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 […]
Prospa reaches $200 million milestone
Australian leading fintech, Prospa, announced the company has hit $200 million in loan originations – cementing itself as the leading force in Australia’s non-bank finance sector. The milestone announcement coincides with the company securing additional capital from a large local institutional funder for its latest financing round, taking total capital raised to over $100 million. Beau Bertoli, Joint CEO of Prospa, said the additional $50 million debt capital raising is part of Prospa’s strategy to scale operations. “This is a significant milestone for our business. It means we can meet increasing demand from small businesses for fast, easy access to finance. And it means we can continue […]
Leading Australian Legal FinTech expert Claire Wivell Plater joins Ignition Wealth Advisory Board
Ignition Wealth CEO Mark Fordree has announced the appointment of Claire Wivell Plater to the Ignition Wealth Advisory Board. “Claire Wivell Plater is a leading Australian expert on compliance and regulatory issues and concerns. Claire’s knowledge, insight and innovative approach will assist Ignition Wealth as we ongoingly develop our digital advice solution. We believe working with industry leaders like Claire will allow us to maintain our position offering a best in class product.”. Mark Fordree, CEO, Ignition Wealth. Claire is a long standing member of the Business Advisory Committee to ASIC’s Licensing Division, and a member of the Federal Treasurer’s FinTech Advisory Group. She is an active supporter […]
AtlasTrend completes $2.8m capital raising
Australian based fintech and global equities fund manager, AtlasTrend, is pleased to advise that it has completed a capital raising of $2.8m to grow its online investment platform and progress its continued disruption of the trillion dollar traditional funds management sector. AtlasTrend provides retail and sophisticated investors with online access to proprietary investment insights and an easy way to invest in four exclusive global equities funds, with portfolios aligned to global investment megatrends focused on where the world is heading – Big Data, Online Shopping, Healthy Lifestyle, and Baby Boomers. AtlasTrend completed the capital raising through new and existing investors, with notable investors including some of the early backers of […]
