" Australia-based fintech firm Digital X will focus on its app-based cash remittance product AirPocket after raising AUD1.6m ($1.2m) in equity and reshuffling its top personnel. Chairman Leigh Travers will assume the role of CEO after the departure of co-founders Alex Karis and William Brindise. " Today marks a new chapter for Digital X," Travers said. "From here the pure focus is delivering the AirPocket product and on our mission of delivering low-cost financial services to the people that most require them. " The company has raised AUD $16.5m, including an undisclosed amount from angel investors such as Peter Thiel and Tim Draper, with additional funding coming from existing investors.
Australia-based fintech firm Digital X will focus on its app-based cash remittance product AirPocket after raising AUD1.6m ($1.2m) in equity and reshuffling its top personnel. Chairman Leigh Travers will assume the role of CEO after the departure of co-founders Alex Karis and William Brindise. " Today marks a new chapter for Digital X," Travers said. "From here the pure focus is delivering the AirPocket product and on our mission of delivering low-cost financial services to the people that most require them." The company has raised AUD $16.5m, including an undisclosed amount from angel investors such as Peter Thiel and Tim Draper, with additional funding coming from existing investors.