Tagged: australia

January 30, 2016 @ 9:26 am By JD Alois  |  

Australian marketplace lending platform DirectMoney (ASX:DM1) has posted its Q2 results for the period ending December 21st, 2015.  DirectMoney listed its shares on the ASX just last year in mid-July. The IPO priced out at $0.20/share. The company was launched in 2006 but created a… Read More

January 19, 2016 @ 12:01 pm By Samantha Hurst  |  

Following its unsuccessful crowdfunding campaign on Pozible (which secured $324,511 out of its $3,275,000 goal), Australia’s Legion Music Festival has decided to cancel this year’s event.  The organizers stated: “We had hoped to let all our Pozible supporters know 24 hours before everyone else so that they had a… Read More

January 12, 2016 @ 7:56 pm By JD Alois  |  

Equitise, a “Trans-Tasman” equity crowdfunding platform has shared a few of the high-points from 2015. Originally queued up to launch in Australia, Equitise first set up shop in New Zealand as the regulatory regime moved a bit quicker in facilitating the new form of internet finance…. Read More

January 6, 2016 @ 10:35 am By Samantha Hurst  |  

Last month, Australian filmmaker Amy Browne debuted her recent project called Bee Collective. The film featured Indiegogo-success, Flow Hive. Flow Hive is the beekeeping and honey making system that has captured the backing of thousands. It received $12,487,629 last summer through the global crowdfunding platform. The documentary’s description reads:… Read More

January 3, 2016 @ 9:38 pm By JD Alois  |  

ASSOB‘s new CEO Will Leitch took to the pages of the Australian to laud the new investment crowdfunding rules (or Crowd-sourced funding as they call it down under). ASSOB is perhaps the oldest crowdfunding platform in the world and a trailblazer in the space.  Leitch… Read More

December 22, 2015 @ 9:22 am By Erin Hobey  |  

15.5% of digitally active consumers currently use financial technology products Payment services are the most popular product offering Users are younger, wealthier and increasingly urban With 29.1%, Hong Kong has the highest rate of FinTech use of all surveyed markets  “Higher-income individuals are some of the… Read More

December 20, 2015 @ 7:29 pm By JD Alois  |  

Lending Crowd received FMA approval last Fall and today the peer to peer lending platform has unlocked the doors and announced it is open for business providing access to capital for New Zealand SMEs and consumers. According to information provided by the company, Lending Crowd… Read More

December 17, 2015 @ 1:27 pm By Samantha Hurst  |  

On Thursday, Queensland-based Auswide Bank announced it has offered $60 million in funding to peer-to-peer lender, MoneyPlace. MoneyPlace, which was launched in October, provides loans of $5000 to $35,000 through its P2P platform. The new partnership between Auswide and MoneyPlace will have a 5-year deal to fund up… Read More

December 8, 2015 @ 12:35 pm By Erin Hobey  |  

First State Super will invest tens of millions of dollars into fintech start-ups over the coming years, in partnership with H2 Ventures, a specialist fintech VC fund, according to the Sydney Morning Herald‘s James Eyers.  The launch of the First State Super-H2 partnership was attended by Prime… Read More

December 3, 2015 @ 7:21 am By Erin Hobey  |  

After much anticipation from key crowdfunding leaders, including Jon Medved, today marked the landmark occasion for small businesses throughout Australia, according to Crowd Funding Institute of Australia. With support from a burgeoning crowdfunding industry, the first steps have been taken to introduce legislative changes that tackle… Read More

December 3, 2015 @ 1:26 am By JD Alois  |  

Legislation is a Positive Step But Includes Unnecessary Costs. According to real estate crowdfunding platform CrowdfundUp, Australia has “missed an opportunity” as released crowdfunding law falls short of ambitions.  Following many months of discussion, the Australian government published its “Crowd-sourced Funding” bill allowing eligible companies… Read More

December 3, 2015 @ 1:15 am By JD Alois  |  

The Australian Parliament has revealed the expected legislation regarding the regulatory structure of investment crowdfunding.  The bill, along with an explanatory memorandum, is embedded below.  The government had previously stated final rules were a priority for completion before the end of the year. “Crowd-sourced funding”… Read More

December 2, 2015 @ 10:09 am By Samantha Hurst  |  

AltFi, a media outlet for alternative finance, announced this week details about the inaugural AltFi Australasian Summit 2016 in Sydney, which is set to be held next February 29th in Sydney. This event will provide attendees with a deep dive into the inner workings of… Read More

November 29, 2015 @ 9:30 am By JD Alois  |  

New Zealand based Brave New Coin and Australia based Smartbit have formed a partnership to create a new cryptocurrency index. The duo have launched the BNC Bitcoin Liquid Index (BNC-BLX) in an attempt to create the “first provable index” for financial markets. According to information provided… Read More

November 27, 2015 @ 8:06 am By JD Alois  |  

Porter Novelli, an Australian based marketing firm, has once again assisted several crowdfunding campaigns raise funding on Pozible. This is the second year the company has partnered with Pozible to aid several projects. Using their “pop-up” public relations creation, jack + bill, the group has… Read More

November 22, 2015 @ 6:24 pm By JD Alois  |  

ThinCats Australia has posted an update on their progress and according to the platform after one year of operations the peer to peer lending platform has arranged approximately $2 million in loans. Interest rates have ranged from 11.5% to 14.5% from a group of “diverse”… Read More

November 19, 2015 @ 1:58 pm By Erin Hobey  |  

Jon Medved, the prominent globetrotting entrepreneur and charismatic founder of OurCrowd, caught up with ABC’s Business Correspondent Ticky Fullerton as part of a segment on new reforms on crowdfunding for small businesses and startups in Australia. Complimenting PM Malcom Turnbull’s deep understanding of tech and innovation… Read More

November 15, 2015 @ 10:38 pm By JD Alois  |  

In Australia today, start-ups and small businesses cannot practically access retail investors due to significant upfront and ongoing compliance costs and red tape. This is according to Kelly O’Dwyer, the Minister for Small Business and Assistant Treasury. O’Dwyer delivered this statement to the Financial Services… Read More

November 13, 2015 @ 10:40 am By Samantha Hurst  |  

This week, crowdfunding platform, Tilt, announced it is making the final preparations to launch globally starting in November by hitting five additional international markets by early 2016. Tilt, which was founded in 2012 by James Beshara and Khaled Hussein, recently placed a foothold in the European market… Read More

November 6, 2015 @ 2:26 am By Midori Yoshimura  |  

Aussie startup MoneyPlace will next year be among the earliest Australian peer-to-peer lenders to open up to “mum and dad investors” (read: small-scale nonprofessional investors) as of Monday, Nov. 2, noted the Sydney Morning Herald. The Melbourne-based MoneyPlace has been in the works for two years, including… Read More