Australian fintechs were the darlings of this week’s funding rounds, with three fintechs bringing in more than $621 million. Here is Bank Automation News’ funding roundup for the week ended Oct. 8.
BNPL Openpay raises $271.4 million

Openpay led the charge, raising $271.4 million debt funding from the Goldman Sachs Group and investment firm Atalaya Capital Management. The money will fund the upcoming launch of the buy now pay later (BNPL) fintech in the United States.
The BNPL vendor lets customers pay in interest-free installments. It’s available for retail, health, automotive and home improvement expenditures, among others. Openpay plans to distribute its services through payment processors and merchant aggregators, Brian Shniderman, U.S. chief executive officer for Openpay, told Reuters.
Timelio secures $270 million for warehouse
The Melbourne-based Timelio secured up to $270 million for its warehouse funding facility, which was led by Goldman Sachs, with participation from unnamed previous investors in the Timelio Capital Fund. The warehouse will support Timelio’s next phase of growth and help scale the business, according to the company.
Timelio is a business invoice finance solution that offers working capital for businesses using as security. It has provided $1.5 billion in funding to Australian business owners since it launched in 2015, according to the company.
Till Payments raises $80 million
Finally, Sydney-based Till Payments raised $80 million in its series C funding round, with new and existing investors in both Australia and U.S., including Avenir Growth, Woodson Capital, Akuna Capital and Regal Funds Management. This brings the company’s total investments to $105 million.
The fintech offers a single -source solution that allows merchants to accept any payment form online or in-store. The company plans to use the funding to build up its U.S. team and expand to other markets, including the U.K., Europe and Asia-Pacific regions. In its funding announcement, the company also revealed it has hired Tom Tucker as regional director to spearhead Till’s U.S. expansion.
Bank technology plays
State Street will be the back-office servicing agent for Harbor Capital Advisors’ first actively managed fixed income exchange-traded funds, the bank announced Thursday.
As part of the agreement, State Street will provide various ETF servicing solutions, including basket creation, dissemination and settlement, custody, fund accounting, N-PORT production, order-taking and transfer agency.
Harbor Capital Advisors launched the two funds — the Harbor Scientific Alpha Income ETF (SIFI) and the Harbor Scientific Alpha High-Yield ETF (SIHY) — in September.
In addition to the recent expansion into ETF servicing, State Street provides custody, fund accounting and N-PORT on $58 billion in assets under custody administration for Harbor Capital Advisors.






