Tagged: australia

AI Powered Online Lending Marketplace Lending Express Receives $2.7 Million Seed Round

Lending Express, an AI-powered platform for business loans, is reporting it has received a $2.7 million seed round led by Entrée Capital, iAngels, and existing investors. The new money will be used to scale operations in both the US and Australia. “We are proud to… Read More

Cryptocurrency Scams: Australian Competition & Consumer Commission Reports Sees Increase at End of 2017

The Australian Competition & Consumer Commission (ACCC) has published their 9th annual report on scam activity in Australia.  As one may expect, investment scams posted the highest amount of loss in 2017 with reports to “Scamwatch” and ACORN exceeding $64.6 million (Dating and romance scams’ were… Read More

Republic Updates on Reg CF Progress, Partners with Jason Calacanis on Launch Festival in Sydney, Australia

Republic, a mission driven investment crowdfunding platform that enables companies to raise money by selling securities including initial coin offerings, has provided an update on their progress. Shared on the 2 year anniversary of when Reg CF became actionable, Republic shares the following stats: To… Read More

FinTech Australia Selects Brad Kitschke as New CEO

Brad Kitschke has been selected as the new CEO of FinTech Australia. Kitschke follows in the footsteps of founding CEO Danielle Szetho who announced her resignation earlier this year. Sarah Worboys acted as interim CEO during the executive search. Kitschke has a history of working with… Read More

FinTech Australia: A Government-Backed Open Banking Framework will be a Game-Changer for Consumers and Businesses

FinTech Australia is lauding the Aussie Government’s policy push regarding Open Banking. The advocacy group says the Australian decision has pushed back against big banks to open true banking reform by next year. “A government-backed Open Banking framework will be a game-changer for consumers and businesses,… Read More

Australian Fintech Update: Lender RateSetter Syncs with Aggregators Finsure & LoanKit

P2P lender RateSetter has partnered with aggregators Finsure and LoanKit. Under the partnership, more than 1,400 brokers accredited with Finsure and LoanKit will be able to offer their clients RateSetter’s personal loan and green loan products, reported Australian Broker. The partnerships aims to help accredited brokers improve… Read More

FinTech Australia Chair Stuart Stoyan Welcomes Government Budget, Says Big News Coming on Open Banking

FinTech Australia says their industry will benefit from the 2018-2019 Australian Budget but big news on Open Banking will wait for a future date. Stuart Stoyan, Chair of FinTech Australia, says he welcomes a number of funding measures outlined in the budget. These include: $44.6… Read More

Speedcast Announces Partnership With Plug and Play to Focus on Technology Growth With the Communication & IT Services Sector

Speedcast International Limited (ASX: SDA), Australia-based remote communication and IT services provider, announced on Monday it has teamed up with Plug and Play, a global innovation platform and startup accelerator, to focus on the advancement of technology within the communication and IT services sector. Speedcast stated its… Read More

Report: Crowdfunding Platform OurCrowd Reaffirms Expectation to Top $1 Billion this Year

OurCrowd is one of the largest crowdfunding platforms in the world and, perhaps, the largest early stage platform globally by now. The five year old firm has quickly gone from zero to nearly $1 billion in capital raised with the expectation to surpass the billion dollar… Read More

Australian Fintech Trade Ledger Named Winner of Barclays’ Global Open Innovation Challenge 2018

Aussie fintech startup Trade Ledger announced on Thursday it was named Barclays UK Ventures’ Open Innovation Challenge 2018, which was held in London. The ten finalists of the Challenge were selected by Barclays for their potential to offer “gaming-changing” business solutions across various industries. Speaking… Read More

Australian Fintech Avoka Now Providing Digital Account Opening Solutions to RACQ Bank

On Tuesday, Australia-based fintech startup Avoka announced it is the account opening and onboarding engine for  Australia’s RACQ to provide digital capabilities for banking customers worldwide. Avoka claims that RACQ became the world’s first automobile club to launch a bank and formed RACQ Banking after a… Read More

Australian Securities and Investment Commission Issues Inquiries into ICO Issuers to Halt Deceptive Practices

The Australian Securities and Investment Commission (ASIC) has taken action to address misleading or deceptive conduct regarding initial coin offerings (ICOs). ASIC announced it was targeting the sale of digital tokens and is issuing inquiries to ICO issuers and their advisers where they identify conduct or… Read More

UNICEF Australia Now Using Cryptocurrency Mining For Fundraising Through New The Hopepage

On Monday UNICEF Australia announced it has turned to cryptocurrency for online fundraising through its new website, The Hopepage, which notably allows Australians to provide help and hope to vulnerable children by simply opening the page while they are online. According to the nonprofit, when users are… Read More

Australia: NSW Focuses on Regtech Industry, Government Helps to Fund Industry Association

Minister for Trade and Industry Niall Blair has announced the NSW Government is backing growth in the state’s emerging regulatory technology (Regtech) industry with a first event in Sydney this coming week (May 3 -4). Additionally, Blair said the Government was supporting The RegTech Association with… Read More

Australian Cyber Security Firm Entersoft Claims $1 Billion ICO Milestone

  Entersoft, an Australian cyber security firm, says it has now helped to launch USD $1 billion worth of initial coin offerings (ICOs) around the world without a single hack or lost token value. According to Entersoft, during last ten months, the company has helped… Read More

Fintech Bridge: Crowd2Fund to Expand into Australia

UK peer to peer lending platform Crowd2Fund is opening an Australian office becoming one the first UK-based companies to utilise the new ‘Fintech Bridge’ between the UK and Australia that was recently announced by both countries. Signed in March, the agreement between the UK Financial… Read More

Australian Government Posts Reasonable Cryptocurrency Tax Obligations

In mid-March, The Government of Australia published tax guidelines for citizens and businesses using cryptocurrencies to invest, make or receive payments. The document, “Tax treatment of cryptocurrencies,” is fairly readable and the compliance procedures outlined quite reasonable. In short: “Our view is that Bitcoin…is an… Read More

Australian Online Lender Appoints New Directors, Greg Ruddock to Become Chair of the Board

  Prospa, one of Australia’s leading online lenders to SMEs, has appointed Gail Pemberton AO and Fiona Trafford-Walker as Independent Non-Executive Directors to the Prospa Board. Prospa also announced that current Non-Executive Director Greg Ruddock has been appointed to the role of Chairman of the… Read More

Asian Pop Stars Leading the Charge into Celebrity-Branded Crypto

Musicians are increasingly looking to crypto to secure and boost bottom lines. Korean paper The Chosun Ilbo reported in February that Korean girl band T-ara are working with Australian firm ENTCash to produce a cryptocurrency or token that fans will be able to trade for… Read More

Down Under Crypto Update: Digital Currency Exchange Legislative Guidelines Issued

Digital currency exchange guidelines at last! Australia has implemented new legislative guidelines aimed at regulating digital currency exchange businesses. Enacted earlier this week, the new regulations require cryptocurrency exchanges in the country to comply with requirements outlined in the Anti-Money Laundering and Counter-Terrorism Financing Act… Read More