News and Announcements
Pelikin Partners with Fundsquire to Secure Growth Funding
- Published March 04, 2020 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
The financial and travel technology startup has partnered with Fundsquire to fuel its operations and growth in 2020. Fundsquire provides advanced research & development funding for growing and innovative companies such as Pelikin.
The timing of this partnership with Fundsquire could not have been more perfect for the young startup who by accessing the quick, easy and cost-effective funding source were able to concentrate on the growth of its value proposition and its customer base, which has now taken the Pelikin Travel Card to over 60 countries across the globe.
As a result of the newly identified funding source, the Pelikin board has decided to make some amendments to its currently live capital raising offer. It is expected that towards the end of March 2020 a fresh investment offer and relevant materials will be made public for all to review via the CRIISP Platform or by corresponding directly with the company.
An overhaul of the Pelikin CRIISP Profile is underway to include product growth, team additions and further details on the strategic growth plans of the company.
It has been an explosive start for Pelikin in 2020, having seen acquisition and transaction volumes increasing across the board, as well as growth of ancillary product offerings such as its own Travel Insurance product and a Discounts Marketplace (aka Squad Perks).
Following its late 2019 public launch Anthony Jones, Visa’s Head of Innovation and Partnerships, Australia, New Zealand and South Pacific said, “Australians are known for their love of travel and their appetite for innovation. Today’s news from Pelikin speaks to both of these, and we’re excited to work with the team as they continue to find ways to enhance the travel experience through convenient and secure payment solutions”.
Expect more partnership announcements in the coming weeks as Pelikin looks to impact the travel and travel money market in the lead up to the seasonally driven peak travel period.
More on Pelikin click here.
More on Fundsquire click here.
About Pelikin
Pelikin is a multi-currency free banking app and pre-paid Visa card for young travellers. It helps millennials spend, send and manage their cash money overseas, without bank fees or annoying red tape. After nailing down partnerships with Heritage Bank (ADI) and Visa, and following a successful global product beta, the Melbourne fintech is set to launch in Q4 2019.
Company Updates
The Ferrari of Immunotherapy: Chimeric’s High-Stakes Race to Cure Cancer
In the high-stakes world of biotechnology, the most sophisticated weapon against cancer isn’t a new chemical compound but the patient’s own immune system, re-engineered with the precision of a high-performance engine. “This particular CAR T is like a Ferrari,” says Dr. Rebecca McQualter, CEO of Chimeric Therapeutics (ASX: CHM). “It’s got two big engines on […]
From Algae Pioneers to a Natural Revolution: The Second Act of WRS Bioproducts
As the US FDA prepares to phase out synthetic food colors by the end of 2026, WRS Bioproducts is stepping in to solve a looming supply crisis. Led by industry pioneer Harry Rosen, the company is leveraging 40 years of industrial algae farming expertise to scale production of natural, superior-quality beta-carotene, positioning itself as a vital supplier in the rapidly shifting global market for natural ingredients.
Dying for a Cure: Why Astraea is Stress-Testing the Future of Space Medicine
Astraea Technologies is solving a critical “blind spot” in the $1.5T space economy. Co-founders Brooke Mills and Gordon Carroll discuss their $5M seed raise, the HIRO-LAB platform, and their upcoming 2028 mission to the Moon to validate life-saving medicine in extreme environments.
Backed By Leading Investment Groups and Family Offices
