Tagged: australia

H2 Ventures Receives $2 Million Loan Guarantee From Jobs For NSW to Create 400 New Jobs for 40 Fintech Startups

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Australia’s startup accelerator H2 Ventures is set to receive a $2 million loan from Jobs for NSW. The funds will reportedly give H2 Ventures access to a $4 million loan from Investec Australia, along with helping the accelerator create 400 jobs for 40 fintech startups in… Read More

Sportfunder Forms Partnership With Pozible For Asia-Pacific Exposure Expansion


On Wednesday, Kiwi-based crowdfunding platform Sportfunder announced it formed a partnership with Australian funding portal Pozible as it prepares to expand its Asia-Pacific region exposure. Sportfunder, which was founded in 2012 by Craig Williamson, is an international crowdfunding platform that is designed to specifically assist… Read More

ASIC Announces Licensing Exemption For Fintech Businesses

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On Thursday, the Australian Securities and Investment Commission (ASIC) announced a licensing exemption that will allow eligible financial technology (also known as fintech) businesses to test certain specified services without holding an Australian financial services or credit license. According to the ASIC, the fintech licensing… Read More

Australian Fintech Startup Unkapt Launches in S.E. Asia


Unkapt, an Australia-based fintech startup, announced this week it is launching in Southeast Asia. The company stated it is an alternative lending, cross-border capital raising platform offering APAC small and lower middle market issuers (SMEs) the opportunity to use innovative financing to raise capital among a network… Read More

Australia Fintech Company Inamo Announces Partnership With Oberthur Technologies


Australian fintech company Inamo and French embedded security software product provider Oberthur Technologies (OT) announced on Thursday they formed a partnership. OT is set to provide its digital payment enablement technology to Inamo’s wearable solutions, which includes the company’s new product, CURL. Sharing details about… Read More

Australia: Fintech Sector Profile & Landscape (Infographic)

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Accompanying the Fintech Australia Census 2016, published by EY and Fintech Australia, were several infographics highlighting the emerging Fintech ecosystem in Australia. One of the visualizations involved “Fast Facts” which included some interesting data points. The largest sector concentration is in Lending at 25% Personal finance… Read More

EY Publishes Fintech Australia Census: A Tier One Fintech Nation

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EY has published the first Fintech Australia Census.  The report is designed to be the “most detailed and comprehensive analysis of the Australian Fintech ecosystem.” The document was produced in concert with Fintech Australia, the advocacy group created to help boost utilization and awareness of Fintech…. Read More

Finally. Australian Parliament Re-Introduces Crowdfunding Legislation


The Australian House of Parliament has re-introduced legislation to improve the environment for investment crowdfunding. The bill, or Corporations Amendment (“Crowd-Sourced Funding”) Bill 2016, has been widely anticipated to begin the legislative process this year.  The bill was introduced by the Treasurer, Scott Morrison, MP…. Read More

FinTech Australia Receives $200,000 Funding Grant From Federal Treasury


FinTech Australia, a national association for the Australian FinTech Startup community, announced earlier this month it received a $200,000 funding grant from the Federal Treasury. This news comes just a few months after the organization secured $300,000 from Launch Victoria. Federal Treasurer Scott Morrison MP revealed details… Read More

Australian Treasurer Promotes the Benefits of Fintech & Regtech


The debate regarding Fintech revolution almost always includes a discussion of regulation. And it should. The financial industry is one of the most regulated sectors of commerce there is. But as Fintech has evolved an emerging ecosystem of firms seeking to facilitate regulatory compliance has… Read More

Trade Me Invests $670,000 in P2P Lender Harmoney


Trade Me (ASX:TME) has purchased $670,000 woth of shares in New Zealand based P2P lender Harmoney. The investment was said to be designed to hold its stake at 14.4%. Harmoney also operates in Australia. According to a report in NBR, Trade Me purchased 1.3 million… Read More

Australian Fintecher Credit Savvy: 200,000+ Users Strong and Growing Savvier

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The Australian credit reputation website Credit Savvy announced that its platform has reached 200,000 users. The website provides Australians with free access to their Experian credit scores, monthly score updates, a knowledge center to learn about credit and a comparison tool that lets users research and… Read More

Australian Government Eyeing Big Banks to Prevent Blockchain Monopolization


The Australian Competition and Consumer Commission (ACCC), an independent arm of the Australian government that aims to regulate competition in the market and uphold national consumer law, has been closely eyeing four big banks to prevent attempts of monopolizing the blockchain industry in fintech. The banks… Read More

Australian ASIC & Canadian OSC Align to Sign Fintech Pact Reflects Commitment to Emerging Businesses


Under a new agreement, fintech companies in Australia and Ontario will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market. Signed in Toronto this week, the Australian Securities and Investments Commission… Read More

DirectMoney Secures Institutional Funding Deal for New Loans


Australian online lender DirectMoney (ASX: DM1) has secured institutional funding for loans originating on its platform, according to the company’s board of directors.   The specific details were not immediately available but reportedly contractual terms on the wholesale institutional loan funding agreement was made with… Read More

CoAssets Partners with Linca Group on EPIC China Series

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CoAssets Limited (ASX: CA8), a Singapore-based crowdfunding platform and even organizer, is partnering with the Linca Group, with the support of the Fuzhou district government, to bring their EPIC series to Fuzhou, China. Entitled “One Belt, One Road – Infinite Possibilities”, the Expo in Property, Investing and… Read More

KPMG Australia Shares Initial Results from Fintech Accelerator


KPMG Australia has released some “key takeaways” from their Fintech Accelerator mLab, a program that was launched in August this year. The approach was to match authorised deposit taking institutions with early stage Fintech firms. The accelerator program included seven Australian mutual banks and credit… Read More

Marketplace Lender DirectMoney Appoints New CEO


Australian marketplace lending platform DirectMoney has appointed Anthony Nantes as CEO. Former CEO Peter Beaumont will move into the Chief Operating Officer role. DirectMoney released a statement that Nantes will bring a set of skills that will deliver the next phase of company growth.  DirectMoney… Read More

Australia’s H2Ocean Receives Support From Various Financial Service & Technology Industry Figures


Following its official launch by Australia’s treasurer, Scott Morrison, H2Ocean Limited announced it received support from financial services figures, Link Group Chairman Michael Carapiet and Perpetual Guardian founder Andrew Barnes. Other supporters include technology industry figures Atlassian co-founder Mike Cannon-Brookes, AfterPay Executive Chairman Anthony Eisen, Ratesetter Australia… Read More