Tagged: australia

Frost & Sullivan: AUS Ripe for Fintech Opportunities, Welcomes Biometric Security, Blockchain, AI ICT Companies

Sydney Australia

Frost & Sullivan views Australia’s development as a leader in Fintech innovation will require concerted effort from government agencies and established financial institutions and will involve partnerships and research collaboration between banks and startups, presenting many diverse and lucrative growth and development opportunities for ICT… Read More

Brief: CoAssets Announces “Risk-Free Crowdfunding” Program For Australian Investors

Canada UK US New Zealand  Australia

CoAssets (NSX:CAX), launched as a real estate crowdfunding platform in Singapore, announced on Monday its new risk-free crowdfunding that is available for Aussie investors. Following last month’s launch of the CoAssets Australia website in April 2016, CoAssets revealed it is offering new users the chance to trial… Read More

Harmoney Appoints David Flacks As Chair of the Board; Announces New Director

Neil Roberts

On Monday, New Zealand’s peer-to-peer lending platform Harmoney announced that it has appointed current director David Flacks as its chair of the board and Stuart McLean will join the board as a director. According to the website, Flacks was named an independent director of Harmoney’s board just two… Read More

Pozible Teams Up With Grill’d Local Matters For New Crowdfunding Campaign in Melbourne and Sydney

Pozible 2

This weekend, Australian crowdfunding portal Pozible announced that it has teamed up with Grill’d Local Matters once again for funding projects in Melbourne and Sydney.  The funding website revealed in a recent blog post: “In 2015, Grill’d Local Matters and Pozible teamed up to discover and… Read More

Sportswear Brand SKINS Pauses Crowdfunding on Seedrs & Equitise

Jamie Fuller

Growing sports brand SKINS has placed its equity crowdfunding campaign on pause as multiple, large investors have indicated their interest in gaining a “substantial shareholding” in the brand.  The Swiss company launched a £2 million crowdfunding round earlier this year using both Seedrs in the… Read More

G&C Mutual Bank & Maritime, Mining and Power Credit Union Invest in SocietyOne

societyone-co-founders

Australian peer to peer lending platform SocietyOne has completed another funding round that was revealed last month. This time SocietyOne raised $25 million in equity capital from traditional financial firms G&C Mutual Bank and the Maritime, Mining and Power Credit Union. The transaction was reported… Read More

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