RedOwl Raises A$5.3M in Seed Funding at Nearly A$40M Valuation

Fintech News Australia reports that Melbourne fintech RedOwl has raised A$5.3 million in seed funding, led by Sydney venture firm Tidal Ventures with participation from CP Ventures. Citing The Australian Financial Review, the article reports a valuation close to A$40 million.

The coverage explains how RedOwl helps businesses spot and stop margin leakage, including suppliers charging more than the agreed price, work delivered but never billed, and spending that falls outside company policy.

RedOwl plans to use the capital to improve its platform and grow its client roster, which includes Aussie Broadband and Vicinity Centres. The article also covers the company’s partnership with Mastercard through its global startup programme.

Read the original article, RedOwl Raises A$5.3M in Seed Funding at Nearly A$40M Valuation, on Fintech News Australia.

Cover artwork: Fintech News Australia, based on imagery from RedOwl and Magnific.