Apr
18
Copying investors via SelfWealth resulted in a 36% return over two years
Australia’s fastest growing online share trading platform, SelfWealth, continues to innovate and provide Australian investors with outperformance.
Apr
17
MYOB votes are in; shareholders hand keys to KKR
Almost four years to the day after re-listing on the ASX, and after an at-times remarkable takeover battle, the accounting software company is headed for a another stint in private equity hands. It is understood early votes and proxies received ahead of Wednesday afternoon's meeting are enough to ensure MYOB is headed into KKR's private equity portfolio. Manikay Partners, owner of a 16 per cent stake, has voted for the deal as flagged, along with former controller and now 6.1 per cent shareholder Bain Capital. Add in a handful of the other institutional shareholders and KKR goes into the meeting knowing it already has the numbers. It's understood to have […]
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Apr
17
Aussie blockchain investor goes global
Australian digital assets investment firm TCM Global Asset Management (formerly Token Capital Management) is making its first international foray. TCM is chaired by former ANZ managing director of global markets, Steve Bellotti, and its chief executive is former JP Morgan managing director of Asia Pacific commodities trading, Jon Deane. The firm has acquired a controlling stake, alongside high profile blockchain investor Frank Amato, in Cleveland-based Grasshopper Capital. Grasshopper Capital's first fund, launched in 2017 and closed in 2018, returned 29.28%. The fund was long only and focused on infrastructure opportunities in the blockchain ecosystem. Grasshopper has now announced it will be launching a new fund, Grasshopper Capital Fund II LP, […]
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Apr
17
Big cards, personal loans player takes a look at Zip Co
Payments company Zip Co's shareholders have more than doubled their money this year, but the strong run may have crippled their chance of a buyout. Street Talk understands local credit cards and personal loans company Latitude Financial Services - which is owned by global heavyweights KKR, Varde Partners and Deutsche Bank - has been watching the ASX-listed payments provider. Sources said Latitude's new management team, spearheaded by former Australia Post boss and investment banker Ahmed Fahour, has spent some time considering ways to get into the buy now pay later sector, which looks like disrupting part of its more traditional banking book. And as small cap managers know - and […]
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Apr
16
WP Hosting Customer Spotlight: Amber
WP Hosting spoke to Ryan Neale of Amber, a startup helping people prepare for a world where assets and currencies have become digital. Amber is an app that lets you swap your spare change for Bitcoin and other digital assets. It doesn’t have to be a big investment either as you can commit as little as 50c a day. As Amber describe it; “the spare change from each of your transactions is automatically converted into Bitcoin and Ethereum — like a digital piggy bank.” Amber was founded exactly a year ago by Aleksandar Svetski and Chantelle de la Rey and are headquartered in Brisbane. A quick intro: who are you […]
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Apr
16
Key benefits of robo-advisors in Fintech
When you are investing and strive for a higher ROI, whom do you address? As a rule, you reach out to a team of wealth advisors. That means meeting regularly with those financial consultants to discuss your ventures and make adjustments to your investment portfolio. This process is time and money consuming and can be frustrating, as well. This does not need to be the case. We know how to change it with a revolutionary new approach to wealth management. A new service called robo advising makes it a thing of the past. These digital assistants provide automated algorithm-based portfolio management analysis with accurate figures and efficient risk assessment. Robo-advisors […]
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Apr
15
Coming of age: Australian crowdfunding platforms raised $8.7m in the March quarter
Investing results for the March quarter suggest that when it comes to investing, Australians don’t appear to be too afraid of crowds.Among the major crowd-sourced funding (CSF) platform, Birchal led the way raising a total of $4,780,700 across four companies, from a total of 3,294 investors (another two closed successfully in April). It was a similar story at Equitise, which raised just shy of $3.9 million from 2099 investors. More broadly, $8.7m worth of crowd-funded capital raises were closed off in Q1 across the sector as a whole. Of that amount, two funding rounds stood out; Birchal’s $3m raise for Shebah’s all-female ridesharing platform which set the record for an […]
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Apr
15
P2P borrowing up 45% year on year
Recent surveys conducted by ASIC have made it clear that the peer-to-peer (P2P) lending marketplace is continuing to grow in conjunction with the increasing demand for alternative funding sources. During the 2017-18 financial year, new P2P borrowing increased 45% to $433m, and outstanding loans were up 59% to $518m. While these numbers have “increased significantly” from the 2016-17 figures, the data did indicate a slight slowing in the rate of investor and borrower growth, according to ASIC. Respondents reported a total of 13,446 investors and 31,421 borrowers in the P2P space as of June 2018. In 2017-18, a total of $352m was invested in the platforms surveyed. To read […]
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