Change Financial Ltd
AASX:CCA0.05
AUD
+0.00
(+2.27%)
Change Financial Ltd
ASX:CCA
(Australian Securities Exchange)
Recent
price
0.05
P/E
ratio
73.83
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
USD
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Change Financial Limited is a global fintech company specializing in payment processing, card issuing, and payment testing solutions for banks and fintechs. The company offers a payments platform called Vertexon that integrates with core banking systems to deliver physical and digital card solutions including prepaid, debit, and credit cards; digital payments and wallets with Apple Pay and Google Pay integrations; and Buy Now Pay Later (BNPL) capabilities on cards without requiring third-party partnerships. Change Financial operates primarily in Australia and New Zealand as a Mastercard BIN Sponsor and card issuer, extending its services across more than 40 countries with over 150 clients in multiple industries. Founded in 2017 and headquartered in Brisbane, Australia, the company focuses on tailored payment services, card issuing, and payments testing with a mission to provide simple, flexible, and fast-to-market payment solutions. In the past 1-2 years, Change Financial has engaged in several major changes and strategic initiatives. It partnered with Mastercard and Fintech Actuator to launch an incubator program supporting Australian fintech startups in prepaid card solutions, positioning itself as a key enabler for smaller companies entering the payments space. The company also entered into a partnership with Simply Zibra, an AI-driven digital wallet, to power Mastercard card issuing that optimizes consumer payments using AI, launching this innovative product towards the end of 2023. Further expansions include onboarding new clients like Unity Credit Union in New Zealand and developing synergies with Finzsoft Solutions for core banking platforms. Change Financial completed a capital raise of approximately A$3.5 million in late 2024 to support growth, commercialized its payments and card issuing platform targeting the US market, and continues to enhance its SaaS enterprise offerings aimed at financial institutions globally. These efforts reflect a broader strategic push to expand card issuing capabilities, integrate emerging payment technologies, and support fintech innovation across key markets. Overall, Change Financial Limited operates in the financial technology sector, targeting banks, credit unions, and fintech companies with advanced payments infrastructure and card issuing services. Its product suite includes card issuing platforms, digital and mobile wallets, BNPL payment options, and comprehensive payments testing services, serving clients primarily in Australia, New Zealand, and increasingly in the US and other global markets. The company’s recent strategic alliances, capital raises, and product launches underscore its commitment to innovation and market expansion within the fintech payments ecosystem.