Perth-based fintech Moneycatcha, which provides open banking solutions under its Stryd brand, has appointed Tim Alexander and Lawrie Tremaine (pictured above, left to right) as non-executive directors.
Alexander, co-founder of Judo Bank, joins as director, while Tremaine, former CFO of Origin Energy, takes on the role of non-executive director and chair.
“Tim and Lawrie are key appointments to the Moneycatcha board as they bring an incredible depth and breadth of experience in the finance and energy industries respectively,” said Ruth Hatherley, Moneycatcha’s founder and CEO.
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Capital raise targets CDR opportunities
Moneycatcha has secured $1.5 million in funding from its latest capital raise, managed by Maiden Capital and supported by both existing and new investors.
The funds will be used to accelerate growth, especially in light of renewed momentum in Australia’s Consumer Data Right (CDR).
“We are accelerating our growth plans in response to market opportunities, backed by a fresh funds injection,” Hatherley said.
As Australia’s CDR framework continues to evolve, with non-bank lending set to join in 2025, Moneycatcha is positioned to help brokers and lenders adapt.
“The role of the mortgage broker is changing towards being a trusted credit adviser,” Hatherley said. “Lawrie and Tim’s backgrounds are perfect for Moneycatcha, given our vision to deliver open data technology to brokers and lenders.”
Moneycatcha to drive market competition
Alexander expressed his excitement about joining the team, saying, “Fintech is a vibrant space that is driving competition in the financial services market by fostering product innovation and streamlining time-consuming processes.”
Similarly, Tremaine shared his enthusiasm: “Moneycatcha’s vision and mission are compelling and align with my own commitment to do better for people and planet by unlocking the power of open data technology.”
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