Hello World. I have some exciting news: Cuscal Limited has successfully acquired Basiq! When you start a business, you dream of having a successful exit and retiring on a magical island. But in reality, it’s more like seeing your child grow up and leave home – a mix of sadness and pride, knowing it’s not goodbye but the start of a new chapter.
Cuscal and Basiq have entered into a binding agreement under which Cuscal will acquire a controlling interest in Basiq, subject to customary conditions. This acquisition brings positive news to the recent investment downturn and provides hope for local homegrown start-ups.
Open finance API platform, Basiq, has launched a campaign to raise awareness of the imminent risk to businesses relying on access to customer banking data via web connectors, encouraging them to make the move to Open Banking as soon as possible.
Pearler, Way Forward, The Payment App, Otivo and Fonto to access Open Banking via Basiq, becoming the first Unrestricted Accredited Data Recipient (ADR) to provide access to CDR and non-CDR data under this arrangement.
Basiq and FrankieOne are pleased to announce they have entered into a strategic partnership, combining Basiq’s financial data insights with FrankieOne’s identity, onboarding and fraud prevention solution.
We are excited to announce that Visa has invested in Basiq!
Visa’s strategic investment will accelerate our ability to meet growing API demand as the Consumer Data Right (CDR) and Open Banking plays out in the Australian market.