Prospa first Australian fintech to deliver a half billion dollars of small business loans
Prospa, Australia’s number one online lender for small business, has announced the delivery of more than half a billion dollars into the economy, providing loans to over 12,000 small businesses across the country. Now in its sixth year, Prospa has scaled rapidly, today placing second in the Fast 100 for 2017 thanks a 239 per cent average revenue growth since 2013-14. The AFR’s Fast 100 ranks the fastest growing companies in Australia, and in previous years has included the likes of Atlassian, Lonely Planet, SEEK and WebJet. 2017 has been been a bumper year for Prospa, having secured over $50m in equity and debt funding. The firm announced […]
A Focus on the Digital Currency
When the Internet was invented, everyone began to look for ways to make money online. Most of these ways involved using the power and connectivity of the Internet to improve upon old industries. Advertising, retail, communications – everything was being disrupted. The banking industry was the last to be disrupted because of all the regulatory restrictions that are in place with respect to the management of money. Options like PayPal began to emerge as early as 1998, but these systems were mostly just centralized online managers of fiat currency rather than completely new digital currencies. The first true digital currency that has ever received mainstream attention is Bitcoin. It was […]
Jacaranda Incubator Program – Backing Australian Fintech
Jacaranda Finance is on the hunt for Australia’s most exciting, high growth potential Fintech startup, establishing the Jacaranda Incubator Program. Background Jacaranda Finance is one of the fastest growing financial technology start-ups in Australia. With the recent launch of the new and improved Jacaranda decisioning engine, the young startup analyses vast quantities of data from numerous data sources within seconds. This allows the company to make smarter credit decisions and expand the availability of fair, affordable, responsible and more transparent credit solutions for consumers. “It’s no longer hard, expensive or impossible to acquire and process large volumes of data relating to our applicants”, says Daniel Wessels, CEO of Jacaranda. […]
Sharequity wants to lead equity crowdfunding in new direction
Australia’s newest equity crowdfunding platform, Sharequity, is planning to work with the corporate fundraising sector rather than compete with it as the first companies get ready to raise capital through the crowd in Australia. Founded by former GMP Securities Chief Operating Officer, Asia Pacific, Geoff Reilly and backed by leading crowdfunding figure Jack Quigley, Sharequity already has several companies ready to raise capital by traditional routes, and then through equity crowdfunding when it’s license is approved. Sharequity, which will also feature other complimentary products, has also already signed a partnership with share registry business Automic and expects to do deals with more corporate advisors, brokers and other traditional […]
Australian Fintech companies amongst 2017 Finder Awards
Once again the 2017 Finder Awards was dominated by Australian Fintech companies, like they have done in previous years. Congratulations to all the Fintech winners: Best Investor Home Loan (PI 3-Year Fixed) UBank UHomeLoan Best P2P Personal Loan RateSetter 2 Year Personal Loan Best Personal Loan Pepper Money Unsecured Variable Personal Loan Best Personal Finance App Acorns Best Online Customer Service UBank Best Banking Innovation Spriggy Most Innovative Team Mario Hasanakos & Alex Badran, founders of Spriggy
Change Financial partners in Blockchain & cryptocurrency business solution
Change Financial Limited announces it has entered an in-principle agreement to develop an innovative blockchain and cryptocurrency technology to provide solutions for the $1,250 trillion global payments market [1]. Continuing with its vision to create a ‘better way of banking by utilising innovative and leading technology’, the Company is investing in a partnership to develop a blockchain-based cryptocurrency for business transactions over $10,000. The cryptocurrency will embed critical Know Your Customer (“KYC”) information and transaction-specific payment identification data. The partnership is a natural progression for Change Financial, which has already developed an internal blockchain-based ledger system as part of its consumer banking and Enterprise SaaS offering. The Company […]
New advice fintech WealthO2 doubles FUA in 3 months
WealthO2, the fintech for financial advisers, has doubled in funds under administration between June 2017 and October 2017.
Investment platform Stake opens the US floodgates for self-managed super accounts
Stake, the fintech platform redesigning investing for Australians, today announced the beta launch of Stake Premium, which gives self-managed superannuation funds direct access to commission-free US share trading for the first time. Stake has also appointed Matthew Rady, a global financial markets expert and former IRESS executive, as Head of Business Development to help expand Stake into new services and offerings for investors and prospective partners. Stake Premium takes the features already available to Stake members — zero brokerage, paperless sign-up and a powerful dashboard to discover and buy US shares at any amount — and makes it available to the $700 billion SMSF market in Australia to help diversify […]
