Tagged: australia

April 24, 2019 @ 11:30 am By Samantha Hurst  |  

Judo Bank (formerly Judo Capital), a SME challenger bank, announced on Wednesday it was granted a full banking license by the  Australian Prudential Regulation Authority (APRA). According to the bank’s Chairman, Peter Hodgson, the full license means Judo will be able to significantly extend the… Read More

April 16, 2019 @ 10:25 pm By JD Alois  |  

Since Australia fixed a glaring shortcoming in the country’s “crowd-sourced funding” regulations, equity crowdfunding has gained a new spring in its step. Under current Aussie rules, an issuer may raise up to $5 million in an online securities offering. Retail investors are capped at $10,000… Read More

April 15, 2019 @ 1:56 pm By Samantha Hurst  |  

Nauticus Blockchain, an Australia- based digital financial marketplace, announced on Monday it is now seeking $25 million through its new equity fundraising efforts. The Nauticus Exchange is described as an Australia Government regulated crypto and fiat currency exchange. The platform is egistered with AUSTRAC and… Read More

April 11, 2019 @ 10:02 pm By JD Alois  |  

The Australian Securities & Investment Commission (ASIC) has published several reports touting the progress of Fintech in Australia. ASIC said that recent surveys show an increase in demand – aided in part by ASIC’s Innovation Hub. Australia may be a smaller market but it has… Read More

April 11, 2019 @ 9:23 am By JD Alois  |  

Birchal, an Australia-based investment crowdfunding platform, has shared platform results for the first quarter of 2019. Australia recently updated their “crowd-sourced funding or CSF” regulations that enabled a far wider spectrum of businesses to take advantage of issuing securities online. Birchal describes Q1 performance as… Read More

March 31, 2019 @ 8:54 pm By JD Alois  |  

Shebah, a ridesharing service only for women, has raised $3 million on Birchal. The Australian company has claimed the most money raised for the young investment crowdfunding sector. Shebah sought a minimum target of $1 million at a pre-money valuation of $19.4 million. The fully… Read More

March 27, 2019 @ 2:10 pm By Samantha Hurst  |  

Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Wednesday it is set to expand its services into Australasian later this year, thanks to two major investments. The first step is to open two sales offices in Australia and the second is the expansion of its… Read More

March 27, 2019 @ 3:20 am By JD Alois  |  

Online lender Spotcap has selected Simon Keast as Managing Director for Australia and New Zealand. According to a release, Keast joins the Fintech having held a number of senior roles across the banking and insurance industry, including Head of Small Business Designs and Solutions at… Read More

March 26, 2019 @ 2:05 pm By Samantha Hurst  |  

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

March 22, 2019 @ 8:30 am By Samantha Hurst  |  

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

March 19, 2019 @ 10:06 pm By JD Alois  |  

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

March 12, 2019 @ 8:18 am By Cali Haan  |  

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

March 10, 2019 @ 9:15 pm By Samantha Hurst  |  

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

March 4, 2019 @ 2:47 pm By Samantha Hurst  |  

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

March 4, 2019 @ 1:26 pm By Samantha Hurst  |  

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

March 4, 2019 @ 8:19 am By Samantha Hurst  |  

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

March 1, 2019 @ 4:41 am By JD Alois  |  

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

February 28, 2019 @ 2:07 am By Cali Haan  |  

  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… Read More

February 27, 2019 @ 7:31 pm By JD Alois  |  

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

February 22, 2019 @ 7:50 am By Cali Haan  |  

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