InfiniGold digital gold launches with The Perth Mint
In collaboration with The Perth Mint, InfiniGold has released the latest innovation in gold investment – a flexible digital gold product compatible with a wide range of technology platforms including blockchain. InfiniGold digital gold certificates offer institutions the opportunity to present investors with a new, secure and easy way to trade, hold and transfer physical gold. These digital certificates represent direct ownership of physical gold that is securely stored in The Perth Mint’s network of central bank grade vaults, which are located in the safe geopolitical environment of Western Australia. InfiniGold spokesman Sean McCawley said that InfiniGold certificates are the closest a customer can get to buying physical gold, in […]
Liberty buys MoneyPlace in personal loan push
Non-bank lender Liberty has purchased MoneyPlace, in a deal that will provide the marketplace lender with funding flexibility to target rivals SocietyOne and RateSetter along with the personal loan books of the big four banks. The acquisition suggests brokers, which currently facilitate half of all mortgages, will play a more influential role selling personal loans given Liberty’s deep broking relationships. It also suggests risk-based pricing of personal lending will become more common, given MoneyPlace and the other P2P lenders are willing to undercut bank interest rates for high quality borrowers. Liberty and MoneyPlace have not disclosed the price tag for the Melbourne-based platform, which has been operating for 18 months […]
Bilateral forum looks to digital future
Economic opportunities and ways to embrace rapidly advancing technologies will be among the topics of discussion at the Indonesia-Australia Digital Forum in Jakarta this week. The forum is a shared initiative of Prime Minister Malcolm Turnbull and President Joko Widodo. The Minister Assisting the Prime Minister for Digital Transformation, Michael Keenan, will attend the two-day event on Wednesday and Thursday, joining government officials, high-profile business people, policymakers and academics from Australia and Indonesia. “Having taken over the Digital Transformation portfolio last month, this inaugural forum is a timely opportunity, as the Australian Government pursues its broad digital transformation agenda,” Minister Keenan said. “The forum provides a platform to discuss many […]
Afterpay’s US foray carries high expectations
Afterpay Touch Group ((APT)) continues to attract investors’ attention as a rapidly growing fintech that has established itself as the market leader in ‘buy now, receive now, pay later’ finance for both online and instore shoppers. Afterpay recently announced a strategic partnership with experienced tech-focused US venture capital firm Matrix Capital Partners, which will invest in and advise on the Australian company’s US expansion plans. Afterpay IPO-ed in 2016 and in June 2017 merged with another listed fintech, Touchcorp, to form Afterpay Touch Group. The company’s deferred payment product allows shoppers to make purchases without interest charges, up-front fees or loan application forms. Consumers typically pay off these ‘reverse laybuys’ […]
This investment company is a step closer to a $3.5 million blockchain placement
First Growth Funds is a step closer to a blockchain-related investment with the green light from a leader in the field, Blockchain Global. In early January the pair announced a conditional placement led by Blockchain Global to raise $3.45 million for First Growth’s (ASX:FGF) expansion into the hot sector. Blockchain technology, which provides an encrypted, public ledger of transactions, is best known as the basis of cryptocurrencies such as bitcoin. But it has many other potential applications such as enforcing digital contracts, securing public records or regulating online voting. First Growth and Blockchain Global forged a partnership to identify blockchain-related investment opportunities. On Monday, First Growth announced the successful completion […]
China’s crypto start-up exiles like InvestDigital target Australia for ICOs
It was a futuristic deal. As the traditional capital markets took a breather in the days after Christmas, InvestDigital, a Chinese-based start-up building a funds management platform for crypto assets, raised $US23 million ($28.4 million) worth of the cryptocurrency Ether in an initial coin offering (ICO). It was also a landmark deal for the Australian market. After China last year put a halt to ICOs, the new form of fundraising allowing funds to be raised anonymously over the internet by issuing digital tokens, InvestDigital looked around for a country in which to base its offer – and chose Australia. Fintech lawyers and venture capitalists say this modern deal shows that […]
Fintech job board growing
Fintech jobs board and news site Australian FinTech is seeing growth from employers who are shunning Seek and CareerOne due to the volume of unsuitable applicants, its CEO says. Founder Cameron Dart, who established the site two-and-a-half years ago and its niche job board component in December, says employers using the site tend to only receive a handful of applications, but are more likely to find them all hireable. Feedback from organisations seeking fintech talent has included comments such as “we don’t like [the major job boards] because if we advertise on there, we get 300 people applying for the job and 10 of them are worth talking to, and […]
Shares in fintech payments startup Zip Co are going nuts
Shares in Zip Co — the owner of zipPay, zipMoney and Pocketbook brands — jumped after the latest quarterly results exceeded guidance. At the close, the shares were up 22.1% to $1.16.The company posted record December quarter revenue of $9.3 million, up 35%. Transaction volume was up 47% to $140 million. A record 1,800 new retailers joined the platform during the quarter, including Kogan, Fantastic Furniture, Anaconda and Spotlight, says Zip Co. The company says it has unified the Zip network, enabling a Zip wallet funded by either zipMoney or zipPay to transact at any accredited merchant. To read more, please click on the link below… Source: Shares in […]
