Tagged: australia

Online Lender Prospa is NSW State Winner in 2017 Telstra Business Awards  

Prospa, an online lender to Australian small business, has been awarded the 2017 Telstra New South Wales Medium Business Award in the 2017 Telstra Business Awards. Prospa said it was the first Fintech company to be awarded the accolade. This is the company’s third consecutive… Read More

FinTech Australia: Sydney & Melbourne Startup Hubs a Boon for Fintech

Both Sydney and Melbourne have announced the creation of startup hubs. Sydney has proposed an 11 floor innovation center that will be the largest in the southern hemisphere. In fact, Jobs for NSW has stated it would invest $35 million in the facility. A Fintech… Read More

New Milestone: Australian Peer-to-Peer Lender SocietyOne Surpasses $300 Million in Total Originations

On Monday, Australia-based online lender SocietyOne announced it not only celebrated its five year anniversary, it has also surpassed $300 million in total originations. The platform revealed it advanced over $100 million of new lending during the first half of 2017 and its loan book increased… Read More

Here is the Letter IEG Holdings Sent to LendingClub Board Announcing its “Tender Offer”

Below is the copy of the letter Paul Mathieson, the CEO of IEG, sent to Scott Sanborn, CEO of LendingClub, and the LendingClub Board of Directors. In the letter, Mathieson declares his intent to commence a tender offer for up to 9.99% of LendingClub (NYSE:LC)… Read More

Fundnel Expands into Australia, Partners with University of Adelaide

Singapore based investment crowdfunding platform Fundnel has announced the expansion of its services into Australia. Fundnel is a private investment platform that offers unlisted securities in growth and pre-IPO stage companies to both institutional and individual investors. Fundnel screens all investment opportunities to ensure businesses… Read More

FinTech Australia Says Australia is Ahead of Other Advanced Markets Like US & Singapore in Fintech Adoption

Pointing to the recently published EY Fintech Adoption Index, Australia is doing a bit of chest pounding as their prominence in the Fintech sector rises. In a public release, FinTech Australia says Australia is now a world leader in Fintech adoption jumping ahead of other… Read More

Fintech Collaboration: Japan & Australian Create Cooperation Framework

The Australian Securities and Investments Commission (ASIC) and the Japan Financial Services Agency (JFSA) have announced a framework for co-operation to promote Fintech innovation in Japan and Australia. A formal “Exchange of Letters” ceremony between Australian Ambassador to Japan, the Hon Richard Court AC and State Minister… Read More

Simply Wall St Raises $2.4 million in User Funding

The Sydney based Fintech startup, Simply Wall St, announced that it has raised $2.4 million in funding. What makes this especially unique is that all eleven of its investors were users of the company’s service. This round of investing is their first since their $600,000… Read More

FinTech Australia Publishes Fintech Ecosystem Map

FinTech Australia is out today with a Fintech Ecosystem Map visually representing the ever-changing and growing number of entities participating in innovative finance in Australia. FinTech Australia says it intends on updating the map every six months to keep things current. Currently, the map lists… Read More

Online Lender Prospa Appoints Damon Pezaro as Chief Product Officer

Prospa, an Australian online lender for small businesses, has appointed Damon Pezaro as its first Chief Product Officer. The online lender described the appointment as part of an expansion to its product offering to help more small business owners access finance. Pezaro joins Prospa from… Read More

VentureCrowd: Crowdfunding Will Be Part of Every Startups Capital Raising Stack

VentureCrowd is a multi-asset crowdfunding platform providing early stage, property and “crowd credit” funding in Australia. Currently, VentureCrowd only caters to sophisticated or high net worth individuals.  Each early stage investment listed on its platform has already secured a professional lead investor thus allowing a smaller… Read More

Australia Plans Week Long Fintech Festival “Intersekt” in Melbourne

Fintech leaders in Australia have announced a week long Fintech festival scheduled to take place at the end of November. The goal is to boost Asia-Pacific Fintech growth Australian festival to drive Asia-Pacific fintech growth. The festival will be held in Melbourne and is predicted… Read More

OurCrowd & National Australia Bank Form Significant Partnership

OurCrowd, one of the largest equity crowdfunding platforms in the world, has formed an interesting partnership with The National Bank of Australia (NAB). The crowdfunding platform will now provide NAB clients with direct access to early stage investments listed on the OurCrowd site.  This is… Read More

FinTech Australia Announces New Board of Directors

  FinTech Australia has announced the election of its new Board of Directors. The new Board is said to align with constitutional changes regarding gender diversity and representation from a broad number of states. On June 1, 2017, the Fintech industry association’s members voted in… Read More

FinTech Australia Announces Winners of Finnie Awards

The winners of the inaugural Finnie awards were announced earlier today at a ceremony attended by more than 200 guests at Sydney’s Darling Harbour, according to FinTech Australia. The winners of 29 awards were chosen by 39 local and international judges from 158 entries. The… Read More

Estate Baron Adds White Label Option

Estate Baron, a Melbourne-based crowdfunding startup, has announced an initiative to allow property developers the ability to crowdfund their property development projects online by using the Estate Baron platform as a white label service. Estate Baron co-founder, Moresh Kokane, says that the concept will provide… Read More

Australian Taxation Office Recognizes Gobbill as Early Stage Innovation Company

I previously reported on Australian startup company Gobbill launching its online bill payment and management platform. Today, the company announced that it had received recognition from the Australian Taxation Office (ATO) that it satisfies the requirements of an Early Stage Innovation Company (ESIC). According to the company’s… Read More

VentureCrowd Calls Australian Crowdfunding Legislation a “Slow Motion Train Wreck”

While there has been some progress in the legislative odyssey of “Crowd-sourced equity funding”, as they call it down under, not everyone is pleased with the current results. VentureCrowd, a multi-class crowdfunding platform providing early stage, property and “crowd credit” finance, has labeled the process… Read More

Australia Expected to Extend Investment Crowdfunding to Proprietary Companies

The Australian government crafted updated “Crowd-Sourced Equity Funding” (CSEF) earlier this year.  The new rules will commence on September 29, 2017. But the bill was described as flawed by some as it only allowed  public companies to participate.  In Australia, the vast majority of companies… Read More

Fintech Australia Says Major Funding Buttresses Strength of Aussie-Asian Fintech Links

FinTech Australia is pointing to payments company Airwallex securing $13 Million USD in a Series A funding round as indicative of the strength of Australian-Asian Fintech links. FinTech Australian CEO Danielle Szetho said the announcement illustrated the strong and growing links between the two regions…. Read More