Tagged: australia

VentureCrowd Closes Clearstate’s Sydney Resident Property Deal After Securing $1M in Four Hours

Rob Nankivell

On Tuesday, Australia’s equity crowdfunding platform VentureCrowd announced the closing of Clearstate’s recent deal, which secured $1 million in four hours. The end-to-end property development company took to the funding portal to raise $900,000 for residential property development in Sydney. According to a press release provided… Read More

First “Peer to Peer” Bank Leaves Stealth Mode as it Raises $6 Million

Dinosaur Bank

“This is at the heart of reinventing the business model for financial services. It means challenging the existing models for investment management, marketing, pricing, sales and even customer support, to better align interests between the business and its customers. We want to ensure that we… Read More

Brief: Australian Lender Marketlend Nabs $1M in Round Led by Barlow and Szeszkowski

australia banknotes wallet

Australian online lender Marketlend announced that the platform raised $1 million investment in a round lead by fintech entrepreneur Jon Barlow and former KKR Director and Borland Capital founder Mati Szeszkowski, according to Reuters.  The lender will use the new windfall to further automate its technology systems and… Read More

Paul Niederer Appointed Wealth Migrate Australia CEO

Paul-Niederer asks questions

Paul Niederer, former CEO of ASSOB, has been appointed CEO of Wealth Migrate’ Australian agency. Wealth Migrate is a global real estate crowdfunding platform. Niederer is a well-known proponent of internet finance having traveled the world on behalf of ASSOB – an early pioneer of… Read More

Australian Crowdfunding Legislation May Be Top of the List After Elections

Australia Money

Expectations were high earlier this year as Australia appeared poised to enact legislation to improve the environment for investment crowdfunding to occur in a more liberalized environment. Yet the proposal by policy makers had come under pointed criticism.  Eventually the bill “lapsed at dissolution” in… Read More

CoAssets Expands: Opens Second Singapore Office

Getty Goh and Jeffrey Chi

On Tuesday, real estate crowdfunding platform CoAssets (NSX:CAX) announced it is expanding its operations by opening a second office in Singapore. This news comes just a couple months after the portal revealed details about its Australia expansion. Co-founder and CEO of CoAssets, Getty Goh, stated: “A series… Read More

Flow Hive Wins Australia Good Design Award for 2016

Flow Hive 1

Flow Hive, the most successful campaign ever on Indiegogo, has received the coveted Good Design Award for 2016. Quite an accomplishment for a project that hoped to raise just $70,000. Flow Hive closed on Indiegogo having raised $12,489,141 on April 20, 2015.  Backers number over 37,000 and is… Read More

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