Technology

ANNA Money flies past 550% compound annual growth, as Aussie SMEs embrace digitised financial services

Published

1 year ago

April 8, 2025

SYDNEY, April 8, 2025 /PRNewswire/ — One year after acquiring business credit card fintech Cape, AI-powered SME fintech ANNA Money has revealed 550 percent compound annual growth and other metrics that indicate a strong shift by Australian SMEs towards digitised financial services.

ANNA Money, which has since absorbed Cape’s brand and products, revealed that volumes of SME financial transactions are now at record highs.

Total payment volume (TPV) in March 2025 ballooned 287 percent year-on-year (YoY) from March 2024, while TPV in Q1 2025 (January to March) also increased by 173 percent YoY compared to Q1 2024.

Average transaction value in March 2025 also grew 122 percent YoY from $284.43 to $631.95, signaling deeper engagement for the customers of SMEs, with businesses using cards for higher-value transactions.

Customer adoption also accelerated at an unprecedented pace, with more customers onboarded in Q4 2024 alone compared to the entire previous 9 months combined.

As a result, ANNA Money’s compound annual growth rate (CAGR) overall surged past 550 percent, placing it in the top 15 fastest growing startups in Australia.

It comes as Suncorp research shows 46 percent of SMEs reported an increase in revenue over the past 12 months, SMEs with growing profitability grew from 49 percent to 54 percent, and 65 percent of SMEs have increased their investment in digital tools and automation. It also showed that 32 percent of SMEs have expanded their workforce in the past year while only 14 percent reported job cuts, indicating a positive employment trend.

According to ANNA Money, these surging figures indicate the most positive growth surge for Australian SMEs since COVID-19 business subsidies ended, as well as a growing appetite for the digitisation of financial services by businesses.

Ryan Edwards-Pritchard, CEO of ANNA Money Australia, said: “What we’re witnessing goes beyond typical business growth—it’s a fundamental shift in how Australian SMEs are embracing digital financial services.

“It’s no secret that SMEs globally suffered in the wake of COVID. As government subsidies were switched off, companies in Australia in particular have experienced a large reset that has proven particularly challenging.

“However, since ANNA Money’s acquisition of Cape 12 months ago, we have witnessed a dramatic acceleration across all key performance indicators that also indicates that Australian SMEs are experiencing their most explosive SME rebound since COVID.

“The latter half of 2024 in particular marked this turning point, with customer adoption and transaction volumes surging to record highs, requiring us to shore up our Sydney team in order to support the exceptional growth.

“This phenomenal year-over-year growth doesn’t only solidify ANNA Money as a major fintech success story, proving the power of the strategic acquisition. It also highlights the resilience and growing strength of Australian SMEs, and the increasing demand for smarter, more flexible business credit solutions.

“We see this upward trajectory continuing at pace well into the remainder of 2025.”

With SMEs increasingly seeking AI-powered financial tools to optimise cash flow and credit management, ANNA Money is accelerating its product innovation roadmap and expanding its Australian footprint.

ANNA Money (www.anna.money or www.annamoney.au) is an AI-powered business account and tax app designed to streamline financial management for small businesses. Supporting more than 100,000 UK businesses, Anna.Money’s vision is to make life easier for small businesses owners, to take away boring admin so they can focus on growing their businesses. From generating invoices on command to chasing payments, receipt scanning and helping to set aside the right amount of money for tax.

Founded with the aspiration, ‘absolutely no nonsense admin’ Anna.Money’s name and mission were born, winning “Best Application of AI or ML in Financial Services” at the 2023 Card and Payments Awards. The company continues to pioneer the use of AI, machine learning and Large Language Models (LLMs) to make things simpler and easier for small businesses across the UK, and now Australia. With the acquisition of Cape, Anna.Money will soon add expense management and credit cards to its UK customers.

ANNA Money was in the latest Bloomberg’s 25 Startups to Watch list, ranked #26 in the Deloitte Fast 50 and #18 in the The Sunday Times 100 Tech list.

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SOURCE ANNA Money

Technology

Yon Raz-Fridman Joins Intrinsic Labs as Co-Founder and Partner

Published

3 minutes ago

April 30, 2026

Most AI companies are selling software. Intrinsic is deploying AI workers into the core operations of mid-market companies – and just brought in a serial tech entrepreneur to help the firm scale across the Heartland.

COLUMBUS, Ohio, April 30, 2026 /PRNewswire/ — Intrinsic Labs today announced that Yon Raz-Fridman has joined the firm as a Co-Founder and Partner.

Raz-Fridman has spent nearly two decades building across software, hardware, and platform businesses. Early in his career, he served as Chief of Staff to the President of Keter Group, a $1 billion-plus global consumer products manufacturer. He went on to co-found Kano, the award-winning educational computing company, and later founded Supersocial, the immersive gaming studio acquired by Super League Enterprises in 2025. He is a member of the World Economic Forum’s Technology Convergence Council.

He joins Intrinsic at a moment when mid-market companies are moving from AI experimentation to deployment. Intrinsic works with operators in logistics, construction, insurance, manufacturing, and industrial markets to deploy AI workers into the workflows that run the business – increasing throughput, reducing manual work, and expanding capacity without adding headcount.

The firm has built its reputation on practical deployments tied to real operating metrics. In one engagement with a national real estate brokerage, Intrinsic’s AI Accounting Agents reached 97% invoice coding accuracy, automated 90% of the AP workflow, and fully removed FTEs from the review flow.

“Yon understands what it takes to build and scale in the real world,” said Jon Slemp, Managing Partner at Intrinsic Labs. “Our clients aren’t buying flashy agents, they’re buying outcomes and reliable labor. They need agentic systems that take work off their teams, perform reliably, and produce measurable gains in throughput and capacity. That’s what we build.”

