FinTech

Software moguls back Australian SaaS start-up Practice Ignition

Australian Software as a Service (SaaS) start-up Practice Ignition has signed on major investor Adrian Di Marco, founder of Australia’s most successful enterprise software company TechnologyOne, in its latest round of funding. Mr Di Marco joins existing investors MYOB co-founder Craig Winkler, Canadian-based Real Ventures and a high level executive from US startup unicorn Gusto […]

By Australian FinTech | FinTech . Investing
DETAIL
Feb
01

DirectMoney eyes $32bn card debt as it targets $100m in loans

Recently-listed marketplace lender DirectMoney is targeting $100 million in loans a year as it goes after the banks’ $32 billion in revolving credit card debt. Chief executive Peter Beaumont said it was surprising that so many people were paying up to 20 per cent interest rates on credit card balances when there are much lower […]

By Australian FinTech | Banking . Borrowing . FinTech
DETAIL
Jan
28

Fintech funds are drying up, but some local players welcome the drought

Aris Allegos, the founder of online small business lender Moula, was an entrepreneur in the dotcom era and an investment banker during the global financial crisis, so he has seen first hand the havoc a speculative frenzy can create. But as the torrent of capital from US funds backing start-ups in the burgeoning fintech industry […]

By Australian FinTech | FinTech . Investing . Venture Capital
DETAIL
Jan
26

Gruden to list after reverse takeover of Exoma Energy

Digital marketing and app development firm Gruden will list on the ASX as early as this week through a reverse takeover of Exoma Energy, in a deal worth $7 million. Gruden itself is a collection of specialist technology companies with offices in Sydney, China and Malaysia and its self-proclaimed “jewel in the crown” is MobileDen, […]

By Australian FinTech | FinTech
DETAIL
Jan
22

‘EY Fintech Adoption Index’ – out today

Ernst & Young have now released their ‘EY Fintech Adoption Index’ which outlines how quickly the market is taking up FinTech products. While we are a market leader in the adoption of credit card contactless payment technologies we are slow to take up FinTech products. As our market matures this is sure to change. Exploring […]

By Australian FinTech | FinTech
DETAIL
Jan
20

CBA eyes collaboration with fintech companies in Asia and Europe

Kelly Bayer Rosmarin, CBA’s (CBA) Group Executive, Institutional Banking and Markets, said the Hong Kong and London labs highlighted the banks’ global approach to innovation that connected customers, employees and start-up communities to the latest fintech developments. “Hong Kong’s highly developed financial sector, strong entrepreneurial culture and proximity to China makes it the optimal location […]

By Australian FinTech | Banking . FinTech
DETAIL
Jan
18

The Australian FinTech Ecosystem’s Growth is Breathtaking

Here’s a great article and infographic that has been written by Lets talk Payments. It is always nice to get an outsiders view of a market, especially when it’s as positive as this one. Continuing our world FinTech haul after looking at London, New York, Hong Kong, Singapore and other international FinTech hubs, we decided […]

By Australian FinTech | FinTech
DETAIL
Jan
18

Ken Henry says NAB has strong capital and is ready to embrace fintech future

“If digital innovation leads to more efficient ways of achieving credit intermediation, we are in a strong position to embrace those new efficiencies. Maybe the whole sector becomes more efficient. If it does, our customers will benefit. “The establishment of NAB Labs, an innovation lab in Melbourne, and NAB Ventures, a corporate investment fund to […]

By Australian FinTech | Banking . FinTech . Peer-to-Peer
DETAIL