OFX launches new online seller service
OzForex Limited trading as OFX (OFX), one of the world’s largest international payment businesses, has today announced the launch of OFX for Online Sellers, a new online merchant solution that streamlines payments from international marketplaces such as Ebay and Amazon into bank accounts in USA, Canada, UK, Eurozone, Hong Kong, and Australia. The new product will offer a faster, more competitively priced transfer option to the millions of merchants that sell on global E-Commerce marketplaces in North America, Asia and Europe. Forty-five percent of the trillion dollar global online retail market is attributed to online marketplaces like Amazon and eBay. Selling on international marketplaces means merchants can lose up […]
Say no to IPO lockout for retail investors – OnMarket BookBuilds
Have you seen the recent articles in the media responding to proposed ASX listing rules changes reducing the requirement to just 100 shareholders for large IPOs? Currently, ASX rules require each IPO to have 300-400 shareholders. OnMarket BookBuilds believe that this is a major reason that retail investors get some (but in our view, not enough) access to IPOs. OnMarket BookBuilds think the proposed changes will mean that you receive fewer IPO offers. In contrast, Hong Kong and Singapore rules require that 25-40% of all IPOs are reserved for retail investors. If you support the idea of broader, fairer access to IPOs, then make sure your opinion is heard! Click […]
Australian FinTech marketplace Valiant announces capital raise
Valiant, member of fintech hub Stone & Chalk announced today that the company has completed their seed round capital raising subscription. The $800,000 capital raise was led by fintech venture capital firm Reinventure, supported by H2 Ventures and a selection of prominent angel investors including Mitchel Harad and Vincent Turner. Co-Founders Alex Molloy and Richard Cotton launched the Valiant business loan marketplace in November 2015, with the aim to minimise the angst associated with sourcing, comparing, and securing business loans. Valiant partners with over 26 lenders from across the lending spectrum with more lenders being added monthly. Alex Molloy: “We built the Valiant marketplace to solve a very particular need. Until now, it has been difficult for time poor business owners to quickly […]
Sydney FinTech Valiant announces major partnership with Vow Financial
Valiant, member of FINTECH incubator Stone & Chalk will announce today an official partnership with the Yellow Brick Road Group (Yellow Brick Road and Vow Financial) at the Commercial Conference at The Sheraton Mirage Gold Coast. The partnership grants the Group exclusive partnership access to Valiant’s business loan marketplace platform and its range of non-bank small business lending solutions. Immediately, the Valiant marketplace solves the broker network’s concerns with sourcing, comparing, and securing funding for traditionally hard to finance SMB customers. Alex Molloy, Managing Director of Valiant: “The challenge for brokers is that serving customers in the short term funding space takes an unbalanced amount of time – and for hard to fund customers, […]
Australian FinTech Company Profile – RateSetter
COMPANY: RateSetter FINTECH SECTOR: Peer-to-Peer Lending WEBSITE: www.RateSetter.com.au CONTACT: [email protected] PHONE: 1300 768 710 FOUNDED: 2012 FOUNDER(S) / CEO: Daniel Foggo – CEO DESCRIPTION: RateSetter provide a transparent peer-to-peer marketplace where lenders and borrowers, empowered by technology, can transact together and share the benefits. KEY STATISTICS: Value of loans Funded: $43,807,549 Number of Loans facilitated: 2,578 Average Loan Value: $16,993 Average Loan Term: 38 months Average Borrower Age: 39 Average Borrower Income: $90,513 Male – Female: 69% – 31% Number of People registered: 61,215 Applications under consideration: $4,186,959 Enquiries in past 30 days: […]
The Invoice Market appoints Head of National Sales and Referral Partnerships
Peer-to-peer alternative financier The Invoice Market (tim) has strengthened its senior executive team with the strategic appointment of Bernie Kelly as Head of National Sales and Referral Partnerships. Kelly comes to tim with an impressive track record of establishing financial services businesses and designing financial product solutions around the globe. Most recently he was Managing Director, International Operations for PolicyLink. In this position, Kelly grew the business, captured significant market share, and successfully negotiated exclusive strategic alliances with international asset managers, investment banks and global life companies. In commenting on the appointment, tim CEO, Angus Sedgwick said “I’ve known and worked with Bernie over the past 25 years. […]
Aussie FinTech Octet goes global with new partner in China
Octet, a global financial technology company, has welcomed Asiafactor (CN) Limited as the latest licensee of the Octet platform. A successful Chinese supply chain finance organisation, Asiafactor will leverage Octet’s revolutionary supply chain management and financing platform to enable its customers to manage and pay international suppliers, saving time and freeing up their cashflow. Asiafactor will offer the Octet-enabled platform to serve both existing domestic small to medium enterprises, as well as to a vast range of prospective exporters throughout China. Customers leveraging the platform will be able to use their existing credit cards or other financing facilities to pay global suppliers at competitive exchange rates, removing the need for […]
BOQ and River City Labs hackathon to spur innovation in Queensland
The Bank of Queensland has joined forces with technology startup hub River City Labs to host the inaugural BOQ Hackathon 2016 on June 10-12. The hackathon is a creative, problem-solving event specifically focused on new technology-based banking solutions, and converting those ideas into concepts and prototypes within 52 hours. The event will provide a platform for participants, including BOQ employees and partners, startups, and students, to collaborate and disrupt the business banking and financial technology industries. It will comprise of four competition tracks with participants forming teams of between two and six people. Participants will have a chance to pitch their new business to a panel […]
