Tagged: australia

January 6, 2019 @ 9:13 pm By JD Alois  |  

Prospa, an online lender providing financing to SMEs, says that as of January 1st they will be operating in compliance with the Code of Lending Practice. The Code was created by a group of online lenders seeking to establish best practices for the sector of… Read More

December 29, 2018 @ 9:05 am By Cali Haan  |  

Craig Wright, an Australian businessperson and Bitcoin enthusiast who claims to be the elusive inventor of Bitcoin, Satoshi Nakamoto, has lost a bid to have a lawsuit filed against him in Florida courts dismissed. The suit claims that Wright absconded with between 300 000 and… Read More

December 21, 2018 @ 9:58 pm By Samantha Hurst  |  

Temenos (SIX: TEMN) announced on Friday it has completed its acquisition of Avoka. The company previously announced it was acquiring the Australia-based SaaS vendor to further strengthen its Temenos Digital Front Office product, which has more than 300 banking clients and has been recognized as a leader by… Read More

December 20, 2018 @ 10:59 pm By Samantha Hurst  |  

Commonwealth Bank of Australia (CBA) announced on Thursday Alipay is now available on its Albert touchscreen devices. CBA claims it will become the first major bank to provide Alipay to customers in store and with nearly 900 million users choosing to pay for goods and… Read More

December 20, 2018 @ 6:20 pm By JD Alois  |  

Merry Christmas, Xinja. In January of 2018, Xinja became the first retail equity crowdfunding offer in Australia following an update to rules. Xinja, a digital challenger bank, went on to raise $2.4 million in a solid “proof of concept” offering that was part of larger… Read More

December 13, 2018 @ 9:04 am By Samantha Hurst  |  

Temenos (SIX: TEMN) announced on Thursday it has acquired Australia-based SaaS vender, Avoka, to further strengthen its Temenos Digital Front Office product, which has over 300 banking clients and has been recognized as a leader by top analyst houses such as Forrester and Ovum. Temenos has notably… Read More

December 10, 2018 @ 2:45 pm By Samantha Hurst  |  

Xero (ASX: XRO), a global small business platform, announced last week it surpassed one million subscribers across Australia and New Zealand (ANZ). According to Xero, this milestone marks its platform as being the regional leader in the uptake of cloud accounting technology. Speaking about the… Read More

December 7, 2018 @ 8:32 am By Cali Haan  |  

The Australian Parliament passed a bill this week obliging tech firms like Google, Facebook and Apple to turn over encrypted data sought in police investigations, Reuters reports. “Let’s just make Australians safe over Christmas,” opposition Labor party leader Bill Shorten told reporters when asked about… Read More

November 30, 2018 @ 9:21 am By JD Alois  |  

Australia’s largest online book retailer Booktopia is seeking growth capital and they are raising the funding via an equity crowdfunding offer on Equitise. This is the first time Booktopia is pursuing outside capital. Launched in 2004, Booktotopia is an e-commerce site that sells at least… Read More

November 27, 2018 @ 12:36 pm By Samantha Hurst  |  

Bit Trade, an Australia-based digital currency exchange platform, announced last week the launch of its new equity crowdfunding campaign on Equitise, seeking $3 million for growth and expansion. Founded in 2013, Bit Trade claims it is Australia’s longest running cryptocurrency exchange and believes that investing in… Read More

November 26, 2018 @ 10:23 pm By JD Alois  |  

Australia based Birchal believes that equity crowdfunding may be the “silver bullet” for SMEs turned away by traditional banks. Pointing to a recent note from the Australian Small Business Finance Advisory Panel that many small businesses find it challenging to access finance, Birchal believes Fintech… Read More

November 21, 2018 @ 8:26 am By Samantha Hurst  |  

TrustED, an Australian-based company that offers an academic credential verification service on the blockchain, announced on Wednesday the launch of its blockchain-based platform set to revolutionize the process of how academic credentials are verified. The company reported that by leveraging blockchain technology it offers the ability… Read More

November 15, 2018 @ 10:14 pm By JD Alois  |  

Prospa, an online small business lender, has been recognized by Deloitte Technology Fast 50 Australia Awards for 2018. Prospa ranked 20th overall and 5th for leadership. The Deloitte Technology Fast 50 Australia Awards rank Australia’s fastest growing public or private technology companies based on their… Read More

November 15, 2018 @ 12:25 pm By JD Alois  |  

KPMG Australia and Independent Reserve have joined to manage a pressing issue: taxes for cryptocurrency transactions. The two companies have partnered on a new “Crypto Tax Estimator.” Founded in 2013, Independent Reserve is said to be the largest cryptocurrency exchange in Australia. The crypto exchange… Read More

November 7, 2018 @ 2:57 pm By JD Alois  |  

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

November 7, 2018 @ 1:34 pm By Samantha Hurst  |  

Australia- based fintech startup INAMO is reportedly testing out its contactless wearables in the U.S. Founded in 2016, INAMO reported it is now seeking to transform the way payments are being made by developing wearable payment devices to make contactless payments faster and simple. “Our waterproof… Read More

November 6, 2018 @ 10:46 pm By JD Alois  |  

This past September, Australia finally allowed “proprietary firms” to use “Crowd-Sourced Funding” (CSF) or investment crowdfunding to raise capital online. New legislation was signed into law that should help boost online capital formation in Australia. Before the change, only “unlisted public companies” were allowed to… Read More

November 5, 2018 @ 8:24 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it is bringing its digital fintech platform to Australia and New Zealand. Wirecard reported its platform is now available in New Zealand for e-commerce services and Australia for omnichannel solutions. As part of… Read More

November 4, 2018 @ 7:02 pm By JD Alois  |  

The Pearcey Foundation has awarded Nick Molnar, co-founder and CEO of Afterpay, as the 2018 NSW ICT Entrepreneur of the Year Award winner. Afterpay is an Australian retail payments platform that is said to be one of Australia’s fastest growing Fintech companies. Deputy Premier and Minister for Small Business John Barilaro congratulated… Read More

October 28, 2018 @ 5:27 pm By JD Alois  |  

Crypterium has announced that as of last week 400,000 users will be given the opportunity to test paying their loans directly via cryptocurrency.  Crypterium is already allowing consumers in Australia to transfer crypto and deposit into bank accounts with a partnership with BPAY. Led by former… Read More