Tagged: australia

June 5, 2017 @ 7:33 am By JD Alois  |  

OurCrowd, one of the largest equity crowdfunding platforms in the world, has formed an interesting partnership with The National Bank of Australia (NAB). The crowdfunding platform will now provide NAB clients with direct access to early stage investments listed on the OurCrowd site.  This is… Read More

June 5, 2017 @ 1:01 am By JD Alois  |  

  FinTech Australia has announced the election of its new Board of Directors. The new Board is said to align with constitutional changes regarding gender diversity and representation from a broad number of states. On June 1, 2017, the Fintech industry association’s members voted in… Read More

May 24, 2017 @ 6:36 pm By JD Alois  |  

The winners of the inaugural Finnie awards were announced earlier today at a ceremony attended by more than 200 guests at Sydney’s Darling Harbour, according to FinTech Australia. The winners of 29 awards were chosen by 39 local and international judges from 158 entries. The… Read More

May 23, 2017 @ 1:42 am By JD Alois  |  

Estate Baron, a Melbourne-based crowdfunding startup, has announced an initiative to allow property developers the ability to crowdfund their property development projects online by using the Estate Baron platform as a white label service. Estate Baron co-founder, Moresh Kokane, says that the concept will provide… Read More

May 17, 2017 @ 5:24 am By Jonathan Nieh  |  

I previously reported on Australian startup company Gobbill launching its online bill payment and management platform. Today, the company announced that it had received recognition from the Australian Taxation Office (ATO) that it satisfies the requirements of an Early Stage Innovation Company (ESIC). According to the company’s… Read More

May 17, 2017 @ 4:23 am By JD Alois  |  

While there has been some progress in the legislative odyssey of “Crowd-sourced equity funding”, as they call it down under, not everyone is pleased with the current results. VentureCrowd, a multi-class crowdfunding platform providing early stage, property and “crowd credit” finance, has labeled the process… Read More

May 11, 2017 @ 4:36 am By JD Alois  |  

The Australian government crafted updated “Crowd-Sourced Equity Funding” (CSEF) earlier this year.  The new rules will commence on September 29, 2017. But the bill was described as flawed by some as it only allowed  public companies to participate.  In Australia, the vast majority of companies… Read More

May 1, 2017 @ 8:16 pm By JD Alois  |  

FinTech Australia is pointing to payments company Airwallex securing $13 Million USD in a Series A funding round as indicative of the strength of Australian-Asian Fintech links. FinTech Australian CEO Danielle Szetho said the announcement illustrated the strong and growing links between the two regions…. Read More

May 1, 2017 @ 5:39 pm By Samantha Hurst  |  

Aussie fintech startup Airwallex announced on Monday it has secured $13 million USD through its latest Series A funding round. Participants of the round included Sequoia Capital China, Mastercard, and Tencent Holdings. Founded in 2015, Airwallex is described as a foreign exchange market that makes… Read More

May 1, 2017 @ 7:49 am By Samantha Hurst  |  

FinTech Australia, the advocacy group promoting all things fintech related in Australia, celebrated its one year anniversary by sharing its “Year of Review.” The organization stated when it was launched in February 2016, it has more than 50 founding members, less than two months of… Read More

April 30, 2017 @ 11:15 am By Jonathan Nieh  |  

Australian startup company, Gobbill, debuted its online bill payment and management service recently. Users who sign up for their services simply create an account and add a credit or debit card. Once their account is setup, users forward any emails containing bills to the company and Gobbill… Read More

April 25, 2017 @ 6:18 pm By JD Alois  |  

Symbid (OTCMKTS:SBID) has filed an 8-K Amendment to enact a reverse split of its shares and a name change to “Sincerity Applied Materials Holdings Corp” – thus ending its chapter as a publicly traded security. Symbid, the first crowdfunding company to publicly trade shares on… Read More

April 24, 2017 @ 12:28 pm By Cole Lyons  |  

In an attempt to promote innovation in their financial service markets, the Australian Securities and Investment Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered into a Fintech Cooperation Agreement. Stated in a release Friday the 21st in Melbourne, the agreement creates a framework for collaboration… Read More

April 24, 2017 @ 8:25 am By Samantha Hurst  |  

Australia-based social discovery platform Gather Online announced on Friday it has acquired a new secret algorithm. This news comes just as the online portal surpassed £400,000 through its equity crowdfunding campaign on Seedrs and Equitise. The initiative was launched last month, seeking funding for growth and… Read More

April 12, 2017 @ 10:59 pm By JD Alois  |  

LendEx, a leading Australian peer-to-peer lending platform for direct commercial property lending, has appointed two new prominent board members as non-executive directors. LendEx has added Brian Benger and Kim Jenkins to help guide the growing online lender. Benger said he was delighted to join the LendEx… Read More

April 11, 2017 @ 1:05 pm By Cole Lyons  |  

Peppermint Innovation is a Fintech firm focused on the commercialisation of a mobile banking, payments and remittance technology, designed for banks and other institutions. The company’s vision is to provide mobile payments, money services, and remittances to anyone and to anywhere in the world. Founded… Read More

April 7, 2017 @ 4:32 pm By Samantha Hurst  |  

Gather Online, an Australia-based gather and share platform, has successfully secured its initial £245,000 funding target on equity crowdfunding platform, Seedrs. The website launched the initiative recently to raise the funds for expansion. As previously reported, Gather Online was launched in early 2015 and describes as a… Read More

April 3, 2017 @ 9:54 am By JD Alois  |  

It is a truism that increasing competition in the banking sector will benefit both consumers and businesses. Yet high hurdles remain in place for emerging Fintech companies to challenge established financial firms such as banks. FinTech Australia, the advocacy group promoting all things Fintech related,… Read More

April 2, 2017 @ 5:09 pm By Samantha Hurst  |  

Gather Online, an Australia-based gather and share platform, has recently launched an equity crowdfunding campaign on Seedrs. The website is currently seeking £245,000 as it prepares to expand. Gather Online, which was launched in early 2015, describes itself as a social discovery platform that allows users to… Read More

March 24, 2017 @ 8:06 am By JD Alois  |  

Recently the Australian Senate approved a new investment crowdfunding law (Crowd-sourced funding). The final bill has been a long time in coming as Australia has made several attempts at improving access to capital for smaller firms be allowing issuers to raise capital online. But the… Read More