About ASL
ASL is a company based in Sydney (Australia) founded in 1993 was acquired by Saxo Payments Banking Circle in December 2024. It operates as a FinTech, and Managed Services. ASL offers products and services including Real Time Payments, Traditional Payments, Cards Acquiring, and Financial Crimes Solutions. ASL operates in a competitive market with competitors including Square, Flutterwave, ACI Worldwide, XTransfer and UnionPay Intl, among others.
- Headquarter Sydney, Australia
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Australian Settlements Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Employee Count
Employee Count
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Acquired by
Saxo Payments Banking Circle
(Dec 01, 2024)
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Products & Services of ASL
ASL offers a comprehensive portfolio of products and services, including Real Time Payments, Traditional Payments, Cards Acquiring, and Financial Crimes Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Real-time payment processing is provided for instant transactions.
Traditional payment methods are supported for various transactions.
Card acquiring services are offered for business payments.
Solutions for financial crime prevention are provided to clients.
Funding Insights of ASL
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ASL
ASL has secured backing from 1 investor. Prominent investors backing the company include Saxo Payments Banking Circle. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Open banking APIs are supplied to banks and financial institutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by ASL
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ASL
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Asl Comparisons
Competitors of ASL
ASL operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Square, Flutterwave, ACI Worldwide, XTransfer and UnionPay Intl, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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POS solutions are provided for retail businesses.
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Provider of payment processing solutions for businesses
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Digital payments are processed and managed via specialized solutions.
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Cross-border payment platform is provided for global trade and suppliers.
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Mobile and online payment solutions are provided for banks.
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Software for banking and payments solutions is developed and integrated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Asl
Frequently Asked Questions about ASL
When was ASL founded?
ASL was founded in 1993.
Where is ASL located?
ASL is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Who is the current CEO of ASL?
Mark Tibbles is the current CEO of ASL.
What does ASL do?
ASL, part of the Banking Circle Group, is focused on providing smart and sophisticated real-time payment solutions with global reach. For over 30 years, the company has been a key player in Australian payments technology, serving banks, FinTechs, payment businesses, and marketplaces. Solutions offered include real-time payments, traditional payments, card acquiring, and financial crime prevention. Regulated by APRA as an official banking institution, ASL ensures security and compliance while supporting end-to-end global processing through cutting-edge technology designed for the digital economy.
Who are the top competitors of ASL?
ASL's top competitors include Flutterwave, Square and ACI Worldwide.
What products or services does ASL offer?
ASL offers Real Time Payments, Traditional Payments, Cards Acquiring, and Financial Crimes Solutions.
Who are ASL's investors?
ASL has 1 investor. Key investors include Saxo Payments Banking Circle.
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