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 CEO Daniel Foggo and General Assembly Australia founder Riley Bachelor.
H2Ocean claims it is Australia’s first listed venture company giving investors a way to access the rapidly emerging fintech sector. Co-founders of H2 Ventures and H2Ocean, Ben Heap and Toby Heap stated:
“We have established H2Ocean as a listed venture company to invest in a diversified global portfolio of early and growth stage financial technology companies. These early and growth stage companies are often seeking to reshape or even disrupt the financial services sector. They look to offer new and better products, services and business models, and have the potential to become major financial services industry participants in the future.”
Earlier this month, the company announced it was offering shares via an offer on Equitise, an investment crowdfunding platform that operates in New Zealand and Australia. Equitise noted an investment in H2Ocean Limited would provide individuals access to an alternative asset class in a vehicle that will trade on the ASX- hence liquidity.
“After spending my life in financial services I am acutely conscious to the opportunities that technology change presents and this is why I am investing with Ben and Toby.”
Cannon-Brookes also commented:
“Fintech is an exciting space for Australia right now. I’m excited to be investing with H2Ocean to help make that happen.”
H2Ocean listed its investors which are Charlotte Petris (Timelio), Chris Brycki (Stockspot), Lauchlan Heussler (Spotcap), Sid Sahgal (Macrovue), Jonny Wilkinson & Chris Gilbert (Equitise), Mario Hasanakos (Spriggy), Mandeep Sodhi (Hashching), Jack Quigley (CrowdfundUP) and Jack Stevens (Edstart). Hassanakos added:
“We have had the privilege of knowing the people behind H2Ocean for almost 18 months now, they have helped us tremendously with our business and our progress as entrepreneurs. The opportunity to work with them both as an investor in our business and for us to be an investor in H2Ocean is something that is really exciting for us.”
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