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
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
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
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
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
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
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 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
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
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
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
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
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
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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