Tagged: australia

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

TechSydney

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

Equitise Updates on Australia, New Zealand Crowdfunding Progress

Equitise Australia New Zealand

Equitise is a “Trans-Tasman Investment Platform” providing access to capital and unique investment opportunities to investors in New Zealand and Australia. Founded in Australia in 2014 by Chris Gilbert, Jonny Wilkinson and Panche Gjorgjevski, the investment crowdfunding platform soon added Will Mahon-Heap as the executive to… Read More

Nura Breaks Kickstarter Aussie Record: Secures Over $1.2MAUD For Innovative Headphones

Nura 2

  Nura, an Australia-based startup, has officially broken Kickstarter’s Aussie record. The company launched a campaign on the crowdfunding portal back in May for its self-titled in-ear and over-ear design headphones. The previous Aussie record was held by Knog’s bike bell “Oi,” which raised $1 million AUD… Read More

OurCrowd Launches “Our Innovation Australia Fund”

Australia Money

Global investment crowdfunding platform OurCrowd has launched a new fund targeting the early stage sector in Australia. The fund, labeled “Our Innovation Australia Fund” is an  early stage venture capital limited partnership (ESVCLP) that will benefit from capital gains and tax programs associated with investing in… Read More

Singapore: “We are Fully Committed to Building Up the Fintech Ecosystem”

Singapore at Night

During a wide-ranging speech this week at the DBS Institutional Investor Symposium, Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS), made the statement; “As a progressive and innovative financial centre, Singapore has much to offer to global investors in opening the door… Read More

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