Tagged: australia

October 16, 2017 @ 3:55 pm By Samantha Hurst  |  

Prospa, an Australian online lender for small businesses, has formed a partnership with Gandel-backed retail marketplace MyDeal, which will allow retailers on its platform to apply for loans of up to $250,000. According to Australian Financial Review, the partnership will allow Prospa to integrate directly into the… Read More

October 10, 2017 @ 12:00 pm By Samantha Hurst  |  

Australia-based online lender SocietyOne announced on Tuesday it has secured $350 million in total originations. This news comes less than two months after the lending platform celebrated its fifth birthday. According to SocietyOne, the company topping $350 million as the current loan book also reached $200 million… Read More

October 2, 2017 @ 11:30 am By Samantha Hurst  |  

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced on Monday Australia-based digital banking platform Change Financial Ltd. (ASX: CCA) has qualified to trade on the OTCQX Best Market. Change Financial upgraded to OTCQX from OTC’s Pink market. Jason… Read More

September 29, 2017 @ 1:01 pm By JD Alois  |  

Earlier this week, the Australian Securities and Investment Commission (ASIC) came out with a statement on the emerging Initial Coin Offering (ICO) market that clarified its perspective on tokenized crowdfunding offers. Australia is a country that has been very aggressive in establishing itself as a… Read More

September 28, 2017 @ 9:28 am By JD Alois  |  

The investment crowdfunding market is changing in Australia and it is changing for the better. While it has taken policymakers a bit of time to update existing rules, new regulations commence on September 29th ushering a new era of raising capital online. Labeled “crowd-sourced funding”… Read More

September 27, 2017 @ 9:32 pm By JD Alois  |  

The Australian Securities and Investment Commission (ASIC) has just published their spin on the burgeoning Initial Coin Offering (ICO) market. John Price, ASIC Commissioner, stated; “We want to ensure innovative firms understand the regulatory framework they may be operating under and ensure they meet any… Read More

September 22, 2017 @ 10:22 am By Samantha Hurst  |  

Fintech Australia announced its upcoming Intersekt Fintech Festival is set to be a world-first gender equality target and is part of an ongoing campaign to drive increased levels of email participation in the country’s startup sector. The festival is set to be held in Melbourne from… Read More

September 21, 2017 @ 8:54 am By JD Alois  |  

China is the biggest kid on the block when it comes to the emerging alternative finance market in the Asia Pacific region. In fact, China has the largest alternative finance market in the world driven by a fast growing economy, a highly connected population via… Read More

September 20, 2017 @ 9:27 pm By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) has just released guidance for public companies and crowdfunding platform operators to support them in using the new “crowd-sourced funding (CSF)” regime. The updated rules kick off on 29 September 2017. While rules only apply to public companies,… Read More

September 14, 2017 @ 5:29 pm By JD Alois  |  

This week the Australian Parliament introduced new legislation that will extend crowdfunding or “crowdsourced equity funding” (as the Aussies call it) to private companies. This is an important fix that will create a far more robust and equitable crowdfunding ecosystem in Australia. Earlier this year,… Read More

September 11, 2017 @ 11:17 am By JD Alois  |  

PledgeMe, a New Zealand based crowdfunding platform, has announced an expansion into Australia just as equity crowdfunding regulations are scheduled to change. Australia has been slow to improve their regulatory environment for raising capital online but improved rules will be in place soon. “Australia is… Read More

September 10, 2017 @ 9:04 pm By JD Alois  |  

FinTech Australia is sharing that two of their members have been selected to participate in the Swift global FinTech challenge at LATTICE80 on 13 and 14 September 2017. This past June, SWIFT offered Fintech companies from around the world to develop new overlay services that leverage… Read More

September 9, 2017 @ 9:25 am By Samantha Hurst  |  

Earlier this week, Fintech Australia announced the Aussie country has enjoyed a spike in fintech investment during the second quarter of 2017. The organization shared the latest information from KPMG’s Pulse in Fintech report, which was released last month. According to the report, Australian fintech… Read More

September 5, 2017 @ 12:35 pm By Erin Hobey  |  

The Berlin Insurtech company Friendsurance has now expanded its business to Australia, launching the “Cashback Bike Insurance,” the platform’s first P2P insurance solution outside of Germany. “In Germany, we have well over 100,000 customers, but that’s only the beginning. Friendsurance was from the outset was envisioned… Read More

September 4, 2017 @ 8:46 pm By JD Alois  |  

Prospa , a leading online lender catering to Australian SMEs, has appointed Rebecca James as its new Chief Marketing and Enterprise Officer. Prospa said the move was indicative of platform growth and the need to boost its executive bench. Prospa has been recognized as the Best… Read More

September 3, 2017 @ 8:16 am By JD Alois  |  

Timelio, an online invoice financing marketplace operating in Australia, has received the backing of Anthony Thomson – a leading Fintech entrepreneur who is founder and Chairman of Atom Bank and founder and former Chairman of Metro Bank. Both Atom Bank and Metro Bank have positioned… Read More

August 30, 2017 @ 11:20 pm By JD Alois  |  

Here is an interesting factoid, recently discovered. The ASX, or Australian Securities Exchange, the country’s primary market for trading securities is killing it in Initial Public Offerings in comparison to many of its global cousins. In fact, when you compare the ASX to some of… Read More

August 27, 2017 @ 6:00 pm By JD Alois  |  

Investment crowdfunding platform Equitise has launched a self-crowdfunding round on its own platform. Opened only for wholesale and sophisticated investors, during the next four weeks Equitise is seeking A$ 1.25 million for platform growth. The company states that A$250,000 is already being underwritten by an… Read More

August 22, 2017 @ 9:59 pm By JD Alois  |  

FinTech Australia has announced that the EY FinTech Australia Census 2017 is underway to help create a more vibrant Fintech industry down under. The two groups are asking that all industry participants complete the questionnaire before September 3rd. So you better hurry. This years survey… Read More

August 22, 2017 @ 1:23 pm By Erin Hobey  |  

BTCS Inc. (OTCQB: BTCS), a blockchain technology focused company, has signed a non-binding Letter of Intent to merge with Blockchain Global Limited (formally Bitcoin Group), an Australian blockchain company, subject to a number of conditions . “As early movers in a rapidly developing industry, we’ve assembled… Read More