Welcome to this week's MezFi Morning Brief.
In this Friday's news round up from down under, Australian retailer bets big on
pump.fun, Aussies lock down spending in home loan dash, and farm robots receive investment windfall.
🚨Australian Company Fitell Buys $1.5M Worth of
Pump.fun Tokens to Deepen Solana Bet👇
Australian gym equipment retailer, Fitell Corporation, has announced its purchase of 216.8 million PUMP tokens valued at approximately US$1.5 million.
It follows an earlier purchase by the company of 46,000 SOL, valued at US$10 million and reflects the company’s continued pivot towards becoming a Solana Treasury Company.
The company, which is listed on the NASDAQ, now has plans to dual list on the ASX and rebrand as Solana Australia Corporation.
🚨Aussies take extreme measures to secure home loans, new data shows👇
Aussies are turning to alternative strategies to slash their home loans as the RBA holds off on rate cuts.
New research from Finder has revealed almost one in five Australians are reining in their spending to secure a home loan or pay off their mortgage.
With the RBA unlikely to provide interest rate relief until well after Christmas, Aussies are taking matters into their own hands to secure a mortgage, boost their borrowing power, or reduce their current debt.
🚨Australia’s ‘Green Bank’ CEFC Backs SwarmFarm Robotics With A$7M Series B Investment👇
Clean Energy Finance Corporation (CEFC) is putting its Powering Australia Technology Fund (PATF) to work to make farming more sustainable. CEFC has committed A$7 million to SwarmFarm Robotics to hasten the deployment of its autonomous SwarmBots, nimble farm robots built in regional Queensland and designed to slash chemical use and emissions across Australian agriculture.
The financing supports SwarmFarm’s Series B round, led by European agtech investor Edaphon and joined by an existing backer lineup featuring QIC, Emmertech, Tenacious Ventures and Artesian Capital.
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