Tagged: melbourne

February 21, 2022 @ 7:12 pm By Omar Faridi  |  

Sydney-headquartered Fintech firm Lumi has acquired an additional $10 million in funding from existing investors Arbel Fund and Melbourne’s Perennial Partners in order to capitalize on the faster than anticipated growth in certain market segments. The SME lender has acquired a total of $30 million… Read More

February 14, 2022 @ 12:22 am By Omar Faridi  |  

Multi-asset digital trading Fintech ThinkMarkets has confirmed that it has finalized a $30 million round. The proceeds will be channeled towards supporting steady growth across existing and new business initiatives this year. Nauman Anees, Co-Founder and CEO of ThinkMarkets, stated: “Our exceptional growth in recent… Read More

January 10, 2022 @ 12:03 am By Omar Faridi  |  

Airwallex notes that the world of e-commerce is “changing rapidly.” As consumers continue to drift away from the high street into the “outstretched arms” of digital commerce marketers, brands are “upping their game.” Airwallex writes in a report that we should no longer just show… Read More

October 14, 2021 @ 8:00 pm By Omar Faridi  |  

We recently caught up with Domenic Carosa, Founder and Chairman at Banxa (TSX: BNXA), which powers one of the largest digital asset platforms by offering payments infrastructure and regulatory compliance across international markets. Banxa’s goal and vision is to develop the bridge that offers consumers… Read More

August 1, 2021 @ 5:41 pm By Omar Faridi  |  

Airwallex, a cross-border payments firm, recently revealed its plans to form a new venture capital fund that is set up by its founders. The Capital 49 fund will aim to make investments into early-stage, high-growth tech-enabled companies that will be supported by Airwallex’s infrastructure. The… Read More

July 19, 2021 @ 8:05 am By Omar Faridi  |  

TrueLayer, the global Open Banking solution provider, reveals that it has hired technical professionals in Australia in order to expand operations in the APAC region. Tilen Chetty will be joining TrueLayer in Sydney as Product Lead and Dan Gaskin will be working out of the… Read More

July 14, 2020 @ 7:13 am By Omar Faridi  |  

Virtual banking service provider Backbase is planning to establish two new offices in order to meet growing demand for its products in Australia, where digital banking platforms are expected to expand rapidly in the coming years. Backbase will be offering greater proximity and expertise in… Read More

May 3, 2020 @ 11:29 am By Omar Faridi  |  

ISignthis (ASX:ISX), a Melbourne-based provider of remote AML/CFT KYC-enhanced due diligence identity proofing, has reportedly lost its initial legal battle with the Australian Securities Exchange (ASX) over the suspension of its company shares. The suspension was announced following an order from the federal court which… Read More

May 2, 2020 @ 4:04 pm By Omar Faridi  |  

Tencent Holdings Ltd., a Chinese multinational conglomerate holding company whose subsidiaries offer various Internet-related products and services, has acquired a 5% stake, valued at about A$390 million (appr. $250.38 million), in Melbourne-based “buy-now-pay-later” firm, Afterpay. Tencent’s management confirmed that they built up their stake during… Read More

March 17, 2020 @ 10:59 am By Omar Faridi  |  

Three major Australian neobanks have slashed their interest rates by 0.25% during the past few days, following the decision taken this month by the nation’s reserve bank to reduce rates. 86 400 was reportedly the first Australian digital bank to reduce the maximum interest rate… Read More

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

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

May 29, 2015 @ 12:54 am By Midori Yoshimura  |  

Valuation Placed at $100 Million. You might not expect a taxi to win on the racetrack, but Australian taxi app Ingogo is setting records for making the (funding) rounds. The company, launched in 2011, just announced that it closed A$12 million in a new funding round through… Read More

April 3, 2015 @ 8:01 am By Midori Yoshimura  |  

Australia’s real estate crowdfunding scene has been a hot topic in recent news, including the launch of real estate crowdfunding platform, CrowdfundUp, offering both debt and equity investment opportunities to investors of all types. But the Outback is also home to another online real estate… Read More

April 3, 2015 @ 2:08 am By Midori Yoshimura  |  

MoneyPlace, Australia’s newest P2P lending market, has confirmed that it plans to begin trading in the June quarter, joining current popular platforms SocietyOne, RateSetter and ThinCats, according to BankingDay. The Melbourne-based company will focus on the personal loan market, with a minimum loan of $5,000 on three-year… Read More

September 9, 2014 @ 3:12 pm By Samantha Hurst  |  

Seeking to put an end to the use of single-use water bottles, Melbourne, Australia-based memobottle has launched a $15,000 crowdfunding campaign on Kickstarter for its self-titled bottles. According to its campaign website, the memobottle is resembles a piece of paper and is a slim, premium design… Read More

June 5, 2014 @ 11:45 am By Samantha Hurst  |  

Australian entrepreneurs and IRL Shooter founders Drew Hobbs and David Leadbetter, who are behind real-life video game “Lazarus,” not only received their $308k crowdfunding campaign goal on Pozible, but also broke a new record on the platform. The campaign received $359k by 1,517 Melburians. According to… Read More

February 5, 2014 @ 9:43 am By Charles Luzar  |  

Australian rock band Twelve Foot Ninja took to Australia-based crowdfunding platform Pozible in an effort to crowdfund a music video. The campaign ended in May of 2013 after raising $52,600 on a goal of $45,000. The big news at the time was that the campaign… Read More