WeMoney is excited to bring opportunities for many to save money leveraging technology and achieve their goals\u201d, added Jovevski.<\/strong><\/p>\n","protected":false},"author":35800,"featured_media":558758,"parent":0,"template":"","categories":[11378],"tags":[45220,45219,43162,35898,11456,45218],"class_list":["post-558757","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-open-banking","tag-australia-fintech-funding","tag-financial-wellness-platform","tag-fintech-australia","tag-fintech-solutions","tag-open-banking","tag-wemoney"],"acf":[],"yoast_head":"\nWeMoney secures $3m and teams with Mastercard for Open Banking<\/title>\n<meta name=\"description\" content=\"WeMoney, an Australian financial wellness platform, has completed a $3 million fundraising round to fuel Open Banking.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WeMoney secures $3m and teams with Mastercard for Open Banking\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/\" \/>\n<meta property=\"og:site_name\" content=\"IBS Intelligence\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ibsintelligence.cmc\/\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/05\/wemoneyapp_logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@IBSIntelligence\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/\"},\"author\":{\"name\":\"Gloria Mathias\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/c6f14d3dd18e4abfeddc79cebe8d5bbd\"},\"headline\":\"WeMoney secures $3m and teams with Mastercard for Open Banking\",\"datePublished\":\"2024-05-27T10:07:21+00:00\",\"dateModified\":\"2024-05-27T10:07:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/\"},\"wordCount\":308,\"publisher\":{\"@id\":\"https:\/\/ibsintelligence.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/05\/wemoneyapp_logo.jpg\",\"keywords\":[\"Australia Fintech funding\",\"Financial Wellness Platform\",\"Fintech Australia\",\"FinTech solutions\",\"Open Banking\",\"WeMoney\"],\"articleSection\":[\"Open Banking\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/\",\"url\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/\",\"name\":\"WeMoney secures $3m and teams with Mastercard for Open Banking\",\"isPartOf\":{\"@id\":\"https:\/\/ibsintelligence.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/05\/wemoneyapp_logo.jpg\",\"datePublished\":\"2024-05-27T10:07:21+00:00\",\"dateModified\":\"2024-05-27T10:07:21+00:00\",\"description\":\"WeMoney, an Australian financial wellness platform, has completed a $3 million fundraising round to fuel Open Banking.\",\"breadcrumb\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#primaryimage\",\"url\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/05\/wemoneyapp_logo.jpg\",\"contentUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/05\/wemoneyapp_logo.jpg\",\"width\":200,\"height\":200,\"caption\":\"WeMoney, Financial Wellness Platform, Fintech Solutions, Fintech Australia, Open Banking, Australia Fintech funding\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ibsintelligence.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"WeMoney secures $3m and teams with Mastercard for Open Banking\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ibsintelligence.com\/#website\",\"url\":\"https:\/\/ibsintelligence.com\/\",\"name\":\"IBS Intelligence\",\"description\":\"Financial Technology News & FinTech Research\",\"publisher\":{\"@id\":\"https:\/\/ibsintelligence.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ibsintelligence.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ibsintelligence.com\/#organization\",\"name\":\"IBS Intelligence\",\"url\":\"https:\/\/ibsintelligence.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png\",\"contentUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png\",\"width\":299,\"height\":80,\"caption\":\"IBS Intelligence\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ibsintelligence.cmc\/\",\"https:\/\/x.com\/IBSIntelligence\",\"https:\/\/www.instagram.com\/ibsintelligence\/\",\"https:\/\/www.linkedin.com\/company\/ibs-intelligence\/\",\"https:\/\/www.youtube.com\/channel\/UCLkzPazySerR8DzKFeFFGmw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/c6f14d3dd18e4abfeddc79cebe8d5bbd\",\"name\":\"Gloria Mathias\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e1431e1cd0ffb7b74b99bd17bf470e0be4a0a275ef2c13b30e5d8e49bbbe212f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e1431e1cd0ffb7b74b99bd17bf470e0be4a0a275ef2c13b30e5d8e49bbbe212f?s=96&d=mm&r=g\",\"caption\":\"Gloria Mathias\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"WeMoney secures $3m and teams with Mastercard for Open Banking","description":"WeMoney, an Australian financial wellness platform, has completed a $3 million fundraising round to fuel Open Banking.