Reckon Loans breaks $1Million milestone
Australian cloud accounting software provider Reckon (ASX:RKN) has announced its new Reckon Loans (powered by Prospa) platform has funded over $1million to small businesses, proving the online lending market is growing at an extraordinary pace. In partnership with Prospa, Australia’s leading online lender to small businesses, Reckon Loans provides SME’s a fast and simple service with approvals and funding of loans from $5,000 to $250,000 available within one business day. Reckon Group COO Dan Rabie said Reckon Loans is a disrupter in the fintech space, adding diversity and removing the red tape from the small-business loans market. “This is a significant milestone for our business and clearly shows there’s a […]
Returns on IPOs Jump in 2016
Year-to-date returns on Australian Initial Public Offerings (IPOs) sat at an impressive 35.8% as at November 30, compared to just 2.7% for the S&P/ASX200, a sign of a healthy company float market, according to Ben Bucknell, Chief Executive of OnMarket BookBuilds (OMB). The OnMarket November IPO Report reveals over the month of November, 12 companies raised a total $1.95 billion by floating on the Australian Securities Exchange (ASX), well up on the five listings in November 2015 which raised $558 million. The average return on those IPOs was 5.2%, a 2.8% outperformance of the S&P/ASX 200. Ben Bucknell, Chief Executive of OnMarket BookBuilds (OMB), said it has been a good […]
Xero + Apple Pay + Stripe = Faster Payments
Xero today announced the integration of Apple Pay through Stripe, making it even faster and easier for customers to get paid. Xero’s 862,000 subscribers can now offer their customers the ability to view and pay an invoice using Apple Pay through Stripe. Invoices paid with a payment service get paid almost 80 per cent faster than invoices that don’t offer a payment service. This new feature is available automatically to everyone on Xero using Stripe where Apple Pay is available. Small business owners consistently point to delays in getting paid as one of their biggest pain points, which puts a strain on cash flow. Xero customers sent 15 million invoices […]
Mortgage Choice joins forces with leading online lender Prospa
In a bid to better cater to the growing commercial needs of its customers, Mortgage Choice has added Australia’s leading online lender, Prospa, to its panel. “We are very excited to announce that we have partnered with Prospa to help us deliver a broader range of commercial lending and cash flow financing solutions to our customers,” said Mortgage Choice’s general manager of product Emma Dupont-Brown (pictured above with Prospa’s Matt Bauld). “Prospa is the leader in online small business lending, utilising their smart proprietary technology platform to quickly assess online applications for unsecured loans up to $250,000. “A significant proportion of our customers are small business owners who have very specific commercial […]
Australian software startup Businest wins Global Award for Small Business App
Accountex (formerly SleeterCon) announced businest® as the winner of The Small Business App You Should Be Using at their annual accounting technology conference in Las Vegas, Nevada. The award sponsored by Accountex, the leading independent accounting technology expo and conference in the world, was presented to businest® founder Rhondalynn Korolak, on stage in front of more than 1,000 attendees. Each year more than 150 new apps are added to the small business, cloud accounting ecosystem. The Meridian Awards, created by Accountex, are presented to a prestigious few apps in the accounting technology space who have displayed excellence beyond their peers in a given award category. There are only 4 awards […]
Deloitte Technology Fast 50 Australia
Congratulations to those Australian FinTech companies that appeared on the Deloitte Technology Fast 50 Australia winners list and taking out the Top 3 places! #1 – Cashrewards #2 – MoneyMe Financial Group #3 – OpenMarkets #6 – Prospa #12 – DigitalX #24 – Mobile Embrace #42 – Class Read all about it here.
How digital automation can help offset Australia’s 492 per cent regulation boom
By Jacqui Henderson – Founder & CEO, Adviser Intelligence Damage control does not come cheap. Just ask Dongjin Koh, President of Mobile at Samsung Electronics. Koh told press in October this year that the total recall of the inflammable Galaxy Note 7 range – based on reports of just under 50 exploding units of the 2.5 million shipped products – would cost the Korean conglomerate a “heartbreaking amount”. Or to be more precise, more than $5 billion, Samsung later admitted. But, according to Chang Sea Jin, National University of Singapore business school professor, the multi-billion dollar Note 7 recall cost was worth it. “The potential damage to reputation is far […]
Barry Lambert predicts 2017 The Year of the Robo
“YOU DON’T REVOLUTIONISE YOUR COBB & CO BUSINESS BY BUYING FASTER HORSES.”. IGNITION WEALTH INVESTOR AND MENTOR BARRY LAMBERT PREDICTS 2017 THE YEAR OF THE ROBO Digital financial advice is poised for rapid uptake in Australia, with 2017 set to be the year when professional financial businesses adopt ‘robo-advice’ as an essential element of their client offering. Ignition Wealth is at the forefront of the pack of Australian digital financial advice technology providers. “Everyone is talking about the cloud revolution and many are looking to change their technology because they want to look smarter. Changing technology is very expensive if it does not revolutionise your business. Financial planning, a […]
