Tagged: australia

May 9, 2016 @ 3:17 pm By Samantha Hurst  |  

This weekend, Australian crowdfunding portal Pozible announced that it has teamed up with Grill’d Local Matters once again for funding projects in Melbourne and Sydney.  The funding website revealed in a recent blog post: “In 2015, Grill’d Local Matters and Pozible teamed up to discover and… Read More

May 8, 2016 @ 7:01 pm By JD Alois  |  

Growing sports brand SKINS has placed its equity crowdfunding campaign on pause as multiple, large investors have indicated their interest in gaining a “substantial shareholding” in the brand.  The Swiss company launched a £2 million crowdfunding round earlier this year using both Seedrs in the… Read More

May 8, 2016 @ 6:39 pm By JD Alois  |  

Australian peer to peer lending platform SocietyOne has completed another funding round that was revealed last month. This time SocietyOne raised $25 million in equity capital from traditional financial firms G&C Mutual Bank and the Maritime, Mining and Power Credit Union. The transaction was reported… Read More

April 28, 2016 @ 8:12 am By JD Alois  |  

LendInvest, the leading property marketplace lending platform, has received a £40 million warehouse facility from Macquarie.  The funding will be dedicated to bridge  and buy-to-let loans. The financing from Macquarie brings institutional investment for LendInvest to £230 million.  Macquarie, based in Sydney Australia, is a… Read More

April 26, 2016 @ 9:16 am By Samantha Hurst  |  

On Tuesday, Tilt announced that it was making its official debut in Australia. This news comes nearly six months after the crowdfunding platform revealed it was preparing for its global launch. Tim Ryan, head of international at Tilt, stated: “Australia was the perfect market to launch… Read More

April 25, 2016 @ 3:38 pm By JD Alois  |  

CoAssets (NSX:CAX), launched as a real estate crowdfunding platform in Singapore, has successfully raised capital online for an Australian SME, according to a report in the Australian Financial Review. In July of 2015, CoAssets became the first Southeast Asian investment platform to publicly trade shares… Read More

April 19, 2016 @ 11:32 pm By JD Alois  |  

The Crowd-Sourced Funding bill, Australia’s push for a legislative update for investment crowdfunding regulations, has silently died in the Aussie Senate.  The legislation is listed as “lapsed at prorogation” on the Senate website.  The proposal had endured sector criticism with one industry participant calling the… Read More

April 17, 2016 @ 7:16 pm By JD Alois  |  

SocietyOne, has now originated over $100 million in loans according to a release by the company this week.  SocietyOne is the largest Aussie marketplace / P2P lending platform. Australia’s “first” marketplace lending platform has also closed a $25 million funding round, according to a report… Read More

April 15, 2016 @ 7:24 am By Erin Hobey  |  

Frost & Sullivan’s latest study, “Fintech in Australia – Trends, Forecasts and Analysis 2015 – 2020” forecasts that the Australian Fintech Sector will grow at a CAGR of 76.36% and reach A$4.2 billion by 2020; of which A$1 billion will be completely new added value to… Read More

April 15, 2016 @ 7:06 am By Erin Hobey  |  

  Beyond Bank, one of Australia’s largest customer owned banks, has achieved recognition as a Celent Model Bank for 2016. The award was made for its omni-channel customer engagement platform, designed and delivered by Avoka, the leader in digital customer acquisition for financial services. The… Read More

April 11, 2016 @ 11:29 am By Erin Hobey  |  

Online business marketplace lender ThinCats Australia hopes to lend $100 million by the end of 2017 after a much needed debt injection of $10 million by UK fund ESF Capital, the new controlling shareholder of ThinCats UK, reported The Sydney Morning Herald. UK fund ESF Capital took a 74 per cent… Read More

April 11, 2016 @ 8:58 am By Samantha Hurst  |  

Australian marketplace lender, DirectMoney (ASX:DM1), announced last week that there has been significant growth in new loan originations this past quarter, which ended on March 31st. DirectMoney revealed during the quarter $4.71 million of loans to 219 borrowers were settled, a 48% increase on the prior quarter…. Read More

April 7, 2016 @ 12:01 pm By Erin Hobey  |  

Resisting Fintech disruption amounts to a loss of $13 billion in aggregated revenues, according to Frost & Sullivan The Australian Banking sector is heavily regulated to prevent monopolies and collapses, and is guided by the Four Pillars Policy of the Australian Government which maintains the viability and separation of… Read More

April 3, 2016 @ 9:35 pm By JD Alois  |  

As we reported late last month, the Australian government has published a document on Fintech outlining the intent of the Turnbull administration to aid financial innovation.   The policy paper was presented by Aussie Treasury Scott Morrisson as a solid sign of the changing forces… Read More

March 31, 2016 @ 9:55 am By Erin Hobey  |  

Global Credit Investments has called itself the first Australian fund to invest in peer-to-peer loans, according to The Sydney Morning Herald.  The small fund, set up by former Goldman Sachs banker Steven Sher and former Bain & Co consultant Gavin Solsky, is the latest of a new breed of financial intermediaries which has been buying loans American… Read More

March 24, 2016 @ 10:50 am By JD Alois  |  

A growing number of governments are seeking to provide political might to support financial innovation.  While the UK may have trailblazed a path for the rest of the world, there is still time to catch up but without governmental acknowledgement it is pretty tough to… Read More

March 23, 2016 @ 10:55 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) have inked an agreement to support innovative businesses seeking to gain entrance into each others markets.  The unique arrangement will see financial regulators looking to reduce bureaucratic red tape to help… Read More

March 16, 2016 @ 11:03 am By JD Alois  |  

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

March 11, 2016 @ 9:15 am By Samantha Hurst  |  

On Friday, CoAssets (NSX code: CAX), a Singapore-based crowdfunding platform, announced it was kicking off its Australia operations. The company will commence, through its Australian subsidiary, business crowdfunding in the June quarter, in addition to real estate crowdfunding. CoAssets revealed that while it has already been able… Read More

March 7, 2016 @ 9:33 pm By JD Alois  |  

International Financial firm Investec, a publicly traded company, has invested in H2 Ventures, a fintech accelerator based in Australia.  In a blog post on the H2 site the company explained; “At risk of blowing our own trumpet, we are delighted to announce today an investment… Read More