12 hottest and fastest growing Australian fintech startups
5. Douugh
Year of establishment: 2016
Founders: Andy Taylor and Mark Taylor
CEO: Andy Taylor
About Douugh: Douugh is a next-generation neobank that proudly says that it is a tech company and not a bank. Its founders have created an AI-powered app using which users can effectively manage their money according to their saving plans and budgets. Using Douugh, customers can keep a track of their spendings (like how much they spent on fuel or food and drinks), view, pay and track bills via dedicated ‘Bill Jars’ and organize, manage and track their savings by setting aside money for what’s important. They can give its users all the amazing features of a checking account, minus the unnecessary fee.
Recent Achievements: In October 2020, neobank Douugh began trading on the Australian Securities Exchange post a reverse takeover of a fintech startup ZipTel. Douugh raised $6 million ahead of its debut on the ASX.
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