Tagged: australia

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

Beyond Bank Snags A$1.5M SocietyOne Equity, Moves into Fintech


Beyond Bank Australia has announced its equity stake in SocietyOne, reported Australian Broker, having acquired A$1.5 million worth of shares in marketplace lender, as well as agreeing to increase its funding arrangement to A$10M. Earlier this year, SocietyOne raised A$25M capital from traditional financial firms G&C Mutual Bank and the Maritime, Mining… Read More

Executive Shakeup at SocietyOne as Founders Take on New Roles

Jason Yetton

SocietyOne, Australia’s largest marketplace lending platform, has rearranged the executive bench according to multiple reports. Founders Co-founders Matt Symons and Greg Symons (not related) have recently updated roles. Matt Symons will now become a non-executive director of the online lending firm. He is currently listed as… Read More

IPO: Equitise Lists H2Ocean Limited Offer on Crowdfunding Platform


Equitise’s First Big Syndicated Transaction. H2Ocean Limited is in the process of doing an initial public offering (IPO) in Australia.  The shares are expected to list on the ASX this coming October. As part of the process, H2Ocean is offering shares via an offer on Equitise –… Read More

CommonWealth Bank & Barclays Team Up To Help Customers Move Funds Between Australia & the UK


On Friday, Commonwealth Bank of Australia (CBA) and Barclays announced they formed a partnership to allow users of both their apps, CommBank app and Pingit, to move money between Australia and the UK. The two companies have reportedly worked together to connect each of their payment… Read More

New Zealand Online Lender Harmoney Tops $300 Million in Less than 2 Years

Harmoney $300 Million

Harmoney, a New Zealand based peer to peer lending platform, has surpassed $300 million in lending just shy of their 2 year anniversary of consumer lending. According to their website, Harmoney’s bulk of borrowing has been for debt consolidation.  Interest rates start at 9.99% today. Lenders… Read More

CoAssets Successfully Lists on Australia’s Securities Exchange

CoAssets EPIC Malaysia 2015

Singapore-based crowdfunding platform CoAssets announced on Monday it has officially listed on the Australian Securities Exchange Ltd (ASX). This news comes after the funding portal raised  S$6.72 million (A$6.55 million)1 under its Public Offer at an issue price of S$0.41 (A$0.40) per share. The company revealed… Read More

Australia’s H2 Ventures Files Prospectus for New Fintech Investment Venture “H2Ocean”

Australia Money

Australia’s accelerator H2 Ventures announced this week it has filed a prospectus with the country’s securities regulator for its new fintech investment venture, H2Ocean. The company is seeking to raise a minimum of $27.5 million (max $55 million) and it will also be looking to obtain a… Read More

Real Estate Agents Disrupted: PurpleBricks Expands into Australia

Michael Bruce

  Purplebricks Group (AIM: PURP), a UK-based hybrid estate agent providing a new way to buy, sell or let property, has launched its business in Australia, 28th August 2016, with an initial regional focus on Melbourne and Brisbane before rolling out nationally. CEO Michael Bruce… Read More

Fintech Australia Receives $300,000 from Launch Victoria, Will Help With Forthcoming Fintech Summit

Philip Dalidakis

Fintech Australia has received a sizeable grant from LaunchVic in the amount of $300,000. The funding comes at a great time as Fintech Australia is gearing up for its inaugural Fintech Summit that is scheduled to occur this coming November. Fintech Australia is partnering with… Read More

Three Chinese Fintech Firms Incubate in Australia as Part of Fintech Asia Program

Australia Money

The Turnbull government announced in February of this year their intent to establish Australia as an Asia-Pacific hub for Fintech. The Hon. Scott Morrison MP said at that time; “FinTech will have an important role to play in Australia’s innovation future, that’s why the Turnbull Government… Read More

SocietyOne CEO Jason Yetton: in 2016 AUS$50M in Personal Loans and Counting

Jason Yetton

SocietyOne chief executive Jason Yetton, a former senior Westpac banker newly hired in March, shared some exciting updates with the Sydney Morning Herald: since the beginning of 2016, the Australian P2P lender has arranged AUS$50 million in personal loans on its online platform, nearly double the AUS$26 million of new lending in the December half of… Read More

CoAssets to Target Smaller Developers, Expects to List on ASX this Month

EPIC 2015 CoAssets

Singapore-based crowdfunding platform CoAssets is preparing to list on the Australian Securities Exchange (ASX) later this month. CoAssets is already traded on the NSX (CAX) but the move up to the primary exchange is viewed as enhancing credibility for the investment platform.  CoAssets is already… Read More

Australian SME Lender Bigstone Receives $3 Million in Seed Funding

Stone Rock Mountain

Bigstone has announced $3 million in equity funding led by CVC Limited and the founders of Lighthouse Venture Partners along with participation from Australian private investors. This is the first funding round for Bigstone an SME lending platform that launched this past June. The peer… Read More

Brief: Westpac Pumps Additional AUS$50M into Reinventure Fintech Venture Fund

Gary Thursby

Westpac announced another AUS$50 million commitment into a second fund to be managed by Reinventure Group, according to a release. Reinventure, cofounded by Danny Gilligan and Simon Cant, makes investments from Seed through to Series A and up, with a particular focus on disruptive technologies with a direct… Read More

ParrotDog Announces Upcoming PledgeMe Initiative For New Lyall Bay Brewery

ParrotDog 3

On Thursday, Wellington-based brewing company ParrotDog announced its upcoming PledgeMe initiative. The company will be seeking between $1.2 million and $2 million for its new Lyall Bay brewery.  Founded in 2011 by Matt Stevens, Matt Kristofski, and Matt Warner, ParrotDog is described as one of the “leading” craft breweries… Read More

TechSydney Raises Over $400,000 on Pozible & Named Biggest Ever Non-Profit Campaign on the Platform


This week, Pozible announced TechSydney has been dubbed its biggest non-profit campaign after it raised over $400,000 within two weeks. TechSydney is notably on a mission to make Sydney a top 10 tech ecosystem. It shared that while it seems as though the city’s tech… Read More

Renaissance Australia: 10 Australian Startups, Including Fintech & Cybersecurity, Join Tel-Aviv Accelerator Program

Australia 100 Dollars Money

Earlier this week, StartUpIsrael reported that 10 Australian startups from Fintech and cyber security are joining a Tel-Aviv accelerator program. Dave Sharma, Australia’s ambassador in Tel Aviv, told StartUpIsrael; “Australia is seeking to become a more innovative and entrepreneurial economy. We have been blessed with natural resources,… Read More