Tagged: australia

Australian Fintech Airwallex Raises $100 Million Through Series C Funding Round Led By DST Global

Airwallex, an Australia-based fintech company, announced on Monday it secured $100 million through its Series C funding round, which was led by DST Global, which has previously backed internet giants Facebook, Airbnb and Spotify and fintech leaders Nubank and Robinhood. The latest round brings Airwallex’s… Read More

Binance Announces Entry in Australian Market

Cryptocurrency exchange Binance announced earlier this week its entry in the Australian market with the launch of Binance Lite, a secure platform allowing users to exchange cash for digital currency, as well as the hiring of its first Australian employee and committing its investee TravelbyBit… Read More

Online Lender Prospa Has Surpassed $1 Billion in Originations

Online lender Prospa has reported that loan originations have surpassed $1 billion. Prospa has now delivered the loans to over 19,000 Australian and New Zealand small businesses. The Fintech has also shared its top-level financial numbers. For the year ended 31 December, 2018 loan originations… Read More

Australian Police Arrest Drug Dealer, Close Two Associated Cryptocurrency Trading Platforms

Police in Australia have arrested a 27-year-old man and charged him with 14 counts related to possession and distribution of hard drugs and steroids. As a related aspect of the drug bust, police have also, “suspended the registration of two digital currency exchange businesses where… Read More

FinTech Australia Announces New Board Member Appointments

FinTech Australia announced on Thursday it has appointed three new board members, with the addition of one new board position in Queensland. According to the organization, the board will now consist of nine members split across Sydney, Melbourne, Brisbane, Adelaide, and Perth. It was then reported… Read More

WorldFirst Announces Acquisition of CurrencyVue

WorldFirst, a UK-based fintech firm that specializes in international payments, global bank account solutions, and foreign exchange, announced on Monday it has acquired Australian-based CurrencyVue. Launched in 2015, CurrencyVue reportedly has been at the forefront of innovation within foreign exchange risk management, developing a unique… Read More

New Milestone: Australian Online Purchase Platform Afterpay Hits One Millionth Customer in the U.S.

Afterpay, an Australia-based digital platform that offers interest-free installment plans for online purchases, announced on Monday it has hit one million customers in the U.S. As previously reported, Afterpay was founded in 2015 and reported its platform has grown to include more than 14,000 Australian… Read More

Australian Electronic Payments Company SimplePay Secures US$5 Million Private Capital Investment From Fluce Capital & Versatile Group

SimplePay, an electronic payments company that’s headquartered in Australia, announced on Monday it secured a $5 million private capital investment from Fluce Capital and Versatile Group. Founded in 2012, SimplePay claims it is a leading payment technology company, specializing in card payment processing around the… Read More

Digital Bank Xinja Raises $2.6 Million on Equitise

Last week, digital bank Xinja closed its second crowdfunding round on Equitise having raised $2,589,781 from 1,568 investors. The round had set a top limit of The party isn’t over until the last Xinja sings 👩‍🎤👨‍🎤🎤(invests) 3⃣hrs to go peeps! Giddy up 🏇our crowdfund closes… Read More

Huobi Crypto Trading Platform Closes Australian Office

Citing, “poor market conditions” and “recent staff redundancies” at Huobi -and eight months after opening the office- the Huobi “cryptocurrency financial services group” has announced on Huobi Australia’s Twitter account that it will be closing all departments at Huobi Australia. Huobi is a top ten cryptocurrency trading… Read More

Initial Coin Offering Consultation by the Australian Government Closes Today

The Treasury of the Australian Government launched a public consultation on the initial coin offering (ICO) marketplace in January and the process closes today (February 28th). The consultation is part of a broader policy initiative to foster innovation in the financial services industry. Like much… Read More

Records of 15 000 Heart Patients Compromised in Crypto Ransom Attack

In January, a private heart clinic located in a Melbourne’s Cabrini hospital had 15 000 patients’ medical records locked in a ransomware attack that emanated from Russia or North Korea, 9News reports. A cryptocurrency ransom to unlock the data was subsequently demanded. The records were… Read More

Data Clouds “Main Focus for Hackers Looking to Mine Cryptocurrency” Bitglass Cla

Australian cloud access security brokerage (CASB) Bitglass has published an article in Security Briefing Australia warning that “cloud resources” have become the most coveted target of hackers pervading cryptocurrency mining malware. “Cloud computing” is essentially the outsourcing of data storage to firms running large data… Read More

FinTech Australia Opens Entries For The 2019 Finnie Awards

FinTech Australia announced on Thursday it opened entries for the 2019 Finnie Awards. The organization claims that the Finnie Awards is Australia’s only industry-backed fintech awards and the event gives more than 100 fintech startups the opportunity to be recognized for their achievements. Fintech Australia revealed this… Read More

FinTech Australia Moves Beyond Disruption, Seeks Collaborative Ecosystem

FinTech Australia, the leading advocacy group for financial innovation in Australia, has changed tack. According to a widely distributed email, FinTech Australia is: “… moving past pure disruption and is starting to build a collaborative ecosystem where corporates, startups and incumbent institutions work together to foster… Read More

Globex Signs Agreement with First Growth Funds to Power Compliant Security Tokens in Australia and New Zealand

GlobexUS Holdings, parent of Horizon Globex US, has inked an agreement with First Growth Funds Limited (ASX:FGF) to power regulatory compliant security tokens in both Australia and New Zealand. First Growth Funds trades on the Australian Stock Exchange and is a micro-cap with a market… Read More

ASX-listed Company, Byte Power Group, Pays Fine to ASIC Following Launch of Crypto Exchange

The Australia Securities and Investment Commission (ASIC) has issued a statement regarding payment of a fine by Byte Power Group Limited. Byte Power, a company that is engaged in diverse businesses such as food and wine and power management, paid ASIC $33,000 after the regulator issued an… Read More

Digital Bank Xinja Tops A$ 1.6 Million, Seeks Max Raise on Equitise of A$ 4,859,800

The UK and Europe and other jurisdictions are not alone in pursuing the digital banking revoluation. In Australia, Xinja is following in the footsteps of platforms like Revolut and Monza by raising growth capital on a crowdfunding platform. Several weeks into their public campaign on… Read More

Online Lender Prospa Says its Lending Has Contributed $3.65 Billion to Australian GDP

Australian online lender Prospa has published a note reporting its services have boosted the Aussie economy by $3.65 billion in GDP. This amount apparently helps to maintain over 52,000 full-time jobs. The Fintech partnered with the RFi Group and the Centre for International Economics (CIE),… Read More

Australia-Based ReadyFundGo Launches Crowdfunding Academy

ReadyFundGo, a crowdfunding platform that claims to be Australia’s own Kickstarter, announced earlier this month the launch of its new project, Crowdfunding Academy. The Academy offers a series of workshops, webinars, and live events. Those who participate in the Academy  will experience the following: Get introduced… Read More

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