GetCapital announces new partnership with FAST
Leading aggregator Finance & Systems Technology (FAST) has announced the appointment of specialist small business finance provider GetCapital to its lending panel. Founded in 2000, FAST is one of the largest and most established aggregators in Australia, supporting more than 1,300 brokers to arrange over $21 billion in residential and commercial lending for customers annually. Brendan Wright, CEO of FAST, said this latest appointment reinforced the aggregator’s commitment to continually supporting FAST brokers to meet their business clients’ needs. “This announcement is very much aligned with FAST’s strategy to support brokers to cater to SME clients. Business and commercial finance have long been hallmarks of FAST’s unique value proposition, with […]
FinTech Australia calls for comprehensive credit reporting legislation to progress
FinTech Australia, the peak industry body for the financial services, technology and innovation industry today expressed growing concern that further delays in securing the passage of the comprehensive credit reporting bill would hurt consumers and small businesses. Despite a proposed 1 July 2018 implementation date, the legislation is still in the House of Representatives, with recent reports that lobbying by an unlikely partnership of consumer advocates and the banking industry is encouraging delays and calling for more time. FinTech Australia CEO Brad Kitschke said that Australia had fallen behind other established markets in passing the bill and was surprised that consumer advocates would seek to delay something that would benefit […]
Andrew Mitchell accelerating the future of e-Invoicing with Link4
Andrew Mitchell has officially joined the Link4 Australia team, bringing his years of industry experience and leadership to the Link4 sales team.Mr Mitchell is one of the foremost salespeople currently working in the Australian e-Invoicing space and he could see the importance Link4 already has in streamlining the invoicing process for small and medium businesses. Mitchell will be responsible for developing new business opportunities, fostering new partnerships and creating customised solutions for Link4 users.Link4 is well established as an e-Invoicing market leader through important government and enterprise projects. Given this standing, Mr Mitchell will drive Link4’s sales forward making them ready for rapid expansion. Link4 Australia Co-Founders, Robin Sands and […]
Australian FinTech and GreySpark Partners to collaborate on Research & Strategic Advisory for the Australian Financial Industry
GreySpark Partners, a global business and technology consulting firm, and Australian FinTech, an online space dedicated to promoting the development of the fintech industry in Australia, are pleased to announce a new partnership in which the Australian FinTech portal will serve as a conduit for accessing GreySpark-produced research reports and information related to the firm’s strategic advisory services on the use of and investments in new technologies and financial applications. Founded in 2009, GreySpark – which is headquartered in the UK, with offices in Sydney, New York, Edinburgh, London and Hong Kong – provides its base of financial markets clients with a range of traditional and niche services and products. […]
Meet the Australian corporate initiative empowering India’s Top Women Entrepreneurs
An Australian-first program is helping a new wave of Indian women break through the cultural glass ceiling to put globally-scalable businesses in front of Aussie Investors. In what is the first Australian initiative of its kind, Sydney-based corporate advisory firm – CEO Strategic has launched a specialist program to support some of India’s most innovative women entrepreneurs raise investment capital directly from international investors. The Project shines a light on some of the best innovators from India where, although the number of women entrepreneurs is on the rise, parity when it comes to the support of female entrepreneurship, is still one of the lowest in the world. The program, […]
Wisr announces limit increases to personal loan product
Borrower demand, institutional backing and continued operational improvements support this change Neo lender Wisr announced it will increase its personal loan limits following increased borrower demand, strong institutional lender support and continued improvement to loan evaluation. As of today the company will increase its personal loan limit from $35,000 up to $50,000(1), with a comparative interest rate up to 5% p.a. lower than the Big Four Banks(2). Loans will be available for any worthwhile purpose over three or five years, with a comparison rate of 9.36% p.a.(2, 3, 4) for borrowers with strong credit rating and with a Wisr personal loan there are no early repayment or exit fees. Anthony […]
Moneysoft calls on financial planners to help clients understand their expenditure following Royal Commission revelations
Financial planners need to broaden their role and help clients understand their household expenses in the wake of the Royal Commission’s damning revelations. Australian households have racked up record levels of debt as interest rates have been cut to historic lows in recent years, but the Commission heard that most lenders still over-rely on the poverty-level HEM benchmark that underestimates true living costs. “The Financial Services Royal Commission has raised many disturbing issues across the banking and advice industry. It will inevitably lead to widespread and much-needed reform,” said Moneysoft CEO Peter Malekas. “However, we shouldn’t wait for the final report in 2019 to reassess as an industry, what we […]
Brighte set to accelerate growth with $18.5m in funding
Sydney-based home energy fintech, Brighte, closes 18 months of strong growth with a Series B equity round of $18.5m. The round was led by Airtree Ventures and also includes Skip Capital, the Milgrom Family and further investment from Grok Ventures. Brighte is a digital credit platform offering affordable point-of-sale payment solutions for home energy improvements such as solar panels and batteries. In its first eighteen months it has over approved over $50m of applications from 6,000+ Australian homeowners. This stellar growth has been the result of a fully digital, innovative product being brought to the home improvements market as demand surges from everyday Australians for solutions to rising energy costs. […]
