Tagged: australia

February 13, 2017 @ 4:02 pm By JD Alois  |  

Equitise is an investment crowdfunding platform set up to operate in New Zealand and Australia. While New Zealand created a bespoke regulatory regime to allow equity crowdfunding to evolve some time ago, Australia has struggled to enact new rules. This week, the Australian Senate published… Read More

February 13, 2017 @ 10:59 am By JD Alois  |  

Today the Australian Senate published a report on the Corporation Amendment or Crowd-Sourced Funding Bill – the legislation designed to improve the investment crowdfunding sector in Australia. The provisions of the bill were referred to the Economics Legislation Committee. The committee recommended that the bill… Read More

February 12, 2017 @ 12:01 pm By JD Alois  |  

Lykke, a Zurich-based Fintech firm that wants to become the “world’s first regulated marketplace built on cryptographic technology” is offering a one-year forward contract on a bespoke cryptocurrency or Lykke Coin with a 20% discount. Announced last week, Lykke basically will provide a 20% discount… Read More

February 6, 2017 @ 4:50 pm By Samantha Hurst  |  

UK’s Department for International Trade announced last week it would bring a trade delegation of eleven of the country’s fintech companies to Australia and New Zealand in March 2017. The eleven companies selected were Aire, Clarus FT, Clearmacro, FundApps, ingage, iwoca, neyber, ObjectTech, Onfido, Sybenetix, and Tradle…. Read More

February 6, 2017 @ 2:54 pm By Samantha Hurst  |  

Blockchain project Chronobank announced on Sunday it has officially joined national Australia Fintech Industry Association, also known as Fintech Australia. FinTech Australia, which was founded in October 2015, has more than 70 startups, venture capital funds, hubs, and accelerators throughout Australia that specialize in fintech that… Read More

February 3, 2017 @ 11:58 pm By Jessica Pham  |  

In a follow-up to Australia’s National Fintech Cyber Security Summit in May 2016, Data61 published a new report called “Startup Secrets: How Australia Can Create New Businesses with Fintech and Cyber Security Industry Collaboration”.  The report highlights how the government and private sector can invest… Read More

January 31, 2017 @ 8:08 am By JD Alois  |  

Australia is embracing the innovation of Fintech. The advancement in the rest of the world has not been ignored.  Seeing opportunity, the Australian government has been working on crafting an environment where rules do not hinder financial innovation and regulations are crafted to encourage competition… Read More

January 27, 2017 @ 10:57 am By Erin Hobey  |  

The Australian largest marketplace lending platform SocietyOne announced John Cummins has joined the group as CIO, according to The Advisor. Reporting to SocietyOne CEO and MD Jason Yetton, Cummins will be responsible for SocietyOne’s funding requirements to support demand from an expanding number of borrower customers, including building on SocietyOne’s existing network… Read More

January 22, 2017 @ 5:19 pm By JD Alois  |  

Leveraging a common language and an emerging Fintech regulatory realm that is improving, SoFi is poised to enter the mortgage lending market in Australia. First reported in the Financial Review, SoFi, one of the largest online lenders in the US, is prepping to challenge  Aussie… Read More

January 16, 2017 @ 12:30 pm By Samantha Hurst  |  

Australia’s startup accelerator H2 Ventures is set to receive a $2 million loan from Jobs for NSW. The funds will reportedly give H2 Ventures access to a $4 million loan from Investec Australia, along with helping the accelerator create 400 jobs for 40 fintech startups in… Read More

December 21, 2016 @ 12:53 pm By Samantha Hurst  |  

On Wednesday, Kiwi-based crowdfunding platform Sportfunder announced it formed a partnership with Australian funding portal Pozible as it prepares to expand its Asia-Pacific region exposure. Sportfunder, which was founded in 2012 by Craig Williamson, is an international crowdfunding platform that is designed to specifically assist… Read More

December 15, 2016 @ 2:19 pm By Samantha Hurst  |  

On Thursday, the Australian Securities and Investment Commission (ASIC) announced a licensing exemption that will allow eligible financial technology (also known as fintech) businesses to test certain specified services without holding an Australian financial services or credit license. According to the ASIC, the fintech licensing… Read More

December 14, 2016 @ 10:56 am By Samantha Hurst  |  

Unkapt, an Australia-based fintech startup, announced this week it is launching in Southeast Asia. The company stated it is an alternative lending, cross-border capital raising platform offering APAC small and lower middle market issuers (SMEs) the opportunity to use innovative financing to raise capital among a network… Read More

December 8, 2016 @ 3:57 pm By Samantha Hurst  |  

Australian fintech company Inamo and French embedded security software product provider Oberthur Technologies (OT) announced on Thursday they formed a partnership. OT is set to provide its digital payment enablement technology to Inamo’s wearable solutions, which includes the company’s new product, CURL. Sharing details about… Read More

December 1, 2016 @ 2:33 pm By JD Alois  |  

Accompanying the Fintech Australia Census 2016, published by EY and Fintech Australia, were several infographics highlighting the emerging Fintech ecosystem in Australia. One of the visualizations involved “Fast Facts” which included some interesting data points. The largest sector concentration is in Lending at 25% Personal finance… Read More

November 30, 2016 @ 8:47 pm By JD Alois  |  

EY has published the first Fintech Australia Census.  The report is designed to be the “most detailed and comprehensive analysis of the Australian Fintech ecosystem.” The document was produced in concert with Fintech Australia, the advocacy group created to help boost utilization and awareness of Fintech…. Read More

November 24, 2016 @ 12:14 pm By JD Alois  |  

The Australian House of Parliament has re-introduced legislation to improve the environment for investment crowdfunding. The bill, or Corporations Amendment (“Crowd-Sourced Funding”) Bill 2016, has been widely anticipated to begin the legislative process this year.  The bill was introduced by the Treasurer, Scott Morrison, MP…. Read More

November 16, 2016 @ 1:49 pm By Samantha Hurst  |  

FinTech Australia, a national association for the Australian FinTech Startup community, announced earlier this month it received a $200,000 funding grant from the Federal Treasury. This news comes just a few months after the organization secured $300,000 from Launch Victoria. Federal Treasurer Scott Morrison MP revealed details… Read More

November 13, 2016 @ 10:33 pm By JD Alois  |  

The debate regarding Fintech revolution almost always includes a discussion of regulation. And it should. The financial industry is one of the most regulated sectors of commerce there is. But as Fintech has evolved an emerging ecosystem of firms seeking to facilitate regulatory compliance has… Read More

November 9, 2016 @ 11:16 am By JD Alois  |  

Trade Me (ASX:TME) has purchased $670,000 woth of shares in New Zealand based P2P lender Harmoney. The investment was said to be designed to hold its stake at 14.4%. Harmoney also operates in Australia. According to a report in NBR, Trade Me purchased 1.3 million… Read More