Tagged: australia

LendInvest Acquires £40 Million Warehouse Facility from Macquarie

Christian Faes & Ian Thomas - LendInvest - March2016

LendInvest, the leading property marketplace lending platform, has received a £40 million warehouse facility from Macquarie.  The funding will be dedicated to bridge  and buy-to-let loans. The financing from Macquarie brings institutional investment for LendInvest to £230 million.  Macquarie, based in Sydney Australia, is a… Read More

Open For Business: Tilt Launches Out of Beta in Australia

Tilt

On Tuesday, Tilt announced that it was making its official debut in Australia. This news comes nearly six months after the crowdfunding platform revealed it was preparing for its global launch. Tim Ryan, head of international at Tilt, stated: “Australia was the perfect market to launch… Read More

CoAssets Raises Funding for First Aussie SME

Getty Goh and Jeffrey Chi

CoAssets (NSX:CAX), launched as a real estate crowdfunding platform in Singapore, has successfully raised capital online for an Australian SME, according to a report in the Australian Financial Review. In July of 2015, CoAssets became the first Southeast Asian investment platform to publicly trade shares… Read More

Brief: Investment Crowdfunding Bill Dies in Australian Senate

Kangaroo Australia

The Crowd-Sourced Funding bill, Australia’s push for a legislative update for investment crowdfunding regulations, has silently died in the Aussie Senate.  The legislation is listed as “lapsed at prorogation” on the Senate website.  The proposal had endured sector criticism with one industry participant calling the… Read More

SocietyOne Tops $100 Million in Loans, Closes $25 Million Funding Round

Jason Yetton

SocietyOne, has now originated over $100 million in loans according to a release by the company this week.  SocietyOne is the largest Aussie marketplace / P2P lending platform. Australia’s “first” marketplace lending platform has also closed a $25 million funding round, according to a report… Read More

Frost & Sullivan: Fintech Market Growth to Add A$1B New Value to Australian Economy by 2020

stone & chalk

Frost & Sullivan’s latest study, “Fintech in Australia – Trends, Forecasts and Analysis 2015 – 2020″ forecasts that the Australian Fintech Sector will grow at a CAGR of 76.36% and reach A$4.2 billion by 2020; of which A$1 billion will be completely new added value to… Read More

Australian Fintech Update: Beyond Bank & Avoka Celebrate Celent Model Bank 2016 Award Win

Australia Money

  Beyond Bank, one of Australia’s largest customer owned banks, has achieved recognition as a Celent Model Bank for 2016. The award was made for its omni-channel customer engagement platform, designed and delivered by Avoka, the leader in digital customer acquisition for financial services. The… Read More

Marketplace Lender ThinCats Secures Fat $10M Debt Injection from ESF Capital; Sets New Goals

sunil aranha

Online business marketplace lender ThinCats Australia hopes to lend $100 million by the end of 2017 after a much needed debt injection of $10 million by UK fund ESF Capital, the new controlling shareholder of ThinCats UK, reported The Sydney Morning Herald. UK fund ESF Capital took a 74 per cent… Read More

DirectMoney’s Quarter Report Reveals: Loans Settled Up Nearly 30%

Peter Beaumont

Australian marketplace lender, DirectMoney (ASX:DM1), announced last week that there has been significant growth in new loan originations this past quarter, which ended on March 31st. DirectMoney revealed during the quarter $4.71 million of loans to 219 borrowers were settled, a 48% increase on the prior quarter…. Read More

Frost & Sullivan: Australia’s Future $4B Fintech Market Offers Lucrative Opportunities and Profits

Audrey William

Resisting Fintech disruption amounts to a loss of $13 billion in aggregated revenues, according to Frost & Sullivan The Australian Banking sector is heavily regulated to prevent monopolies and collapses, and is guided by the Four Pillars Policy of the Australian Government which maintains the viability and separation of… Read More

Australian Government Forms Innovation Committee in Cabinet, Will Boost Fintech Development

malcolm turnbull and barack obama

As we reported late last month, the Australian government has published a document on Fintech outlining the intent of the Turnbull administration to aid financial innovation.   The policy paper was presented by Aussie Treasury Scott Morrisson as a solid sign of the changing forces… Read More

Australian Fund Led by Goldman and Bain Alums Buys Up US P2P Loans

Australia Money

Global Credit Investments has called itself the first Australian fund to invest in peer-to-peer loans, according to The Sydney Morning Herald.  The small fund, set up by former Goldman Sachs banker Steven Sher and former Bain & Co consultant Gavin Solsky, is the latest of a new breed of financial intermediaries which has been buying loans American… Read More

Australian Government Embraces Fintech, Seeks to “Prepare for the Financial System and Economy of the Future” (Document)

Australia Money

A growing number of governments are seeking to provide political might to support financial innovation.  While the UK may have trailblazed a path for the rest of the world, there is still time to catch up but without governmental acknowledgement it is pretty tough to… Read More

UK FCA & Australian Securities and Investments Commission Will Support Innovative Fintech Firms with Unique Agreement

i love fintech

The UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have inked an agreement to support innovative businesses seeking to gain entrance into each others markets.  The unique arrangement will see financial regulators looking to reduce bureaucratic red tape to help… Read More

Asia Pacific Research: Dramatic Growth in Alternative Finance is Fueled by Huge China Market

South East Asia at Night

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

CoAssets Set to Expand: Announces Australia Operations

CoAssets EPIC Malaysia 2015

On Friday, CoAssets (NSX code: CAX), a Singapore-based crowdfunding platform, announced it was kicking off its Australia operations. The company will commence, through its Australian subsidiary, business crowdfunding in the June quarter, in addition to real estate crowdfunding. CoAssets revealed that while it has already been able… Read More

Australian Small Business Lender Kikka Capital Signs New Deal With Qantas’ Acquire

Milko Radotic

On Thursday, Aussie-based small business lender, Kikka Capital, announced it has signed a new deal with Qantas‘ SME rewards program, Acquire. Kikka will reportedly be joining more than 35 existing Acquire partners including telecommunications and hotel firms. Sharing details about the deal, Kikka Capital CEO Milko Radotic stated: “We… Read More

Paul Niederer Calls Australian Crowdfunding Legislation a “Complete Mismatch”

Paul-Niederer asks questions

The Australian Senate referred the provisions of the Corporations Amendment Bill 2015 (or Crowd-sourced Funding as it is called)  to the Economics Legislation Committee for inquiry and report by February 22nd, which was then extended until February 29th. The proposed bill has come under pointed criticism… Read More

Update: Australia’s Estate Baron Lowers Minimum Investment to $2,000; No Limit On Number Of Participating Investors

moresh kokane

Estate Baron, an Australian real estate crowdfunding platform, now has no limit on the number of investors that can participate, which has allowed the company to bring the minimum investment down to $2,000. Founder Moresh Kokane explains this means Estate Baron has made one of the first… Read More