Tagged: melbourne

Payment Verification Tech Provider ISignThis Loses Legal Battle to Suppress Australian Securities Exchange’s Reasons for Share Suspension

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

Chinese Tech Giant Tencent Acquires $250 Million Stake in Melbourne’s “Buy Now Pay Later” Firm, Afterpay

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

Major Australian Digital Banks 86 400, Volt Bank, Up Slash Savings Account Interest Rates, Following Reserve Bank Cuts

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

Pozible Teams Up With Grill’d Local Matters For New Crowdfunding Campaign in Melbourne and Sydney

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

Aussie P2P Lender MoneyPlace To Open To Retail Investors Next Year; Now Open To ‘Sophisticated Investors’

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

Taxi App Ingogo Sets Records On The Australian (Crowdfunding) Racetrack: Update

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

Q-&-A: Estate Baron Co-founder Moresh Kokane Discusses Real Estate Crowdfunding in Australia

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

Welcome to Australia, MoneyPlace: Newest P2P Lending Market Begins Trading in June Quarter

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

Australian Company Launches Kickstarter Campaign For Waterbottles; Raises $122,000 in Two Weeks

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

Real-Life Video Game “Lazarus” Campaign Receives $360k And Breaks Pozible Record

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

Twelve Foot Ninja’s Pozible-Crowdfunded, Over The Top & NSFW Music Video

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

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