DASH integrates with Living Room of Satoshi bill pay service
Dash, the “better bitcoin,” has been integrated into one of Australia’s most promising cryptocurrency companies, Living Room of Satoshi, a business that has already revolutionized the way people pay their bills online. Founded only two years ago, Living Room of Satoshi was named 2015 Australian Startup of the Year award by StartupSmart for the innovative way the company allows Australians to pay their everyday bills with cryptocurrency, including rent, utilities, insurance bills, phone bills, speeding fines, credit card debt, and government tax bills. The service is linked to BPAY, an online bill payment mechanism accepted by over 45,000 companies across Australia. Today, Dash joined Bitcoin as the only alternative currency […]
Xero announces HY17 results, Australian subscribers grow 45%
Xero Limited (NZX: XRO; ASX: XRO) today reported its half-yearly earnings to September 30, 2016, executing strongly on diversified global growth while making progress towards EBITDA break-even. Achieving milestones of annualised committed monthly revenue of $303.2 million and operating revenue of $137.2 million, a 48% year-on-year increase, Xero’s paying subscriber base reached 862,000, and reached a total lifetime value of $1.7 billion. Revenue growth rates, while strong, were adversely impacted by the strengthened New Zealand dollar. Xero remains focused on driving diversified global growth and executing on its business strategy, including building towards a high-margin business. “Our focus is to build a sustainable global business with high margins, while managing […]
LoanDolphin completes $1.1 million seed funding
LoanDolphin, Australia’s leading loan bidding platform, has successfully raised a total of $1.1 million from key investors to expand its presence in major capital cities in a bid to claim a stake in Australia’s $1.5 trillion home loan market. Strategic investor Barry Lambert provided $1 million, with the remainder from fintech investment firm H2 Ventures. Mr Lambert founded Count Financial in 1980 and sold the company to Commonwealth Bank in 2011 for $373 million. The seed funding values the Sydney-based fintech startup at $5 million post capital raising rounds. LoanDolphin is a free online platform for people to refinance or obtain new home loans at rates […]
EY FinTech Australia Census 2016
FinTech Australia and EY Sweeney release the most comprehensive analysis of Australia’s fintech ecosystem to date, the EY FinTech Australia Census 2016 FinTech Australia and EY Sweeney are today releasing the inaugural EY FinTech Australia Census 2016, the most comprehensive and detailed report on the Australian fintech industry to date. The research was formally launched in Melbourne today by EY’s Anita Kimber at FinTech Australia’s national summit, Collab/Collide 2016 in partnership with LaunchVic. This significant piece of research was commissioned by FinTech Australia as part of their efforts to foster a thriving fintech ecosystem in Australia. The report identifies important characteristics of the Australian fintech industry, and establishes a set […]
International share trading made easy for financial advisers by Macrovue
Macrovue, Australia’s first global thematic brokerage and trading platform, has taken the wraps off a new global share trading solution aimed at easing complexity, time, and costs for Australian financial advisers and their clients. Sid Sahgal, Macrovue CEO said: “We offer the flexibility to create, trade, and rebalance share-based portfolios built from scratch by advisers, choosing from 20,000 securities and ETFs listed on over 18 global exchanges.“ Mr Sahgal noted that a surprising number of advisers are still using manual trading systems (paper and telephones) to buy and sell global stocks. “Our platform features paperless client on-boarding, one integrated trading platform for global and domestic stocks, powerful […]
Quantifeed makes key hires from leading banks as expansion in Asia Pacific continues
Quantifeed, a leading provider of digital wealth management solutions in Asia Pacific, today announced the appointment of Audrey Wong in the combined role of Chief Operating Officer and Chief Financial Officer, alongside several other key senior hires in Hong Kong and Australia. The Hong Kong based company is moving ahead with regional expansion after announcing successful completion of a US$4.5 million Series A round in July. Audrey Wong brings strong financial and operational experience, coming from Bank of America Merrill Lynch, where she was COO of Asia Pacific Equities in Hong Kong. Her career spans more than 15 years in the investment banking sector, including roles as CFO and COO. […]
Progressclaim.com launches ProgressPay
Progressclaim.com, the construction industry standard for connected contract administration™, announced that it has partnered with international debtor finance specialist Omniveta Finance to offer General Contractors the ability to empower their Subcontractors by providing access to a product that helps improve their cash flows and strengthen and grow their businesses. The new product, ProgressPay™, enables Subcontractors to receive payments for their progress claims within 2 business days of their approval by a participating General Contractor. The current standard practice in the construction industry is for the Subcontractor to supply and pay for their own labour and materials to complete work as quoted, and then lodge a progress claim with the […]
WorldRemit achieves key volume milestone underpinned by strong user growth
WorldRemit achieves key volume milestone underpinned by strong user growth, with Australian market a key driver WorldRemit now processing over 500,000 transactions per month 100,000 transfers sent from users in Australia alone 160,000 transfers received directly on mobile phones Signalling rapid and accelerating global growth, online money transfer service WorldRemit announced it had processed more than half a million transfers in a month for the first time ever in September, with more than 100,000 transfers sent from users in Australia alone. The milestone continues WorldRemit’s record for consistent transaction volume growth, showcasing strong fundamentals – consistent, growing revenues streams and a clear path to profitability. Global turnover is […]
