The coolest 100 people in Australian tech
Business Insider Australia’s Tech 100 is a comprehensive list of the coolest people in Australian tech. It highlights achievements in the sector over the past 12 months. Congratulations to those cool people from the world of FinTech, FinTech Startups and FinTech Hubs & Accelerators, FinTech VC’s and Investors in Australia…. 12. & 13. Dan Petre and Craig Blair, co-founders, AirTree Ventures 15. Jason Yetton, MD and CEO, SocietyOne 20. Stuart Richardson, founder and managing partner, Adventure Capital; co-founder, York Butter Factory 21. Paul Bassat, co-founder, Square Peg Capital 23. Maile Carnegie, group executive digital banking, ANZ 24. Jost Stollmann, CEO, Tyro Payments 25. Niki Scevak, managing director, Blackbird Ventures […]
Optus MyBusiness Awards – FinTech Finalists
Congratulations to the Australian FinTech companies that are shortlisted for the Optus MyBusiness Awards: Billsumo HashChing Maestrano Practice Ignition SelfWealth Six Park ABAKUS APPS From the team here at Australian FinTech, we wish you all the best! Good luck!
H2Ocean pulls float, but commits to raising new private fund
The listing of what was set to be Australia’s first public venture capital company, H2Ocean, has been pulled, but the firm intends to proceed with raising a private fund. As revealed by Street Talk, the company – the brain child of H2 Ventures founders Ben and Toby Heap – was unable to raise enough capital. H2Ocean had been trying to raise between $27.5 million and $55 million to establish a portfolio of 15 to 50 fintech start-ups, but Ben Heap told The Australian Financial Review the firm had fallen just short of its target. Rather than persist with a lower amount, Mr Heap said it was better to withdraw the […]
Link Group invests in technology solutions provider Moneysoft
Link Group (ASX: LNK), a global provider of fund administration, share registry, shareholder management, analytics and services, today announced an investment in Australian technology solutions company, Moneysoft. Moneysoft is a provider of Personal Financial Management (PFM) tools that incorporate real-time data, budgeting, reporting capabilities and more, to assist financial advisers and their clients to better manage their money and reach their financial goals. The strategic partnership with Moneysoft will augment Link Group’s offering to both superannuation funds and listed company clients as the two parties join forces and explore opportunities to collaborate on new products and innovations. Initially, Link and Moneysoft will release a number of products designed to help […]
Prospa and The Entourage combine to inspire small business owners
Prospa, Australia’s largest online lender to small business, has launched an innovative partnership with educator The Entourage that enables business owners and budding entrepreneurs to fund education through their business cashflow. The partnership will enable business owners to access The Entourage’s Launch, Build and Scale education programs and advice from leading entrepreneurs using an interest free loan from Prospa, instead of a large upfront payment, credit card or expensive personal loan. Beau Bertoli Joint CEO of Prospa said “It’s amazing that two of Australia’s entrepreneurial success stories are partnering to offer Australian small business owners and fledgling entrepreneurs access to finance and education. “Prospa and The Entourage have the same […]
ANZ, Wells Fargo test blockchain for cross-border payments
Blockchain technology promises to reduce the time and cost of transferring funds and increase access to liquidity, according to ANZ Banking Group and Wells Fargo. The companies made the comments following the completion of a six-month project that built and tested a distributed ledger for reconciling and settling payments between the two banks. In a recent report on their “proof on concept” the banks said blockchain could “add real value to both the customer experience and the efficiency” of correspondent banking relationships, which refers to deals between global banks over access to local payment systems. “Cross-border payments and correspondent banking are ripe for rejuvenation,” ANZ and Wells Fargo said, pointing […]
How can I better manage my portfolio?
Managing your own portfolio means you can minimise fees and maximise returns, but if you’re not using the right tools, you could be creating more work for yourself. Here are some handy ways to make investing easier. If you’re a retail investor in Australia and you’re not using technology, you are probably missing out. There are plenty of new investing tools that are out there for the DIY investor that can make life easier. Whether it’s using an online broker to execute your trades instead of a full service stockbroker or using one of the many portfolio management tools to help you work out your investment position, it’s becoming easier […]
Move over term deposits, peer-to-peer lending is on the rise for Aussie investors
Individual Aussie investors have lent an average of $13,508 in the last nine months as they chase better returns in a low-yield environment, according to leading peer-to-peer lender RateSetter. This figure is a 25.4% increase from the $10,770 lent in the previous nine months. With the RBA keeping interest rates at rock bottom levels, and savings returns suffering as a result, Daniel Foggo, RateSetter CEO, said that investors were turning to peer-to-peer platforms as they shifted away from “volatile equities and low-return savings accounts and term deposits.” “We hear from investors that they are attracted by the compelling returns and lower relative risk, in particular the protection of their money […]
