Tagged: australia

Armed with $200M in Lending Capital, Harmoney Launches in Australia

Now the New Zealand-based marketplace lender Harmoney has launched in Brisbane, Australia with over $200M in lending capital targeting the  40+ demographic , according to Australian Broker. Interest rates on the company’s unsecured loans start at 8.99% p.a. with no early repayment fees and the ability to borrow… Read More

Paul Niederer Slams Australian Crowdfunding Legislation in Public Comment

Paul Niederer, former CEO of the Australian Small Scale Offerings Board (ASSOB) – the very first platform established to raise capital online, posted a comment letter in response to the proposed Australian Crowd-Sourced Funding Bill (crowdfunding for the rest of the world). Never one to… Read More

Auswide Bank Increases Equity Stake in Peer-to-Peer Lender MoneyPlace

Australia’s Auswide Bank Ltd. (ASX:ABA) announced on Thursday it is increasing its equity stake in peer-to-peer lender MoneyPlace Holdings Pty Ltd. According to Auswide Bank, it will have a controlling interest of at least 51% in MoneyPlace with the potential to increase that interest up… Read More

Australia Launches Industry-backed Fintech Awards to Showcase Emerging Sector

  The Australian Fintech industry and Jobs for NSW have joined to launch new awards to celebrate the achievements of Australia’s financial technology pioneers. Deputy Premier and Minister for Regional NSW, Skills and Small Business, John Barilaro, stated that Jobs for NSW will provide $80,000… Read More

Here is Equitise’s Comment on the Australian Crowdfunding Legislation

Equitise is an investment crowdfunding platform set up to operate in New Zealand and Australia. While New Zealand created a bespoke regulatory regime to allow equity crowdfunding to evolve some time ago, Australia has struggled to enact new rules. This week, the Australian Senate published… Read More

Australia Senate Publishes Report on Crowdfunding Bill

Today the Australian Senate published a report on the Corporation Amendment or Crowd-Sourced Funding Bill – the legislation designed to improve the investment crowdfunding sector in Australia. The provisions of the bill were referred to the Economics Legislation Committee. The committee recommended that the bill… Read More

Swiss Company Lykke Offers Forward Contract with 20% Discount on Cryptocurrency

Lykke, a Zurich-based Fintech firm that wants to become the “world’s first regulated marketplace built on cryptographic technology” is offering a one-year forward contract on a bespoke cryptocurrency or Lykke Coin with a 20% discount. Announced last week, Lykke basically will provide a 20% discount… Read More

UK’s Department for International Trade Selects Eleven Fintech Companies to Visit Australia & New Zealand Next Month

UK’s Department for International Trade announced last week it would bring a trade delegation of eleven of the country’s fintech companies to Australia and New Zealand in March 2017. The eleven companies selected were Aire, Clarus FT, Clearmacro, FundApps, ingage, iwoca, neyber, ObjectTech, Onfido, Sybenetix, and Tradle…. Read More

Blockchain Project Chronobank Joins FinTech Australia

Blockchain project Chronobank announced on Sunday it has officially joined national Australia Fintech Industry Association, also known as Fintech Australia. FinTech Australia, which was founded in October 2015, has more than 70 startups, venture capital funds, hubs, and accelerators throughout Australia that specialize in fintech that… Read More

Australia: Can Government & Industry Come Together to Advance FinTech Security?

In a follow-up to Australia’s National Fintech Cyber Security Summit in May 2016, Data61 published a new report called “Startup Secrets: How Australia Can Create New Businesses with Fintech and Cyber Security Industry Collaboration”.  The report highlights how the government and private sector can invest… Read More

Treasurer of Australia Scott Morrison: “We must ensure that our policies and actions harness and realise the full potential of Fintech —by removing barriers to these innovations”

Australia is embracing the innovation of Fintech. The advancement in the rest of the world has not been ignored.  Seeing opportunity, the Australian government has been working on crafting an environment where rules do not hinder financial innovation and regulations are crafted to encourage competition… Read More

John Cummins Appointed New CIO for Australian Marketplace Lender SocietyOne

The Australian largest marketplace lending platform SocietyOne announced John Cummins has joined the group as CIO, according to The Advisor. Reporting to SocietyOne CEO and MD Jason Yetton, Cummins will be responsible for SocietyOne’s funding requirements to support demand from an expanding number of borrower customers, including building on SocietyOne’s existing network… Read More

H2 Ventures Receives $2 Million Loan Guarantee From Jobs For NSW to Create 400 New Jobs for 40 Fintech Startups

Australia’s startup accelerator H2 Ventures is set to receive a $2 million loan from Jobs for NSW. The funds will reportedly give H2 Ventures access to a $4 million loan from Investec Australia, along with helping the accelerator create 400 jobs for 40 fintech startups in… Read More

Sportfunder Forms Partnership With Pozible For Asia-Pacific Exposure Expansion

On Wednesday, Kiwi-based crowdfunding platform Sportfunder announced it formed a partnership with Australian funding portal Pozible as it prepares to expand its Asia-Pacific region exposure. Sportfunder, which was founded in 2012 by Craig Williamson, is an international crowdfunding platform that is designed to specifically assist… Read More

ASIC Announces Licensing Exemption For Fintech Businesses

On Thursday, the Australian Securities and Investment Commission (ASIC) announced a licensing exemption that will allow eligible financial technology (also known as fintech) businesses to test certain specified services without holding an Australian financial services or credit license. According to the ASIC, the fintech licensing… Read More

Australian Fintech Startup Unkapt Launches in S.E. Asia

Unkapt, an Australia-based fintech startup, announced this week it is launching in Southeast Asia. The company stated it is an alternative lending, cross-border capital raising platform offering APAC small and lower middle market issuers (SMEs) the opportunity to use innovative financing to raise capital among a network… Read More

Australia Fintech Company Inamo Announces Partnership With Oberthur Technologies

Australian fintech company Inamo and French embedded security software product provider Oberthur Technologies (OT) announced on Thursday they formed a partnership. OT is set to provide its digital payment enablement technology to Inamo’s wearable solutions, which includes the company’s new product, CURL. Sharing details about… Read More

Australia: Fintech Sector Profile & Landscape (Infographic)

Accompanying the Fintech Australia Census 2016, published by EY and Fintech Australia, were several infographics highlighting the emerging Fintech ecosystem in Australia. One of the visualizations involved “Fast Facts” which included some interesting data points. The largest sector concentration is in Lending at 25% Personal finance… Read More

EY Publishes Fintech Australia Census: A Tier One Fintech Nation

EY has published the first Fintech Australia Census.  The report is designed to be the “most detailed and comprehensive analysis of the Australian Fintech ecosystem.” The document was produced in concert with Fintech Australia, the advocacy group created to help boost utilization and awareness of Fintech…. Read More