As Co-Founder, Raz-Fridman will oversee Intrinsic’s expansion – designing the channel relationships, institutional partnerships, and market positioning that take the firm from a proven Ohio model to the defining AI workforce platform for America’s industrial middle market.

“The companies that win over the next decade will be the ones that figure out how to staff AI into their operations and manage it like a workforce. Intrinsic is doing that work now, inside real businesses, tied to real outputs. The Heartland is exactly the right place to prove this model, and Intrinsic is exactly the right team to do it.” — Yon Raz-Fridman

About Intrinsic Labs LLC
Intrinsic Labs helps mid-market companies deploy AI workers into the workflows that run their business. The firm focuses on logistics, construction, insurance, manufacturing, and industrial markets, where manual work, fragmented systems, and labor constraints create clear opportunities for leverage. Intrinsic works with clients to put AI workers into production, tie them to operating KPIs, and help teams scale output without scaling headcount. https://www.intrinsic-labs.ai/

About Team Yon LLC
Team Yon LLC is a management company founded by Yon Raz-Fridman that incubates new ventures, provides executive leadership, and makes strategic investments at the intersection of emerging technology and human advancement. Through Team Yon LLC, Raz-Fridman partners with founders and operators across healthcare, AI, and frontier technology – including his role as co-founder and Partner at Intrinsic Labs. https://teamyon.org

Media Contact:hello@intrinsic-labs.ai

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SOURCE Team Yon LLC

Technology

Wipfli to complete CompliancePoint transaction and add associates, expanding capabilities

Published

3 minutes ago

April 30, 2026

MILWAUKEE, April 30, 2026 /PRNewswire/ — Wipfli, a top 25 national advisory and accounting firm, announced today it has entered into an agreement with CompliancePoint Inc., a provider of risk management services focused on information security, data privacy and regulatory compliance. 2 partners and 52 associates will join the firm as a result of the transaction.

Based in Duluth, Georgia, CompliancePoint brings specialization across cybersecurity, privacy and compliance, serving clients across a wide variety of industries. The addition strengthens Wipfli’s risk management offerings and expands its ability to help organizations navigate regulatory scrutiny, evolving cybersecurity threats and complex data protection requirements.

“Organizations today are under more pressure than ever to protect sensitive information and operate responsibly in an evolving regulatory environment,” said Kurt Gresens, CEO at Wipfli Advisory, LLC. “The team at CompliancePoint brings specialized experience and a strong, people-first approach that enhances how we support clients navigating today’s risk landscape.”

CompliancePoint has built its reputation on helping organizations manage risk across the full data lifecycle, with a holistic approach that recognizes how privacy, security and compliance intersect. The combined professional teams from CompliancePoint and Wipfli will deliver expanded, integrated advisory solutions designed to help clients proactively manage risk while supporting long-term growth and operational resilience.

“Wipfli shares our commitment to practical, client-focused solutions and long-term relationships,” said Greg Sparrow, CompliancePoint president. “Together, we’re expanding the resources available to our clients while continuing to deliver the specialized experience and trusted relationships they rely on.”

The addition of the CompliancePoint team also supports Wipfli’s continued investment in talent and innovation. CompliancePoint associates will join a national firm that emphasizes collaboration, professional development and meaningful client impact, while maintaining the specialized focus that has defined their work.

The transaction is expected to become effective on May 1st, 2026

About Wipfli

Wipfli is a leading national advisory and accounting firm with nearly 100 years of experience serving ambitious middle-market organizations. We understand our clients’ unique challenges and help them succeed on their terms through assurance, tax, advisory, outsourcing and technology services. With 3,000+ associates and global alliances, we combine national capabilities with local relationships. Wipfli operates under an alternative practice structure: Wipfli LLP, a licensed CPA firm, provides attest services, while Wipfli Advisory LLC, a non-CPA firm, delivers business advisory and non-attest services. Learn more at wipfli.com or contact Alicia O’Connell at alicia.oconnell@wipfli.com.

Media Contact

Alicia O’Connell
Wipfli
alicia.oconnell@wipfli.com

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SOURCE Wipfli

Technology

Ginkgo Bioworks Announces Date of First Quarter 2026 Results Presentation

Published

4 minutes ago

April 30, 2026

Presentation and Q&A session scheduled for post-market on Thursday, May 7, 2026

BOSTON, April 30, 2026 /PRNewswire/ — Ginkgo Bioworks Holdings, Inc. (NYSE: DNA, “Ginkgo”) today announced that it plans to host a presentation and Q&A session reviewing business performance for the first quarter ended March 31, 2026, on Thursday, May 7, 2026, beginning at 4:30 p.m. ET.

The presentation details and webcast link will be available on Ginkgo’s investor relations website at https://investors.ginkgobioworks.com, and a replay will be made available.

To ask a question ahead of the presentation, please submit them to @Ginkgo on X (hashtag #GinkgoResults) or by sending an e-mail to investors@ginkgobioworks.com.

About Ginkgo Bioworks
Ginkgo Bioworks builds the tools that make biology easier to engineer for everyone. The company offers autonomous laboratories that replace manual laboratory work with robotics in the lab, greatly improving the productivity of scientists. Ginkgo’s in-house autonomous lab is also available as a “cloud lab” through our Datapoints and Solutions contract research services. For more information, visit ginkgobioworks.com and ginkgobiosecurity.com, read our blog, or follow us on social media channels such as X (@Ginkgo and @Ginkgo_Biosec), Instagram (@GinkgoBioworks), Threads (@GinkgoBioworks), or LinkedIn.

Ginkgo Bioworks Contacts:

INVESTOR CONTACT:

investors@ginkgobioworks.com

MEDIA CONTACT:

press@ginkgobioworks.com

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SOURCE Ginkgo Bioworks