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/","og_locale":"en_US","og_type":"article","og_title":"WeMoney secures $3m and teams with Mastercard for Open Banking","og_description":"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.","og_url":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/","og_site_name":"IBS Intelligence","article_publisher":"https:\/\/www.facebook.com\/ibsintelligence.cmc\/","og_image":[{"width":200,"height":200,"url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/05\/wemoneyapp_logo.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@IBSIntelligence","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#article","isPartOf":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/"},"author":{"name":"Gloria Mathias","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/c6f14d3dd18e4abfeddc79cebe8d5bbd"},"headline":"WeMoney secures $3m and teams with Mastercard for Open Banking","datePublished":"2024-05-27T10:07:21+00:00","dateModified":"2024-05-27T10:07:21+00:00","mainEntityOfPage":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/"},"wordCount":308,"publisher":{"@id":"https:\/\/ibsintelligence.com\/#organization"},"image":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#primaryimage"},"thumbnailUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/05\/wemoneyapp_logo.jpg","keywords":["Australia Fintech funding","Financial Wellness Platform","Fintech Australia","FinTech solutions","Open Banking","WeMoney"],"articleSection":["Open Banking"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/","url":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/","name":"WeMoney secures $3m and teams with Mastercard for Open Banking","isPartOf":{"@id":"https:\/\/ibsintelligence.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#primaryimage"},"image":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#primaryimage"},"thumbnailUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/05\/wemoneyapp_logo.jpg","datePublished":"2024-05-27T10:07:21+00:00","dateModified":"2024-05-27T10:07:21+00:00","description":"WeMoney, an Australian financial wellness platform, has completed a $3 million fundraising round to fuel Open Banking.","breadcrumb":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#primaryimage","url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/05\/wemoneyapp_logo.jpg","contentUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2024\/05\/wemoneyapp_logo.jpg","width":200,"height":200,"caption":"WeMoney, Financial Wellness Platform, Fintech Solutions, Fintech Australia, Open Banking, Australia Fintech funding"},{"@type":"BreadcrumbList","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/wemoney-secures-3m-and-teams-with-mastercard-for-open-banking\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ibsintelligence.com\/"},{"@type":"ListItem","position":2,"name":"WeMoney secures $3m and teams with Mastercard for Open Banking"}]},{"@type":"WebSite","@id":"https:\/\/ibsintelligence.com\/#website","url":"https:\/\/ibsintelligence.com\/","name":"IBS Intelligence","description":"Financial Technology News & FinTech Research","publisher":{"@id":"https:\/\/ibsintelligence.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibsintelligence.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibsintelligence.com\/#organization","name":"IBS Intelligence","url":"https:\/\/ibsintelligence.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/","url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png","contentUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png","width":299,"height":80,"caption":"IBS Intelligence"},"image":{"@id":"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ibsintelligence.cmc\/","https:\/\/x.com\/IBSIntelligence","https:\/\/www.instagram.com\/ibsintelligence\/","https:\/\/www.linkedin.com\/company\/ibs-intelligence\/","https:\/\/www.youtube.com\/channel\/UCLkzPazySerR8DzKFeFFGmw"]},{"@type":"Person","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/c6f14d3dd18e4abfeddc79cebe8d5bbd","name":"Gloria Mathias","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e1431e1cd0ffb7b74b99bd17bf470e0be4a0a275ef2c13b30e5d8e49bbbe212f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e1431e1cd0ffb7b74b99bd17bf470e0be4a0a275ef2c13b30e5d8e49bbbe212f?s=96&d=mm&r=g","caption":"Gloria Mathias"}}]}},"_links":{"self":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/ibsi_news\/558757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/ibsi_news"}],"about":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/types\/ibsi_news"}],"author":[{"embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/users\/35800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/media\/558758"}],"wp:attachment":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/media?parent=558757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/categories?post=558757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/tags?post=558757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}